Bill: It souds like what your friend might have is a Parker Reproduction made in the 1980's for Reagent Chemical Company by Kodensha in Japan. Tom Skeuse, the owner of Reagent was an avid Parker collector and it was he who approached Winchester that, at that time, was having Kodensha manufacture the Model 101 superposed. These reproductions are very fine guns but not an original Parker Brothers. An original 28 gauge DHE would not have "magnum" engraved on it and would not have factory 3 inch chambers. It would, however, be worth 20 - 30 Thousand Dollars IMHO. The repro would be worth 3 - 5 Thousand Dollars IMHO.
Best Regards, George
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