Hi John, having had an early Mercury-S and a late Mercury-S in .177, I can confirm both models have a screw/bolt through the breech. The barrels on the Mercury-S are also thicker in diameter than on the standard Mercury, and the main difference between the Standard and the "S" is that the "S" has an extra link on the cocking mechanism which enables the stock cut-out on the under side for the "S" to be about 3" long instead of 7" as on the standard. The only difference I ever noticed between my early and late "S" was that the walnut stock on the early version was a very dark brown and deep red swirl American walnut, whereas my later one has a golden brown Turkish blonde walnut. Both seem a much softer shoot than the standard Mercury (of which I also have an example), but this may just be me? My early Mercury-S was considered a steel when I bought it a little while ago for £175 plus post, and if you want a later blonde walnut one in vgc, you'll get no change out of £250. All my Mercurys are in .177 though so sorry, can't advise on prices of an "S" in .22, but I would best guess them to be about 15% cheaper as with the standard models (hope this helps ). ATB: Gareth W-B.