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It is whatever the BATF (Bureau of Alcohol, Tobacco, and Firearms) says it is since they do the legal defining of firearms. Since Cobray did the modification for sale, I suggest that you ask them, since they surely vetted the firearm through the BATF before selling it.

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Q: What type of firearm would you consider a cobray modified dd cal 45 r00000423 made by leinad inc in ducktown tn to be a double barrel shotgun or a double barrel riffle and give estimated value of it?
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