azmike, I would advise you to do some comparison shopping on internet sites like GunsAmerica and GunBroker. Nor being able to see your friend's gun, it is nigh to impossible to grade it. IMO, an average short tang 71 in decent shape should be worth around 800 dollars. A deluxe gun, or a "carbine" version would be appr. 50% more. Early 71s also command a premium. In other words, there are too many variables to consider with Winchester rifles, regardless of model designation. :-)