Received the Elsie today...IT IS A GRADE 4E..as marked on the Frame. Has a couple of problems that can be fixed. A broken left barrel Firing Pin, and a piece of the lower barrels filler is loose. the hard pad is chrystalized and needs replacing, and the Barrels might have been refinshed allthugh they look to be original. The barrel bluing is shows some wear and is getting thin in places.
It weighs over 8 lbs, has the Hunter One Selective Trigger, Ivory Bead Front Sight, Gold band on Baarrels as well a the "S" on the Safety Bores are clean, with no dings, 30 inch Barrels. has a fair amount of Case left on the frame, very tight and solid shotspoon for 1906 mfg.
As stated on 455 Quality No 4's were made with 388 in 12 GA..from 1896 to 1912.
http://www.gunsinternational.com/L-C-Smith-4-E-12-GA.cfm?gun_id=100186160
Considering what I have in it and what the 4E's are worth there is plenty of margin to get er in tip top shape and still make bank (even at less than 1/2 the price of the one listed above)