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hello,,the browning "light 12" wasn't made in 1949 according to my books,,they made the auto 5 in 1936 but the only light12 listed in my books was made in 1975 so i think your date is wrong,,the wood being sanded takes alot away from value as does the champion variable choke since browning didn't use a variable choke,,so if your shotgun is a light 12 as you said it should be marked on the barrel that it was made in japan by Miroku but doesn't mean it's inferior but with the stock sanded and someone instaling the choke on it i'd say it's only worth somewhere in the 200-400 range,,mabey a little more but if someone wants a good hunting shotgun..so double check how it's marked and see if the barrel is marked with japan,,if not let me know exactly what is marked on the receiver and the barrel and where it say's it was made,and mabey i can give ya a better idea of the value..
bigcurt
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