The M47 Madsen "Lightweight Military Rifle" was the last military bolt action rifle designed to be a primary infantry rifle, and it is a bit hard to see just who Madsen thought they could sell it to. The rifle was designed in the late 1940s and was available for sale in 1951, evidently marketed to countries in South America and Asia without the financial resources to afford any of the semiauto rifles that were clearly the new standard for effective military forces. The Madsen was obsolete when it first hit the drawing board, and there were loads of surplussed bolt action rifles available from the post-WWII drawdown to compete with it on price.

Not surprisingly, the gun was a commercial flop. The only country that decided to purchase them was Colombia, which bought a few thousand (in .30-06 caliber, with 5-round magazines) and ended up never even issuing them. They went into storage until being sold to the US civilian surplus market, although some may have been used for ceremonial purposes. As a result, they tend to be in very good condition when you can find them, and are quite good shooters.