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With the existing stock and forend and the receiver being drilled and tapped for that side mount I don't think it has much value right now.
If you go to the trouble and expense of a re-blue you should also replace or maybe refinish the wood and lose that recoil pad
Next either put a better scope on it or remove that side mount and use filler screws for the mounting holes.
In the end you will have a better looking rifle but I doubt it will rise in value to the amount you will have invested.
BUT it should be an interesting project.
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