IMPORTANT SAFETY NOTICE
MODEL 1500, 1550 AND 1700LS SERIES RIFLES BY HOWA MACHINERY LTD.
Product Upgrade Registration
Howa Machinery, Ltd. of Japan, is performing a safety upgrade on all Model 1500, 1550 and 1700LS series rifles manufactured between 1970 and 1993. The affected rifles bear serial numbers from one of the following series on the receiver: PN00010 through PN87159, LS00001 through LS05150, M000001 through M020422, LS10001 through LS10309, B000001 through B028450. The safety upgrade will replace the bolt sleeve to prevent misassembly of the bolt, which might occur on the affected rifles. Such misassembly might result in a hazardous condition in which the rifle can be accidentally discharged without the bolt being fully engaged, causing severe injury. These rifles were distributed by Smith & WessonÒ, O.F. Mossberg & Sons and InterarmsÒ. These rifles may bear the distributor trademark.
WARNIN

If you own a Howa Model 1500, 1550, or 1700LS series rifle with a serial number from one of the serial number series referred to above: USE OF YOUR RIFLE MAY RESULT IN AN ACCIDENT AND SEVERE INJURY. STOP USING YOUR RIFLE IMMEDIATELY and fill out the form below or call Howa at 800-456-5131 to receive a Bolt Return Kit. Only the bolt sleeve is being upgraded. Your bolt will be returned to you after the upgrade.
Thought you might find this interesting.....
As for the value? Whatever you can get. Not a high end type of rifle, probably valued somewhere around the $300 mark.