This is a very nice shotgun with the woodstoc quite nicely refinished, natural and steel-wool finished with a polyuerathane finish
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$450-$500 in excellent condition. $200 for a beater. sales@countrygunsmith.net
It's a Lewis or NIG model, built in 1903. Value is from $50.00 for a wallhanger to $1000.00 or more for one in new condition.
Perhaps you mean 1907. In any event, it is the 'Crass' model Ithaca shotgun made in 1902. Value is dependent upon grade and condition. sales@countrygunsmith.net
I think what you have is a model 49. Get out the magnifying glass and take another look.
About 150-200