I have to wonder if looking at these very early guns, as compared to the higher numbered guns we normally see, is a fair comparison? It seems to me that the few guns I have seen in the 3 digit range have not been as well made as those of later years. The metal to metal fit and the wood to metal fit, to me, usually appears to not be as tight a fit as seen on higher numbered guns.
I have to wonder if the quality standards that we expect from Parker Bros. today was just starting to be developed in those early years and this gun is not as reworked as some here believe.
I think those dollar grade guns are always tough to judge, even the grade itself is tough to call most of the time.