It was made in 1939. As for the value, like all Winchesters (and old firearms, in general), its all in the details of its exact configuration and the details of its condition. And most important of all, whether it has been "messed" with (ie reblued, refinished wood, drilled and tapped for scopemount etc. original sights etc.) The question of value is a huge and very complicated one and you would need to have it appraised by an experienced Winchester collector/historian. This will cost you $50 to $100 and you shouldn't sell it to the guy who appraises it after he is done, under any circumstances. If he offers to buy it for his appraised value, then add 30%-50% to the value he gave you and walk!!!! Unless it is a "rust bucket" or a "basket case" (completely used-up), it has a value of between $250.00 (for parts, which could be sold on eBay including the reciever, which would have to be sold on a firearms auction site)and thousands of dollars, depending on the above variables.