There is no evidence the barrels were "cut" down, and I'm pretty sure they weren't, they may have been opened to skeet/skeet, which is not unusual.. but thats not going to hurt the value much.. as many of the shooters on here open up there chokes to accommodate their shooting style and/or discipline, and being its a "beaver tail" gun "adds" value, not take away from it (according to the gun value guides).
I think your wrong when you say its only worth 1/4th of a regular V grade. the condition should set the price value.. (its not in "untouched" condition) i admit that, but it hasnt been butchered either.. It may be in the lower end of the value guide scale due to very little case color, but everything else is pretty nice.
I'll try and get some pics up so you can see it later.
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