I'd have to guess the lower end. It doesn't have the rear sight, nor does it have the rod under the barrel. It looks to be in comparable to maybe slightly better condition than the one above. But with the missing parts I believe that will hurt it some.
The one interesting thing is the stamp on the bottom. On the one for sale above it says "Remington Sons Ilion...." on this one it says "Remingtons Ilion..."
I wonder if this is some type of mis-print or other abnormality that might make affect it one way or the other.