Both. Model 94 SRC's in 38-55 can hard to find in good condition, so it has some value (provided no one has ever re-finished, re-blued, or sanded the stock). Without seeing a photo, and just going on what you said, right now it might be worth somewhere between $1,400 to $1,600. BUT it could be worth a lot less than that depending upon what it really looks like. I was looking on an auction site today at a Model 1892 that was advertised as having 80% blue. Ha! It had 0% blue and a lot of dark patina. It was a beater. With a gun like a Model 94 38-55 in your condition, I'd hunt with it for sure. I have some old Winchesters that are worth a sight more than that, and I hunt and shoot with all of them. Hunting is twice as enjoyable when hunting with a vintage Winchester.