$400.00 shipped is a great price for an Ideal grade L.C. Smith assuming it is in decent condition and has good shootable bores. But condition is everything, and the smaller bore sizes will have more value than the more common 12 gauge. Condition of the wood and metal, along with amount of original remaining finishes, case hardening colors, etc. all factor into the value.

Try to post some pics when you get it, or a link to the auction, to get a better handle on value.

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