I as a collector piece, no. As a shooter, you would have to look at shootability. The 38-40 looks as it has seen some use. How is the barrel and how does it cycle. A lot of those old lever guns are so worn,they jam easily. Of course same could be said for M1 carbine. It might have been one of the ones DCM ( now CMP) sold for about $19 back in the 60's-70's
