first you need to rate it according to the NRA rating system. This is tricky and if you don't know what you are doing, take whatever condition you think it is in and lower it unless you know that it has hardly ever been used. It is rare to see one of those guns on the market in better than 90% condition they are almost always well below 80% condition. At that point you need to decide if you think you can sell it as a collecters piece which good luck, or as a nice shooter. Try to find one for sale in your area and price it off of that. I would be careful pricing stuff off of on-line sites unless you are willing to to go thru one of those sites, They sell world wide you are selling in your area, what they can get has no bearing on what you can get for it. Also it is important to remember the conditon is ORIGINAL condion. any gun that has been retreated, refinished, new blue, new parts, etc is below %50 conditon and is only being sold as a shooter. It does not matter if you can make it look like it did when it left the factory floor unless you are into selling fakes. If you honestly think it is 90% or better condtion then you stand a chance of getting $3000.00 or better for it. But like everything in life if nobody is willing to give you more than $400.00 for it then it is only worth what someone is willing to pay. So take the low price or hold onto the gun till inflation catches.
The 1886 date you reference is the patent date for the Model 1887 lever-action shotgun. The collector value can only be assessed by a visual inspection & evaluation. Old Winchesters are very much like old classic automobiles... the graded condition and factory originality are the key factors in determining what they are truly worth. Bert H.
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