When the first Ithaca 4E Knick (Serial Number 400,000) was offered online for $6,000, I cannot say I was not tempted.
But when the first in the series is $5,000 more than the same gun built two years later, it did not seem like a good deal.
The first 4E Serial No. 400,000, from 1925:
My 4E Knick Serial No. 400,9XX, from 1927: