I sold a similar one with no repairs, but drilled and tapped, last year for $350. The buyer and I were both happy. (That was in Pennsylvania prior to hunting season.)
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Is the receiver freckled or just worn?
As for the 24 inch barrel, Tom Hayes wrote in a deer hunting book that those rifles handled well in the woods and give a little more velocity than the usual carbines.
I think his book was, Hunting the Whitetail Deer. Or, was that Larry Koller's book? Good volume to find, by either author. All of his/their gun comments made sense. Both admired Marlins.
Remington acquired Marlin in 2007 and took over production. Many of the experienced workers were lost and the quality declined.Also, what is a "JM" Marlin?