The Crown Grade was made by both the Hunter Arms Co. and the L.C. Smith Co. A total of 890 Crown Grades were made. It could be ordered with 26"-32' barels of Nitro Steel or Damascus. Bored to whatever chokes you wanted. You could get it in Featherweight or Regular frame. A gold crown emblem on the top lever was standard. Introduced in 1913 and discontinued in 1945.
As you stated it has a hang tag specifying 3" waterfowl gun. Does it have Wildfowl or Long range on the barrel lug coming through the receiver? This gun would only be made in the Regular frame and not in the Featherweight. Plus it should have 3" chambers on the barrels water tables.
The 20 ga. Specialty Grade is no slouch either. Having ejectors and 30" barrels makes it a little more hard to find.
20 ga guns from L.C. Smith are all on the Featherweight frame. There has been discussion on 20 ga. Regular frame guns, but none have surfaced yet.
The easiest way to tell a Featherweight from a Regular frame is the number of screws in the side locks, 2 on one side of the Featherweight and 1 on a Regular frame. Plus the bottom lug is bigger on the Regular frame.
Blue Book of Gun Values 26th Edition lists the Crown Grade 95% condition=$7,000, 80%=$4,500, 60%=$4,000. Plus $500. for ejectors.
Specialty Grade: 95% conditon=$2,500, 80%=$1,800, 60%=$1,500. Plus add 50% for 20ga. and $500. for ejectors.
So now in "perfect condition" as you stated Crown Grade=$7,500.
Specialty Grade in same condtion=$4,250
This condition will most likely vary upon different people.
Good luck. David
