The Model 21 was made in Grades A, B, C, and D. 'A' would be a rather plain gun, 'B' would have a higher quality of wood, 'C' would have some engraving, and 'D' would be extensively engraved. For the four grades in 80% condition, the Blue Book indicates values of $165, $305, $415, and $715, and in 100% condition, $325, $495, $635, and $1,320.
If you are willing to get your winchester model 21,28 gauge shotgun authenticated by a winchester facory letter,then this shotgun could range in price from 25,000-30,000 dollars because it is generally believed that less that 100 model 21 shotguns were made by the winchester custom shop during the production of the winchester model 21.There was a production of 32,500 model 21 shotguns made between the years 1931-1988.Only 1100 were made by the winchester custom shop.You may get a letter on your winchester model 21 shotgun by contacting the the Cody firearms museum located in Cody,Wyoming.I would certainly have this shotgun valued by a qualified winchester collector assoc.member.
If you have a Standard model 21 Winchester with no ingraving,then the value would be 5,000 dollars for a shotgun with 90% of its original finish remaining.Becauseyou do not say what grade of Winchester model 21 you have,and the overall condition of the shotgun in question it would be difficult to access a distinct value to your shotgun.Be aware that because you have a 20 Gauge the above listed price should be 25% more because of the chambering in 20 gauge.The next values will be for the model 21 custom grade with No 6 engraved receiver.9000-10,000 dollars for a model with 95% of its original finish remaining.The model 21 grand american grade with 2 sets of barrels with forearms and No 6 engraving with gold inlays,19,500-23,000 dollars based on the shotgun having 95% of its original finish remaining.I hope that you find this info helpful.
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