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The value of a 12 gauge Sears and Roebuck single shot bolt action model 14 will vary depending on the condition. If the gun is in good condition, it could be worth $150-$200 dollars.
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It depends on the the number of barrels, year, model, condition and serial number.
It is a Stevens 940B. I have the schematic. sales@countrygunsmith.net
Springfield
sears roebuck and company
http://www.histandard.info/PDF/Sears%20Shotguns.pdf
If that number is appearing on the frame, as I suspicion it is, that is the serial number and not the model number. The model information appears on the barrel and will be something similar to 101.1. In any event, these single-shot shotguns top out at $75. sales@countrygunsmith.net
The value of a Sears and Roebuck 12 gauge shotgun model number 281512651 depends on its condition. This gun in excellent condition is valued between 100.00 and 135.00 as of 2014.
1952 by High Standard for sears& Roebuck
Winchester 1200
$49.95