Quote History Quoted:
I was thinking it would probably be worth more like $600, either way a lot more than I had into the Swede!
ETA I would like to re-shellac the rifle, the previous owner said he removed the shellac and waxed it. Would mineral spirits and elbow grease be enough to remove the wax before adding shellac?
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This is just my thoughts, take it for what it's worth.
As the rifle sits with the original finish stripped it's not worth $600. IMHO it would be more like $450-$500. Once you strip the original finish you cannot get it back and this has a significant impact on the price and collectability.
I think trade wise you did really good, I would have made that trade hands down.
Regarding getting the wax off mineral spirits should work just fine. At this point you don't have anything to lose since he stripped the shellac off and some of the color with it. I would strip the wax off and apply some fresh coats of shellac to get it back to as original as possible. You can tell how much darker the original finish is on the low points of the markings where he didn't get all the shellac out.