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The value of an early 1950s Ithaca M37 16-gauge with a poly choke can vary based on its condition, originality, and market demand. Typically, such shotguns can range from $300 to $800, with pristine examples or those with historical significance potentially commanding higher prices. Factors such as wear, modifications, and the presence of original parts also significantly influence value. It's advisable to consult current market listings or seek an appraisal for a more precise evaluation.

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