My advice is Don't attempt to shoot the gun! Value? Old single barrels were inexpensive well made utility grade guns selling for between $5.00 and $15.00 new and haven't appreciated that much since.
it was not designed for more modern and longer, 2 9/16 and 2 3/4 inch shells loaded with smokeless powder and certainly not modern 3 inch or magnum shells loaded with high pressure smokeless powder and steel shot.
With a gun that old it was designed and made to shoot the ammunition in use back then which was 2 1/2 shot shells loaded with black powder and lead shot. Measure the diameter of the muzzle and a 12 gauge will measure about 3/4 or. 410 caliber bore but 12 gauge was most common. If there is, what is it ? Can't tell you the gauge of the gun with out seeing it as Crescent guns were made in all gauges 12,16, 20 gauge and. There should be some marking (name) stamped on the left side of the receiver/frame. Although the company continued to manufacture firearms, it never financially recovered and went bankrupt in 1916 with Marlin-Rockwell purchasing its machinery, inventory and designs in 1917.Serial number stamped on the lower tang just behind the trigger guard is indicative of a Crescent Fire Arms Company of Norwich,CT (1892 to 1930) made single barrel shotgun. In August of the same year it was awarded a contract to build around 140,000 Mauser Model 1889 rifles and 10,000 carbines for the Belgian Army, but it turned out that they underestimated the cost of production during a European war and underbid the price (the first rifles were only completed in September 1916 and only arrived to Belgium in 1918). The company started tooling up in 1915 for producing 400,000 SMLEs, but the British gave no money down and the end-of-the-year deadline wasn't plausible to meet, so it ended up in a difficult situation already then. In 1902, the company acquired Forehand Arms Company, for whom it had been making revolvers under contract. The factory was rebuilt in 1901 and Hopkins & Allen would go on to produce 40,000 firearms a year.
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