Gun is worth what you paid. They were used as military trainers and maybe for cadets. Later some were cut. too bad as it made them a regular .22 not a more valuable classic. They are accurate gun. just the rest of the cooey guns. Simple in design. If you want more info there is a lot on google
here is some info to read from there
The Cooey Model 82 was a single shot bolt-action .22 caliber target rifle intended for use in training Canadian Army and RCAF cadets during WWII. A number of variations exist but, generally, the rifle is 44 inches long with a 27" ordinance steel barrel. Weight is generally 6.5 lbs however this can be adjusted by changing a steel rod located in the forearm under the barrel. In 1942, the Canadian government placed an order for 34,810 rifles at a cost of CAD$13.80 per unit; the Canadian Army Service Bulletin dated April 20, 1943 identified them as "Rifles, Cooey Pattern. .22 in. Instruction No. 1."
Large quantities later became available to the civilian market after the war as military surplus. In the late 1940s, Hallum's Sporting Goods of Toronto and International Firearms in Montreal were offering the "musket type" at CAD$9.95 each (about $110 in 2011 dollars). A contemporary advertisement to the retail market states, "A Military Model .22 caliber especially designed for Class 2 [shooting] clubs. Adaptable for drilling purposes, target shooting, Home Guard and Cadet training."
Well regarded for its durability and reliability, particularly in the harsh environment of the Canadian winter, a Model 82 in good-to-excellent condition can fetch as high as $300-$400.
Unlike other Cooey rifles of the period, all Model 82's are marked with a National Stock Number found on the base of the grip. Front sights were usually a hooded post or hooded blade type while the rear sight could be either a blade and ramp style similar to that found on other Cooey rifles or the receiver was drilled to accept a peep sight or scope mount. The action is the same design as other Cooey single shot .22's and this rifles can shoot all .22 cal ammunition.