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The above estimate is maybe optimistic. Yours is not in collector condition. Its a shooter and it appears someone tried to clean it up with emery cloth. If it functions fine, there is probably a 32-20 shooter out there that will buy it, even though a army special/official police or police positive special in 32-20 would be more desirable as it has a more modern action should something ever break. The above guns are slow movers even when chambered in 38.