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Nice looking rifle. That said most commemorative rifles made in the last 50 years are worth less today than they sold for new. The seller would have to contend with a very limited market for this particular rifle. The best way to sell it would be with one of the national auction houses.
 
That rifle belongs in a very, very nice glass case on the wall of a very, very nice shop. I can't imagine who in Longview would go for it outside of a commercial buyer like Gator's, or Bob's Merchandise.
 
just like cars, when you customize it, you don't get your money back and it drops the value...

it's very pretty, but probably not worth much more than the non-engraved version (and depending on the market, probably worth less)

I would say make an offer to your friend and keep it...
 

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