I buy and sell a lot of used firearms. I sell a lot of lever actions. The pre-64 model 94's are at a premium right now because Winchester has "temporarily" suspended production. But that price is still way too high. the last pre-64 model 94 I sold(about one month ago) was for $450. The rifle was in 85-90% condition. the bore was 95%+. I think your friend is fooling himself. Your best bet is to walk away and not say anything, no need to loose a friend because of his mistake. Tom.