In 1987 during the bankruptcy proceedings, thus terminating Ithaca Gun’s production of this popular sporting firearm. The Mag-10 patent rights were sold to the Remington Arms Company, Inc. By 1985 the Supreme Grade was $1,124.Ī Standard Vent Rib model with tubes was a new feature that year. By 1979, a Deluxe Grade at $549.95 and a Supreme Grade at $649.95 were available. The gun was only available with a full-choke 52-inch barrel. “The Ithaca Gun Company From the Beginning” by Walter Claude Snyder.The Ithaca Mag-10 was designed by James Tollinger & introduced in 1974 at a cost of $424.95. This strategy was implemented in the early months of 1916 with the purchase of the Lefever Arms Company in Syracuse, New York. The strategy they chose for accomplishing both objectives was to purchase a well-known and respected gun company, discontinue its products, and introduce their lower-priced line under that firm’s name. However, they did not want to degrade the price-quality image enjoyed by the long-established Ithaca Double. Ithaca Gun REFERENCE CENTER click photo to get schematic & parts list.On the eve of World War I, the management of the Ithaca Gun Company decided to develop and market a lower-priced line of shotguns.
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