Frank: I will jump in here and stand to be corrected. In it's current state, there is limited "collector" interest. If it is a safe shooter (qualified gunsmith examination), I'm guessing it is may be a 500$ gun or less. If you are wanting to sell thinking it was worth a lot because it is a Parker, I think you will be disappointed. On the other hand, if you want to keep it as a family heirloom and want to restore it to the point of the pictures shown, you are looking at 2000 plus I think. All you need to not have any further spots is to give it a light coating of gun oil. You can likely remove the metal blemishes with just a bit of Hoppes #9 and some elbow grease with a soft cloth or less elbow grease with some light rubbing using 0000 steel wool or bronze wool. You could also use rust/blue remover from Birchwood Casey.
I'm a sucker for family guns. I would minimally thoroughly clean it up and if my family member had special significance in my life, pretty sure I would throw away some $$ and then shoot the heck out of it chasing birds.
Cheers,
Jack
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Hunt ethically. Eat heartily.
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