There is no such thing as a Factory Handi .32-20. It's strictly a custom or stub job. I'd take a good look at it, and if it works well, not crud encrusted, price OK, I'd grab the thing. That's a "hard to come by" and a superb rifle to have especially with rimfire ammo so costly. Ya gotta reload, cause .32-20 factory will put you in the Poor House. On the other hand, If you get your brass, you can shoot it cheaper than .22LR. I have two, or else I'd be asking where you found it and grab it myself..
Pete