Best 22lr for 1200.00 - Best at what? Shooting tight tiny groups from a bench at 100y? or shooting long distance match stages that require engaging multiple long range targets at varying distances with up to 20rds per stage and a tight time limit? A good bolt gun is going to excel at the former since the semi-auto chamber has to be loose to feed reliably. Even a old cheap single shot Vostok CM2 can do this but it is a heavy single shot tgt rifle and it is not clear if repeater capability or magazine capacity is important. A well prepped 10/22 with match bbl and trigger set into a good stock is going to fall under the $1200 limit most of the time and will zip thru a time limited stage of up to 20rds without even having to reload since 25rd after mkt mags are common for the 10/22 and non-existent for CZ/Savage/Anschutz or any other bolt gun that I can find. Not sure about Quad but is it under $1200? I was assuming that you mean the options must be new repeaters? Like the current John Deere mower add, "Its not how fast your shoot, it is how well you shoot fast". Huh? For example a Cooper Model 57 stainless comes to mine as a top of the line repeater but it totally blows the budget. Some of the Annies do as well but the ones that I want are closer to $1600 new. Some more and some less.
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The Kidd Super will very consistently hit quarters at 100.
The Anschutz will hit Nickels. (64 and 54).
No wind. Decent match ammo.
The OP was looking for a 22lr capable of shooting MOA or better at 100y. I just measured the diameter of a Quarter. It was about 0.9375" now if you scored it best edge that would be about 1.386" for the worst possible group that could still hit the tgt.
A Nickel measured 0.8125" which worst case you could hit it with two shots on each side and measure the group at 1.261" With 1.047" = 1MOA, the Nickel shooter is really only talking about 1.20 MOA unless he really means that he can hold all the shots inside of a Nickel sized circle. Then it would be capable of 0.776 MOA. Still if we score the Quarter shooter the same way with all the shots inside of the 0.9375" circle, it is grouping about 0.895 MOA, so technically depending on how one would score the ability to hit the two respective coins, either they both are capable of shooting under 1 MOA or Neither is and the difference between hitting a Nickel or a Quarter is less than the relative value of the two coins.
Keeping with the coin theme, my 2 cents is that I would rather be able to hit a penny or even a dime at 100y reliably with my precision 22 if possible in calm conditions and with whatever ammo it likes to eat. I suggest that you review the lists of rifles that were scored on the 6x5 challenge at the top of the rimfire forum. Look at those which fit your desired profile, repeater, capable of 1 MOA c-c at 100y average. Capable of <1/2 MOA at 50y. Once you discard the single shot tgt rifles, the list is fairly short but includes: Kidd Super, CZ/Lilja, Sauer, Sako-Quad, Mod 52, Anschutz 64, Anschutz 1827 biathlon, You might even be able to tune up a Savage Mkii to fit that profile if you are willing to spend $1200 on it. What about a Kimber Classic? What about a used customer Benchrest sporter class rifle. I have seen some nice ones available used for about $1200 and by definition must be repeaters and must be less than about 8.5 lbs (I think). Now I am speculating and I don't like to do that here. Half the fun of 22's is finding out. Get one and try it.
Irish