One thing we don't know is if the OP is even considering selling this gun.
Sometimes one just wants to know its value. He might want to put insurance on it, he might have to give a value to the estate, as the other beneficiary's agreed he was willed it, but it could affect the other dispersments.
He could just have no clue how much it is worth, and doesn't want to abuse a gun that could be potentially worth alot of money.
So lets not jump to conclusions that he is looking to sell it.
Now OP pictures make a huge difference. Condition Condition Condition. Also the 1894 was made in a huge amount of different options, and in a more uncommon option list the rifle is worth more. In a common build then not nearly as much.
Has it been refinished? Is the bore good? Original sights? Screws mangled?
All these things make a huge difference in pricing.
Now its intrinsic value might be huge to you and your family, but you cannot add that to the actual value of the rifle.
One of these can go from $300 for a parts gun, to over 2k for the right rifle in fantastic shape, I have even seen a few very nice uncommon examples sell for over 4K USD when they are in close to new original condition.
And one or two that sold for around 8k USD that were factory case hardened deluxe models in unreal original shape. Though that is extremely uncommon for a 1894. On a 1886 rifle you see that more often when it is a extremely nice piece in a uncommon caliber or factory build.
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