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...some of the clones actually cycle better than the originals, making them far-more useful as shooters. If that's the case here, what is a nicely executed clone worth? Certainly not the $3,500 cited in the Bluebook but likely more than your average Plain Jane 20, right? I'm guessing that if you could pick up a decent copy for $1,500 or so,...

FWIW, I picked up a 28ga conversion gun for $1300 a few years ago. It's a "high grade" conversion with fancy wood and fine checkering, engraved silver grip cap, and a very non-factory rib matting, probably a late 70s/early 80s conversion. 100% condition, much nicer than most factory guns and no attempt to make it look factory. May be a $1500 gun today, maybe.