I didnt know that Blackheart, but i have no reason to think it is not true. I thought the Iver Johnson and Ithaca were very similar if not the same. Did Ithaca make them for Iver Johnson or vice versa? We have two Henry Golden Boys and the first thing I noticed was the action is very similar to the Ithaca. I would think $250 for the Ithaca Saddlegun is reasonable if it was in decent condition. I dont remeber what i paid for mine, new.