Depends whether you are looking for a qualitative answer or a quantitative answer. Quantitatively, the M1 is no longer available new (as its been replaced by the M2, M3, & M4). Used M1s can be had for $700-$850. Now for the Qualitative Answer; the value of an M1 in a tactical or sporting situation is that you can deliver up to nine loads (seven in the magazine, one in the chamber, and one in the loading gate) of 12 gauge ammo as fast as you can pull the trigger. I put 200 rounds through one yesterday. Seven rounds down range before the first hull hits the dirt. That's what I call "value." Remember, when it comes to a gunfight, it is better to give than to receive ... and better to give more, faster.
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