It is not uncommon for rifles which are chambered for cartridges which are loaded to high pressures to pierce primers. The condition is worse when small rifle primers are used with some brands being more suceptible than others. Now, I'm going to bore you all with a bit of an explanation of this phenomenon and the causes and ramifications thereof.
There is a difference between "piercing" and "blanking". In most cases, piercing may be described as being caused by the firing pin while blanking is caused by a combination of firing pin damage to the primer cup and the pressure of the load. There is some overlap.
Piercing is usually the result of a poorly shaped firing pin which tends to cut the primer cup or "pierce" it. Blanking is caused by a combination of high pressures and a pin which is too large in diameter. The firing pin weakens the cup and the pressure forces the pin and the cup back into the firing pin hole. Ultimately, the entire depression created by the pin is blown out or "blanked". The major culprits in blanking are the diameter of the firing pin, along with the firing pin hole in the bolt face, and high pressures. Firing pin shape can also play a part, as can the amount of penetration by the pin. This, the amount of penetration, is determined by the amount of firing pin protrusion.
Among factory actions, the worst offenders are the Winchester Model 70's (post-64). These have a very large diameter firing pin. Remingtons also have some problems. Although their pins are of a smaller diameter, the striker is lighter (less supporting mass) and the firing pin hole is sometimes a bit large. By the way, it isn't the difference between the diameter of the pin and the hole which leads to cratering but simply the diameter of the hole. Put a bigger pin in it and the rifle will probably still crater. Ctratering may be considered to be incipient blanking. Those who have used them will know that cratering is a seldom-encountered problem with a Mauser. This is simply because the firing pin, or striker, is quite heavy and it's mass supports the primer cup very effectively. Of course, heavy strikers also mean slower lock times and more rifle disturbance; neither of which is acceptable to today's precision shooter.
So, how to deal with it? Some possible cures have already been mentioned and I may repeat them simply due to their validity.
My first move would be to check the shape and finish of the firing pin tip. It should be hemispherical and polished smooth.
Next, I would check firing pin protrusion. In a precision rifle which is firing brass which fits the rifle well (little, if any, head clearance) there is no need for any more than .045" of protrusion.
The next item is spring pre-load. This determines the amount of resistance the firing pin offers to the pressure produced by firing. I like to see 18 to twenty pounds of preload. This is the amount of weight which is required to deflect the striker when it is in the fired position. Eighteen pounds is roughly, what you will find on a new Remington 700. In this case, pre-load is of more importance than spring rate. Spring rate will decrease lock time and increase striker energy but may or may not increase pre-load. Pre-load has no effect on spring rate and very little effect on lock time or striker energy. Ideally, a heavier spring should be designed so that the pre-load remains in the 18 to 20 pound range. If the preload ends up being significantly greater, the heavier spring can actually exacerbate blanking. Why? Because the stronger spring rate at the end of the striker's travel actually powers right through the primer cup and the firing pin bottoms on the shoulder inside the bolt. From this point, it may actually bounce back a bit and will no longer support the weakened cup. In an ideal situation, the firing pin will JUST bottom at the point that the tip has deformed the cup to full depth.
Going to a 1/16" diameter pin, with the accompanying smaller hole, is an almost certain cure (providing that tip shape is correct) but shouldn't really be necessary in this case. Good Luck. Regards, Bill.