I know for a fact that the "lightweight" version of the model 70 was made in 1985 and 1987. There was a short action "carbine" lightweight, and a lightweight with the longer barrel. Mine was made in 1987, and has a slightly lower serial number G1903xxx. Yours was made in 1987 and is probably the longer barreled version like mine, also a .270.
As for value, I paid 470 for mine @ a gun show, so it is by no means a collectible, but I could not ask for a better shooting rifle.
condition of rifle is very good, it also has a 3x9 leipold (sp?) scope.
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