This is the second biggest HMV re-entrant model made, being the same size as the 193 which was an oak cabinet, and the 194 is mahogany. These were first made in 1927, but didn't sell in huge numbers because most people were starting to buy electric gramophones, and by 1931 HMV was getting rid of existing stock very cheaply. There were two different motors used in the 193/4 & 202/3, firstly the no.34 (4 spring) & then the No.52 (oil bath). The earliest cabinets had a gold transfer on the motorboard with the model number, but was later replaced by a plastic disc found under the used needle tin.
The scratches may not be a "major" problem, and could possibly be removed professionally or by someone experienced in finish repair, but DONT strip & refinish the cabinet because of it, or you will probably halve the value. You are probably best off to leave the scratches as they are, and not worry about them really. If it's in pretty good original condition, and still has the original grille cloth, soundbox etc, you'd have to insure it for at least $5000 or whatever the equivelant is where you live (UK?).
The 193 was originally cheaper than the 194, and probably sold in less numbers than the 193, so would be a rarer machine than the 193.
A good clean original 193 will usually sell for between $5000 & $7000 here in Australia, so a 194 should bring about the same if not slightly more.
A guy named Steve who posts here knows more about these than I do, so might be able to give you better info & value etc than me. We've both got the bigger 202, and Steve either has or had a 194. The 163 was the smallest re-entrant, and are really quite common, and don't sound near as good as the two bigger sizes. You've actually scored a very desirable machine, and these would probably rate amoungst the "top 10" best sounding internal horn machines ever made anywhere in the world!
Here's an ad in a Sydney newspaper for xmas 1928 which includes the 194 on the far right. The original prices in the UK were about half of what they were here. The 4 spring model is priced at 92 pounds, and with electric motor 127 pounds. I tried to post a bigger picture so you could read it, but it's not working for some reason. You might have better luck copying it and viewing it that way, or printing it out?
