V grade guns are difficult being a field grade gun. They are rarely a money making endeavor when restoring them unless they are first bought right, and then if they are a small bore or have some very rare features.
You are in a different situation. It is a family heirloom which owes you nothing by way of money. And honestly, a good amount of people spend money on restoring guns like your even though they may not be "worth" it. If it was not for "grandpa's shotgun" a lot of firearm restorers would not get a good amount of the business they do.
Put the money subject aside. You have to look at the condition of what is left on the gun. If the barrels have nice bores and are tight, and the frame has no major pitting or engraving wear, it would be a good candidate for restoration.
It is my opinion, to get back on the money subject, that since the gun owes you nothing, if it is a good base for a proper restoration, I do not think you would be upside down on it in the end.
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B. Dudley
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