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:
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My 4E Knick Serial No. 400,XXX, from 1927:
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First class Trap guns I think.
I'm just finishing up a restoration on a '$2000 Grade' Knick.