According to my copy ofStandard Catalog of Firearms, it should be worth $250 if in NRA Very Good condition.
numrich gun parts or Ithaca guns U.S.A
The Ithaca model 37 feather-light 12 gauge shotgun serial number 371269762 is valued at $200 in fair condition. In good condition, it is valued at $925.
Made in 1969. If in very good condition these typically sell for $350-$450. They are pretty common.
the age of a 12 gauge Ithaca is : 47,000 years old .
It shouldn't say light twelve on the barrel, but on the receiver. Light twelve means that the gun is a light weight version of the standard Auto5 shotgun.
brand new when it was made 239.00 there still some collectors that will pay a good price for it .....look on shotgun world website
These were actually made by SKB in Japan and imported by Ithaca. Very nice little double, and really well balanced in 20ga. I have the SKB 'Royal Light' which was a similar model not imported into the US. Depending on condition, $500-$700. sales@countrygunsmith.net
The light twelve refers to this shotgun being a light weight model of the Browning auto-5 shotgun.The difference in weight was 10oz.
The book was light as a feather
Requires a gunsmith to look at it.
Your Browning light weight auto-5 shotgun,which was made in the year 1963 will bring between 250-550 dollars,depending on the type of barrel that is with the shotgun,and the overall condition of the shotgun in question.
If it is in very good condition it might bring $300. These guns are pretty common. Yours was made in 1972.