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The value of a 1923 Iver Johnson top-break .32 caliber revolver typically ranges from $150 to $400, depending on its condition, originality, and whether it has any historical significance or unique features. Factors such as the presence of original parts, the condition of the finish, and any accompanying documentation can also influence its market price. Collectors may pay more for well-preserved examples or those with rare variations. For an accurate appraisal, consult a firearms expert or collector.

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