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Their are 8 different versions of the No 111 model 40. Each with a slightly different value. In good condition the range is some where between $75 for a newer version to $400 for the oldest version. I suggest you go to a book store and look up a book called "Bluebook of airguns 8th edition" and read up on the No 111 to identify your particular model.

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Q: What is value of a red ryder number 111 model 40 in good working condition?
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