I had a new condition 12 gauge Model 700 that went to a happy buyer. It was about 10,000 serial numbers earlier. My memory says this gun has higher quality wood and wood finish. Engraving ? From memory, I can't say. Certainly the bluing and case colors on this one stand out. But I cannot say they are better than the 100% gun. As Roy Hebbes points out, the 3" chambering seems unusual. Possibly in 20 gauge the 28" barrels are not the most common. I agree with Brittany Man's thoughts. Who knows for sure, but it's a nice example .