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"J.C. Higgins" was used by Sears as a brand name from 1946 to 1962. That should gve you a general idea of age. As far as I can tell, the 16 GA was manufactured throughout that time period. As for price, I payed $225, and have seen them from 175 to 250 depending on condition. For a more certain answer, check out the gun bluebook.

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15y ago
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Q: When was a JC Higgins 16 ga double barrel model 1017 manufactured and how much is it worth?
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