If the gun is in good condition with no rust it would be a great mantle piece. Because of it's age(?) it might not be as safe to shoot modern ammo. For this, the guns' money value would be approx. $65-$125.
The name American Gun Company was a trade mark of the Cresent Firearms Company.This company was in business from 1888-1931.The double barrel shotguns of this company were started in the year 1891.The Knickerbocker shotgun was started during the 1900,s.The knickerbocker shotguns were of a barrel length of 14 inches and chambered in 20 gauge.The barrels should be of nickel finish.A case hardened receiver,and pistol grip stock.
Your shotgun was actually made by the crescent firearms company,and distributed by H&D Folsum Co.These shotguns are currently priced at between 140-240 dollars,whether they have a hammer or hammerless configuration,and whether they have a damascus,or steel barrels.These shotguns were made roughly between the years 1895-1925.
American Gun Company was a trade name used by Crescent Firearms for H.D. Folsom at their retail outlets. Make sure you have it checked by a gunsmith before you shoot modern shells with those Damascus barrels. Jay Gentry Shotgunworld.com yellopops - How old is your friend? If he's over 200 years old, you may be wrong. 28 guage has been used since the days of muzzle-loading guns and is still being made.
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