My old 1377, purchased sometime around 1983 or 1984, finally gave up the ghost and wouldn't hold a pump. I read some threads here without much luck so I just decided to tear into it to see what I could find. Now, not knowing what part of the gun needed to be dis-assembled, I took everything apart., including the trigger assembly. The pump cup appeared to be in good shape. The exhaust valve assembly had a deep scratch running down it. I do not know if I did this taking it out though, since I had to use some force to get it out the last part of the tube. The outer O-Ring seemed a bit worn. BTW, the valve assembly slid right down the tube with a light tap without any resistance. I took apart the valve assembly, cleaned and oiled. I tried to replace the inner o-ring but the only one I had was too fat and I could not get the assembly fully screwed back together, so I put the old one back. It seemed snug enough. I did replace the outer o-ring. Now when I put the valve back in the tube, it had some light to medium resistance due to the new outer o-ring. Re-assembly was easy except for that dang tiny spring and ball for the safety.
OK, so now it pumps up and shoots. 7.9 gr. pellet, 10 pumps, 445 fps. Does that sound normal?