Good M'95 Mausers are not generally available on the surplus market.
The M'95 Mauser is often considered a variation of the M'93 Spanish Mauser. In its day the M'93 Spanish Mauser was probably the finest military rifle available. Spanish M'93 rifles captured in the Spanish-American War were studied by the United States Ordnance Department and led to the development of the 1903 Springfield.
The M'95 Mauser was adopted by Mexico, Chile, Uruguay, the Orange Free State, China, and Iran. Those most frequently encountered in the United States in shooting condition seem to have Chilian markings. These were factory chambered for the 7X57 mm Mauser cartridge. Military surplus ammunition, commercial sporting ammunition, and reloading components are all generally available.
Some 1895 carbines have been offered recently which have been converted to 7.62 NATO and are advertised as being .308 Winchester. We do not believe these conversions should be trusted. Some companies offering these guns caution that they should not be fired. While the 7.62 NATO and the .308 Win. have the same exterior dimensions, .308 Win. ammunition loaded for modern sporting rifles may be too much for these old guns. In the same way, 7.62 NATO ammunition intended for use in machine guns should NEVER be fired in these rifles. Remember that the M'95, like the M'96, is not much different from the M1893. They are fine rifles when used with the ammunition designed for them, but they are NOT M'98 Mausers and are best left in their original chambering.
FIELD NOTES: The common service load was a 173 gr. bullet at 2296 f/s. We used the Hornady 175 gr. .284 Spire Point at 2053 f/s. The accuracy was good (10 shots groups under 3" at 100 yards), but the recoil became uncomfortable by the end of a 50+ round match. We will try again with a lighter bullet, and post our results here.