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Current Market Value of a Ithaca 37
How much is an Ithaca 37 worth today? The average used pre-1975 Ithaca 37 is worth $130 to $500, but rarer versions cost more. 1975-and-later Ithaca 37 shotguns are often worth $400 to $1600 used, and $1200 to $2150 at retail.
What Affects the Value of an Ithaca Model 37?
The value of a used Ithaca 37 shotgun is affected by the gun’s condition, its variant and the variant's configuration, barrel length, and its accessories or upgrades.
Value Factor 1: Condition
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The main factor that affects the Ithaca Model 37 market value is its condition. The better the condition, the better the price.
If you want to know your gun’s condition, you can get it graded by a professional, but this can cost money. We do it for free at Cash for Arms, however. Just submit your gun’s details online.
After finding your gun’s grade, you can check these tiers below for estimates.
Like-New or Mint
- Close to Ithaca Model 37 price at retail
- Unused and properly stored
- Fully functional, aesthetically perfect
Excellent
- About 10% less than mint
- Barely used and properly maintained
- Fully functional
Very Good
- About 20% less than mint
- Used, but properly maintained
- Fully functional
Good
- About 30% less than mint
- Used regularly but properly maintained
- Fully functional but some visible used marks
Fair
- About 40% less than mint
- Used regularly and unmaintained
- Some functional issues and prominent marks
Poor
- About 50% less than mint
- Unmaintained and neglected
- Heavy marks, rust, dents, possibly broken
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Value Factor 2: Ithaca 37 Models or Variants
The Ithaca Model 37 has many variants. Those can be classified by date of manufacture: pre-1975 and 1975-onwards.
Pre-1975 models feature “slam-fire,” allowing rapid shots by holding the trigger while pumping. 1975-onwards models removed slam-fire and have higher retail pricing.
This means some Ithaca 37 variants will have an old (pre-1975) and new (1975-and-later) version. The old versions will usually cost less than newer ones... but also tend to sell faster.
Note that the variants can also come in multiple configurations (gauges, stocks, etc.). This accounts for the wide spread in price ranges for both used and new guns.
Ithaca 37 Value
The average used Ithaca 37 is worth $400 to $1050. A new Ithaca 37 sells for around $1200 to $2150 at retail.
The original Ithaca 37 shotgun, first produced in 1937. It’s still in production today, with the main change being the removal of the “slam-fire” in 1975. It quickly earned a reputation for reliability, especially thanks to its unique bottom-eject design.
Note that early models were chambered in 12 and 16 gauge only, and some older guns may not handle modern high-pressure loads.
Ithaca 37 28 Gauge Value
The average used Ithaca 37 is worth $800 up to $2000. A new Ithaca 37 sells for $1399 to $2549 at retail, depending on configuration.
The Ithaca 37 shotgun in 28 gauge is a lighter and less common variant of the classic, ideal for small game and upland bird hunting. It retains the same bottom-eject design and smooth pump action the model is known for. They cost a bit more in the used market due to limited availability.
Because 28 gauge models have been produced in more limited numbers, they can be harder to find on the used market and may attract more interest from collectors or dedicated hunters.
Ithaca 37 Featherlight Value
The average used Ithaca 37 Featherlight is worth $130 to $500 for pre-1975 guns, and $450 to $1500 for 1975-onwards ones. A new Ithaca 37 Featherlight sells for $1199 to $2154, at retail.
The Ithaca 37 Featherlight Weight 20 Gauge or 12 Gauge is the standard sporting version. Built for bird hunting and general field use, it’s balanced and easy to carry.
Most of them come with a ventilated rib barrel and walnut stock. They’re among the most common models in the used market.
Ithaca 37 DeerSlayer Value
The average used Ithaca 37 Deerslayer is worth $160 to $500 depending on configuration, but rarer versions like the Police Special can cost more.
The Ithaca 37 Deerslayer was made for slug hunting, featuring a fixed barrel and rifle-style sights for improved accuracy. It kept the same bottom-eject action as the standard model but added a heavier barrel for stability.
Ithaca 37 DeerSlayer II Value
The average used Ithaca 37 DeerSlayer II is worth $350 to $800. At retail, a new Ithaca 37 DeerSlayer II sells for $1199 to $1749, depending on configuration.
This improved on the original by adding a fully rifled barrel and a cantilever scope mount. It was designed to be lighter while offering better accuracy with modern sabot slugs. These improvements reflect in this version’s price range vs. original Ithaca Deerslayer value.
Ithaca 37 DeerSlayer III Value
The average used Ithaca 37 DeerSlayer III is worth $500 to $1500. At retail, a new Ithaca 37 Deerslayer III sells for $1399 to $1949, depending on configuration.
The Ithaca 37 Deerslayer III features a heavy, free-floated rifled barrel and a solid steel receiver for improved accuracy. Unlike earlier models, it mounts optics directly to the receiver instead of using a cantilever scope mount.
Ithaca 37 DS Police Value
The average used Ithaca 37 DS Police is worth $320 to $800. Some collectible versions can sell for up to $2500.
The Ithaca 37 D.S. Police Special is also known as the Ithaca 37 police model. It was designed specifically for law enforcement use. It featured a shorter barrel, parkerized finish, and rugged internals built for high-volume duty use.
Many were issued to departments in the mid-to-late 20th century, and used examples are common on the surplus market. Models with department markings or original police configuration can be more desirable to collectors.
Ithaca 37 Stakeout Value
The average used Ithaca 37 Stakeout is worth $300 to $700.
The Ithaca 37 Stakeout is a compact, pistol-grip-only variant designed for close-quarters use. It typically features a short 13" barrel and no shoulder stock.
The Stakeout is classified as an NFA Class III firearm due to its size, requiring ATF approval, a tax stamp, and proper registration. Originally marketed to law enforcement, it's now a collectible. If you have one to sell, note that you can sell NFA firearms to us.
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Value Factor 3: Barrel Length
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Ithaca 37s with longer barrels are usually more popular, getting around $30 to $100 more than equivalent shorter ones.
This may be because the longer barrels typically have higher capacity. For example, 18.5” barrels hold 5 rounds, while 20” barrels hold 8.
The extent to which this affects price varies by buyer and model. Rare models like the Stakeout are obvious exceptions.
Value Factor 4: Accessories
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Some accessories and parts of the Ithaca 37 can help bring up the value. Just keep in mind that cerakotes or refinishes are rarely able to add any value due to the uncertainty of buyers wanting them.
Original Box and Papers
Having the original box and papers generally do help with value, but it’s more noticeable with the collector models.
Value: Around $10 to $25 on average for the matching box and papers.
Scope/Optics
A quality scope from a well-known brand can improve value, but only if it’s in great condition.
Value: Around 30% to 50% of the accessory’s original value.
Barrels
Upgraded barrels can add a bit of value, depending on the buyer’s preference.
Value: Around 30% to 50% of the accessory’s original value.
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