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Belgium made Hi-Powers are most valuable. I do not know what they are worth in their original state but a fair market value seems to be in the $900 - 1200 range.
Is this a Inglis made Hi-Power...
I too was thinking $500 maybe a bit more if it has not been too horribly molested. The re-finish will make it even more difficult to obtain a good sight picture on the marginal/horrible HP sights. Some HQ trigger work, a Bar-Sto or other SS match barrel and all bets are off. As it is, it's only a shooter grade, no matter what.I'm going lower than anyone else- small single side safety and biting spur hammer- C series maybe ?
looks like Sniper grey cerakote or similar- possibly some pitting covered up at the front of the dustcover
It's value is as a shooter, so I'd put it $500 tops .....and as a shooter, well, there's plenty of surplus MkII and 3's with better sights and better ambi safeties at around the $450 -$500 mark. Yeah, they'll possibly look a bit rough, but they're usually ( given the trigger ), pretty good shooters