I agree carving is nicely done, well cut and deep. But when a rifle, regardless of quality, has been heavily modified...in this case by the barrel & forestock being excessively shortened and original nose cap and at least one original pipe gone, not to mention a couple of wood slivers, it becomes one of those questionable pieces. Do you leave it as is, or do you restore it? The more extensive the restoration, the more it impacts value. If left as is, it shows its original carving quality and box well, but is not an attractive rifle to many collectors. If restored, it's a major barrel job.
As I've gotten older, I have less interest in getting involved with heavily modified rifles...too much work to bring back to original appearance, and too much uncertainty on how it impacts value. We all have opinions, and they vary on this type "once great" rifle in this condition...and that range of opinions, or uncertainty, impacts value now...and perhaps even more in the future. Shelby Gallien