According to OldGuns.net, the year of manufacture for serial number 1540858 is 1949. Of course, value is determined by a number of factors in addition to age. To get a reliable estimate of the value of your gun, see a professional appraiser. If you just want a basic estimate, buy yourself the current Blue Book of Gun Values. This is considered the most accurate source book for gun values. You will need to determine the condition. Look up the NRA Condition Grading Definitions For Antique Firearms. You can find these in a number of places. Try searching for "NRA Condition Grading Definitions For Antique Firearms" using the Google search form to the right. Be realistic in your appraisal. Ultimately, though, value is subjective. Value is based on the worth to an individual collector. What's more, the sentimental value of the gun to you could be much higher than what a collector will pay for it.
Very little, and possibly worth 10-years ina federal prison and a $250,000 fine if it is found to be any fractional bit less than 18-inches. Winchester never made a Model 97 with an 18-inch barrel, so what you have is a non-factory cut-down gun. The shortest barrel length made by Winchester was 20-inches.
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