Your Model 1894 SRC is a rare configuration, but the graded condition is lacking and negatively influences the value in the collector market.  Pistol gripped SRCs are not common, and one with a “Rifle” butt puts it in the “rare” category.  

These are the issues that I see that will negatively affect the value;

1. The 3-leaf Express sight is damaged (broken leaf).

2. The crescent butt plate has a fair amount of scaly rust patches all over it.

3. The stocks are a bit worse for wear, and the checkering is weak (possibly an old sand & refinish job).

4. The barrel bands are either replacements, or have been refinished (the front barrel band is installed backwards).

5. The original factory bluing on the receiver frame is very thin, and no case colors remain on the lever & hammer.

6. The barrel has freckled rust spots all over it (I suspect the magazine tube does as well).

You did not mention the condition of the bore, and the early 25-35 WCF caliber guns are frequently found with poor bores.

Most (but not all) Model 1894 collectors would pass this rifle up in the search for a better one.  Those that might be interested in it, are going to balk if the price tag exceeds $1,500.

Bert

steve004 said

My sentiments precisely.

Here’s another very special order carbine that haunts me.  I passed on it 9 years ago.  It was a lot of money.  Still, in nine years I haven’t found another:

1894 SRC semi-deluxe, #1000xxx, 32-40, plain pistol grip uncheckered w/carbine butt and stainless barrel, 80% japan finish, 95% magazine, 30% receiver, excellent wood and bore.  $8500.  

Can’t own them all 😉  

Steve,

It was serial number 1000890, and positively a “one-of-a-kind” Model 94.

Bert