The serial is usually found on the right side of the water table, on the barrel flats, and on the forend iron.
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According to a table in "Ithaca Gun Company from the Beginning" it was made in 1901.
For whatever help this is on 20 Aug 05, I am holding an Ithaca M49 which shows that the serial number is 9 digits long and stamped into the left front side, parallel to the barrel, and forward of the trigger in the action case. I hope this helps, Brad This is 28 Aug 05, my Ithaca M-49 has a 6 digit serial number, and is also stamped on the left front side, parallel to the barrel, and forward of the trigger. Dan The earliest (around 1962) models of the M49 Saddlegun didn't have serial numbers. The serial numbers were added to the lower left of the receiver in the later 1960s as required by the gun act of 1968. I don't recall the exact dates.
1893 It was made in 1893 Made in 1893
bout 50-100 years old
In order to answer this question one would need to know the model number, serial number (not essential, but helps date it), and its condition. If it's an Ithaca, as opposed to an Ithaca SKB, it would be a Model 51, and probably worth in the $300-$400 range.