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If it is in very good condition it is probably worth around $175 - $200. I assume that it is the Model 49 R Saddlegun, introduced in 1968 and discontinued about 1972. Retail price in 1969 was $59.95. Ithaca also imported a similar gun from Germany - the model 72, between 1973 and 1979. They both have a 15 shot capacity tubular magazine.

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