The value of ANY firearm depends on the exact make, model, condition, and originality. For instance, a Excellent condition Japanese type 38 Arisaka, with the chrysanthemum marking intact (indicating captured in combat, not surrendered at war's end) might be worth $500, and a similar rifle with a ground off marking, and converted to civilian sporter style, might be worth $150. YOUR rifle will need a hands on assessment from someone that knows Japanese firearms. Check w/local guns shops, or take it to a local gun show.
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Your japanese Rifle is actually in 6.5mm jap.this is a .264in diameter bullet,not a .257 in.diameter bullet.These rifles hav been selling on gunbroker.com for between 275-400 dollars lately depending on overall condition and a decent bore.