My 2 cents.
1. Possible but not for today's 3 inch shells.
2. Very possible. Ithaca sold guns by the pound so to speak.
3. Probably not a serious issue but have it check by a double gun smith.
4. Very common for this era. Not a bad combo for today IMHO.
5. See #2.
6. That is not a lot of money for a vintage graded gun.
I strongly suggest an inspection by a knowledgeable gunsmith.
If you will pm me the serial number, perhaps I can verify the barrel length.


Walter c. Snyder