Found in a peat marsh actually. The property it was found on is a large private piece, and apparently the previous owner(s) were hunters. Probably fell out of a truck, got left behind by accident or something similar to that. I just find it odd that something like this was being hauled around in the field anytime recently. Not like .38/40 is a common caliber anymore and you really can't rifle hunt in the area for quite a few years now. The guy who owns the land now has had it for a few years, and was surprised that his kids found it.
I agree, it's not a collectors piece anymore, but it could definitely be brought back. It's going to be a shooter again, not a shiny trophy or a rusty relic to hang on the wall. Oh, and since it was brought up earlier... Genuine Winchester, not an Uberti.
-Hans