As a shooter, it'll certainly have value. Any collectible value would hinge upon whether or not the gun's configuration matches the serial number record from the Winchester records.
It'll certainly be worth more than 50 bucks, but it won't be worth as much as a similar condition, all original rifle. I wouldn't let that worry you, though - think of it as a legacy from your grandfather and enjoy it that way.
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Well we don't rent pigs and I figure it's better to say it right out front because a man that does like to rent pigs is... he's hard to stop - Gus McCrae
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