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In 1904, a DH grade gun listed for $100, when a Winchester repeating shot gun listed for $18, and lesser double guns could be purchased for $50. It was a major and well considered purchase by your forebear.
We regularly use these guns today for hunting and target sports.
Yours has some cosmetic challenges, that is to be expected, but usually they are nothing that cannot be carefully corrected. Welcome, enjoy and take care of it.
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