I would say #3 frame 12ga guns are uncommon but not rare. Since frame size was not recorded on most orders/records it is impossible to know the actual number (one knowledgeable collector has guessed 1%). They have great appeal to collectors interested in waterfowl guns. The ones I have measured and weighed come in at about 8 1/2 lbs. One had factory 2 7/8" chambers and one had 3" factory chambers. I have seen #3 frame 12ga in VHE, DHE, and CHE. They don't come along every day and nice condition examples are even more uncommon. If you can post pictures and specs it would be greatly appreciated.
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