Well, i would not put too much trust in a local Pawn Shop owner to be a great judge on assessing condition of collectible shotguns.
Based on what you have shown. The gun appears to be solid and all there with no serious issues effecting shootability. Providing the barrels and bores are not compromised in any way. However, the finish condition is overall poor. This is really a 10-20% gun in a condition scale and it has the issues of blued barrels and a partially wiled out makers mark. Not that the gun may not be a good shooter, but it holds not much value in the condition category.
If your question is about value, it is more of a $500-700 gun. Give or take.
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B. Dudley
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