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Mike Hunter, of Hunter Restorations does excellent work also, and can make period correct barrels for Winchesters.
I'd say that the values expressed so far may be a bit high. I've seen hundreds of older 94's at the Cody Winchester shows. It is an early gun, but has been modified quite a bit, and condition isn't the best. If it's a family gun, then the value doesnt matter much. Parts can be had. Looks like the lever is bent also.
If you want to keep it as is, then just clean it up, shoot it and enjoy it. It wouldnt be too hard to find the needed parts to get it back closer to original condition tho, but the barrel being cut an inch will be hard to deal with. The front magazine band was originally in front of the front sight in that period.
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