Mark,
You are looking at a model 120. The 120 was the same as the model 118, except the 120 had fine damascus barrels instead of Krupp fluid steel barrels. Both guns retailed for $125 in the 1899 Schoverling, Daly, and Gales catalog. That date is within a year or three of when this gun was produced. While the model 118/120 was the most basic of the Daly hammerless models, you can see by the price that even the lowest grade Prussian Dalys were several steps above most "field grade" offerings. For comparison, see what $125 would have purchased in a Parker during that vintage.
BTW, the DOH sounds very good (assuming the DOC is less than 1.5").
In regard to value, I'm going to waffle a little as it is hard to judge value without at least a picture. Assuming the gun has not been chopped, hacked, buggered or otherwise messed with, has a little CC remaining, etc. I think you are looking in the ballpark of $1600-$1700 for the gun. (I'm assuming this is a 12 gauge gun; prices go up dramatically if it is a smallbore.)
Sounds like an interesting find. Neither #453 or #853 are in the database, but I'd love to add them. Drop me a PM if interested.
Thanks,
Ken
