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Their are 8 different versions of the No 111 model 40. Each with a slightly different value. In good condition the range is some where between $75 for a newer version to $400 for the oldest version. I suggest you go to a book store and look up a book called "Bluebook of airguns 9th edition" and read up on the No 111 to identify your particular model. Your would be in "Fair" condition.

Or, you can contact Daisy directly. They offer a free service to estimate value of older Daisy products. (See in link below)

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