Mike, it's too bad about the barrel condition. To find a set of shootable barrels and have them properly fitted to your gun would cost more than the gun would be worth but that is your choice. It looks to be in pretty decent condition otherwise but it is a wallhanger or parts gun as it is. These old hammerguns are a real hoot to shoot, especially at live game.
Yours must have been made around the time Parker Bros. started the rib matting. I have seen guns later than yours without the matting.
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