If I am not mistaken the M-94 in .32 Win. Spc. were all pre-64 models, except for a small limited edition run of the M-94 in .32 WS back in the early 1980's. If it was a pre-64 model, and has been re-blued, the original steel butt plate removed and/or the stock altered/cut, and a recoil pad installed, it basically has no collector's vaule, just shooter's vaule.