see post below. I re-posted instead of editing.
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I guess the lighting and my eyes were playing tricks on me. I looked at the photos closely and was sure it had a solid rib.Sticking a tape down the bbl to the bolt, the bbl measures 20.5".
I am not sure what you mean by a solid rib. There is no rib on the barrel. Smooth and round.
I believe you have an extra digit in your serial number posted above. The 800K range would be correct for a commercial riot gun.
The commercial riot guns were made with takedown frames beginning in 1935 so that is correct.
The top of the frame has what looks to be a matte finish on top of the beginnings of a rib. Riot guns were smooth on top of the frame.
I was looking at the matte/rib on the frame earlier and wondering if the barrel had been swapped, but if the serial numbers match...? I had also wondered if this was a cut down barrel, but the barrel would have the rib also, unless it was originally vented and subsequently removed.
If the barrel and frame serial numbers match, it could be that Winchester used a leftover frame to build this shotgun. Since this was not a military version, it did not have to meet military specs. I'm personally skeptical about this, but it being a wartime gun and not for the military, I guess anything is possible. We've all seen parts clean-up and transition guns from Winchester, Marlin, S&W, etc.
That's the problem with a refinished gun, its hard to tell what was done prior to the re-blue.
As far as value? I would need more pics showing detail of the wood and the re-blue. How heavy was it buffed, barrel address and markings, etc.