I am wondering if anyone can put a round about value on this? I have had it for many years but recently started thinking about it again and hauled it out of the safe to see what we can find out about it. I looked and asked around a little about 10 years ago with little luck. This is a wild one, on several levels, the Spencer name is obviously well known for his rifle but not much talk about the 1882. So here is my honest to goodness, made in Windsor, Ct Spencer 1882, SN 28xx, not a Bannerman and it does not appear to be a Damascus barrel. The crazy part is that it is a presentation gun given by C M Spencer on Jan 1 1922 and he died Jan 14 1922 The only real flaw is the dovetail on the front of the magazine tube is extremely loose in the barrel. Bare with me with the pictures, Christopher Miner Spencer (June 20, 1833 – January 14, 1922) Around 1882, Spencer started a new company, the Spencer Arms Company, in Windsor, Connecticut. Its most remarkable product was likely the Spencer Pump-Action Shotgun. Produced between 1882 and 1889, this was the first commercially successful slide-action (or pump-action) shotgun. Most were manufactured in 12-gauge with 10-gauge being an uncommon variant. Once again faced with financial hardships, Spencer's company and his patents were purchased circa 1890 by Francis Bannerman & Sons of New York who continued to manufacture his shotgun until around 1907. Hugh Smiley Mohonk connection The property has been owned and operated by descendants of the Smiley brothers since 1869. The Smiley brothers envisioned a peaceful retreat where people spectacular setting.