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There's no special collector's value attributed to it (over/above most other M37's in like condition), so use it as you wish, or alter it if you want, since the value wouldn't change very much no matter
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Not true. If you follow the price of old Ithaca 37's, you will see that they are appreciating in value pretty quickly. Locally here, a beater 16 goes for almost 300.00. There is a not bad 16 for 550.00 local.
The older they are, and in good shape, the more they are appreciating in price. Add in that a new one goes for 800.00 plus, then the old ones start looking pretty attractive, especially for a gun that was largely hand fitted.
If he chops the barrel, or otherwise alters it, it quickly falls down into the realm of a parts gun, as it will no longer have any value to folks that collect Ithacas.
Losixxx
there are a couple forums especially dedicated to Ithaca owners/fanciers
http://www.shotgunworld.com/bbs/view...d5040bd0bb5e93
http://www.ithacaowners.com/index.ph...0d9022a3554f80
you can join these and get some more information about your gun. there is lots of knowledgeable folks/collectors on these sites