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I'm considering a beautifully refinished and intricately engraved (30+ years ago) VH 16 GA. "O" frame. It's got gorgeous English walnut on it and is generally in very nice condition.
But, the barrels are both significantly pitted (but have been judged safe by a gunsmith) and there is a little play in the action.
The question how much might the pitting reduce the gun's value? The seller is looking for about $3K.