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here are some pics of the victory model in question thanks again. tim
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Barring any significant blemishes that aren't visible in the photos, that's a really clean Victory, certainly above average! I'm going to up my estimate to $400-$450 based on condition, with a couple of notes:
1) The serial number should be repeated on the cylinder face and the underside of the barrel above the ejector rod. It should also be found stamped on the inside of the right-hand stock; unscrew the grip screw and
g-e-n-t-l-y pry up and pop off the stocks to verify. (I use a popsicle stick filed down to a tapered point for this.) Non-matching numbers indicate replacement parts, which hurt value.
2) Any marking on the gun with possible U.S. military significance will boost the gun's value.
3) I don't know how familiar you are with U.S. firearm sales regulations, but this gun qualifies as a Curio & Relic (C&R), so it can legally be shipped across state lines to a private citizen with an 03 C&R collector's license. This will make it easier to sell it for its full value on venues such as GB, online classifieds on the S&W forum, or taking it to an out-of-state gun show. In other words, your friend isn't restricted to cosignment at the local gun store. More info can be found in the TFL Curio & Relic forum.
(Mandatory discliamer: the M36 is not C&R-eligible because it's not old enough.)