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The rust patches you described and the non-original pad would affect the value. Cleaned up with the oxidation removed from the wood, a retail dealer would price that gun between $7,000 and $10,000. The basic condition of the gun appears to be excellent in terms of blue and case colors. The size and depth of the "rust patches" would be most critical as fixing them destroys originality.
The Following User Says Thank You to Bill Zachow For Your Post: