Has a very nice replacement stock but I know it's not original. The forearm is also a replacement 870 wingmaster type. So I guess it is a dog. Since it was such an early model with the hand fitted bolt I thought maybe there was some value. It's the oldest TC I have ever seen but I don't deal in collectable shotguns.
I have a 51' 870 TC and these are indeed nice shooting guns.
I would think that a well worn action and barrel would be worth $300.00
On Gun Broker lately there was a sawed off early TC with the orig. forend and Pachmayer rubber pistol grip that brought $330.00 or so.
Why would someone butcher up a TC when there umpteen jillion field guns around.
On the early TC's that we are speaking of they are ser# with the reciever.
I do not know when they stopped this.
I think the early TB and TC barrels were the same in that the rib on the reciever end is solid for a short length.