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Just the solid block of steel billet that the Model 12's receiver is milled from would cost hundreds today.
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If receivers made of steel are important to you, the Remington Model 870, the Browning BPS and the Ithaca Model 37 are three shotguns that I'm aware of that are still constructed with steel receivers.
With its tang-mounted safety and bottom ejection, it would seem that the Browning BPS would be just about ideal for a southpaw's shotgun. I like mine a lot-even if I am a northpaw.