Value is determined by a number of factors, including age and condition. To determine the age, check out OldGuns.net with your serial number in hand. 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. 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. 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.
The "WS" on a Winchester Model 12 stands for Winchester Skeet and it has a full solid rib and is a reasonably rare find these days. As a rule, "WS" stands for "Winchester Special", I've never heard of it in relation to a shot gun. So far as I know "WS" only refers to rifles. Where did you see the mark? it may be an inspector's stamp.
A Winchester model 1894 chambered in 32 Winchester Special and made in the year 1923 could have a very high value if it is in very good shape(50%-80%)of its original finish remaining,and ordered with any special order features(octagon barrel,checkered wood,half magazine,shotgun style butt stock,etc.)as a general rule if yours is a standard model 1894 rifle the value will be between 375-600 dollars.If you have any special order features then the value could exceed 1,000 dollars easily.I would have your rifle looked at by a member of the Winchester collectors assoc.to determine the correct value of your rifle.
Your serial number indicates that your Winchester model 1894 rifle was made in the year 1903.A value cannot be established without a much more detailed description of your rifles overall condition to include the amount of original finish remaining in percentage terms.50% represents your finish has half of its original finish remaining.
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