Hi Nitestocker......welcome to TFF!
Pre-1964 Winchester Model 70s are highly prized, and pre-World War II examples are even more so.
Model 70s were made in a number of different grades (and calibers), so it's a little difficult to determine the value of yours......however, assuming it's a Standard Grade, in .30-06 (the most common caliber), the Standard Catalog of Firearms values it at:
Exc. - $1850
V.G. - $1200
Good - $750
It's quite possible that a good gunsmith or custom furniture maker could restore and blend the varnish where it's missing, and it would probably pay to do that. It could bring your gun from Very Good back up to Excellent.