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Gary, Your Parker 123336 is listed in the "Serialization Book" as a V grade 16 gauge gun with 30" barrels and a pistol grip stock. The "badge you refer to was standard on Parker Bros. gun in the V,P and G grade guns. Guns of a higher grade and an oval shield.They were for initials or sum such.
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"Much care is bestowed to make it what the Sportsman needs-a good gun"-Charles Parker
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