The rust on the barrels looks quite deep and ugly. The rest of the gun looks great/fine. I would replace the pad and re rust blue the barrels. I terms of value it's all about the restoration of the barrels in my opinion. If the pitting is too deep to restore the gun has very modest value. It also appears the forend lug was resoldered at some point and the LOP looks very short based on the distance from the gold oval to the end of the stock. If the barrels can be restored the value doubles. It's a roll of the dice gun but it's a B!!.
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