The Model 12 is very collectible and in great demand. It is seen in many combinations of gauges, barrel lengths, ribs and stocks, all of which determine value.The more rare a particular combination, the higher the the price. The Skeet Grade was manufactured from 1933 to 1963.
Values listed for the Skeet Grade are: excellent-$1500, very good-$1200, good-$900, fair-$600 and poor-$350.
For guns with a solid rib, add 20%, with a Winchester Special Rib, add 30%. For guns with a milled rib, add 40%. Add 20% for 32" barrels on any Model 12 model. Add 30% for original box and papers. I can not find any mention of a Cutts Compensator in any of the books that I have. I have never seen one with a compensator on it and I have probably worked on or seen over a hundred different Model 12's. I also checked on Rock Island Auctions, Auction Arms and Gun Broker. It may increase the value.
I hope this helps you,
I found another one with the Cutts Compensator on it mentioned on the Firing Line Forum. No mention of values, they were just talking about compensator's. One guy had brand new, in the box complete sets for a 12 gauge.
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I will make a couple of calls tomorrow and try to get some more information for you. No guarantee, It seems like they are pretty rare. I will talk to the owner of the store I do repairs for. He deals directly with Winchester and has been in business for 64 years. Will also try Winchester historians.
No problem, you have me curious about it now.
I'm really sorry, but I have bad news for you. According to the Blue Book, on trade in, subtract 50% for factory Cutts Compensator.
I have spent a lot of time on this one. I hope you have all of the info you need.