I don't know what you might think it is worth, but you have to realize that there have been over 7,500,000 of those rifles made over the years, so even if you have a 1901 in "Dad's closet" condition, it is not particularly rare and you'll never be able to pay off your mortgage with the proceeds if you sell it.
It is generally considered a poor idea to start f**king with the wood and metal on a 119 year old rifle if it is still in unaltered condition.
But if you think it would be a good idea to sand the barrel and action down to bare metal and take some nice coarse sandpaper and sand the wood down until it shines, then paint the metal with black Tremclad paint and paint the wood with a nice high gloss Varathane wood stain, nobody will stop you but you'd hear gasps of horror on the Internet from Tofino to Bonavista.