The opinions expressed above are completely correct. When it comes to market value of a gun, the configuration of the gun and condition are what determines value. Your gun is a base grade gun which is very common and the condition is low. Pretty much operable with some repairs, but low. So, call it fair, not poor. The barrels are cut, which also hurts the value a lot. One, they look cut at the muzzle, and two, your serial number 199859 is listed in the book as a 30" gun. Further support that it has been cut back 2". Honestly, the gun is worth no more than $300-500 tops. Like others have said.
The points that you mention like it being made in 1922, and it being used as a tool by the family do not come into account much when it comes to market value. The age of the gun means nothing really. So, it is old. Every Parker Shotgun is. And the family attachment and memories and such are sentimental, which mean everything to the members of the family, but not much to anyone else. Sentimental value can be a major driver for people to spend money on things like restoration, and that is fine. If it were not for "Grandpas Shotgun" many restoration specialists would not get the work that they do. But when talking fair market value, it does not make sense to anyone else.
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B. Dudley
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