Very nice condition. If an excellent bore I put it at $500+. I've noticed over the years that well worn 32-20 M&Ps sell for much less than comparable 38 Special M&Ps. But examples in fine condition will sell for more than equivalent 38 special models. I believe it is a matter of ammo cost.
I have three 32-20 HEs. All showing much use and wear, though they still are good shooters. The most I've paid was $140.

John