Guest,
Well we are drifting toward the lower end of the range. The 26 inch barrel was standard as was the cresent butt plate. If you refinish the wood you may as well use the rifle for a fence post as far as collectors are concerned. You might get more from the guy down the street for the rifle but probably wouldn't pay for a quality job. Original condition tends to be more valuable than refinished. The model 1894 was the first Winchester rifle designed specifically for smokeless powder. Hence the barrel markings. The receivers on Winchester always tend to have less blue than do the barrels and magazine tubes. If the bluing is mostly gone off all the metal parts or the rifle is real brown in color you are looking at
maybe $1000. Probably less. The attached photo is about a $700 gun. There are just so many Model 1894 rifles out there that they have to be very nice to command much of a price. Hope this helped
2bit