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The grips are wrong. The caliber and barrel length are right. And it has the desirable early high hammer. You might check the cylinder number, a lot of these early guns were changed to this configuration from .38s. It appears to have narrow cylinder flutes, there was a transition around this time.
 

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The right side bottom trigger guard screw can’t be any tighter to close that gap between the trigger guard and the frame because the screw for the loading gate isn’t turned in far enough.
We know the gun has been “messed with” due to the burred condition of the trigger and bolt screws. Use that as bargaining power.
Most of those 2nd gen guns went to a silver frame color.
$1500 sounds like you’d walk away with no regrets.
Don’t be too eager and strip off more $100s
One will come along soon enough.
Taxes are due in a month and food and electric aren’t getting any cheaper.
 

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Discussion Starter · #7 ·
The grips are wrong. The caliber and barrel length are right. And it has the desirable early high hammer. You might check the cylinder number, a lot of these early guns were changed to this configuration from .38s. It appears to have narrow cylinder flutes, there was a transition around this time.
I will check up on cylinder tomorrow
 

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Discussion Starter · #8 ·
The right side bottom trigger guard screw can’t be any tighter to close that gap between the trigger guard and the frame because the screw for the loading gate isn’t turned in far enough.
We know the gun has been “messed with” due to the burred condition of the trigger and bolt screws. Use that as bargaining power.
Most of those 2nd gen guns went to a silver frame color.
$1500 sounds like you’d walk away with no regrets.
Don’t be too eager and strip off more $100s
One will come along soon enough.
Taxes are due in a month and food and electric aren’t getting any cheaper.
Bill thanks for noticing this. My eyes didn't catch the buggered up screws
I will follow up on this tomorrow
 

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Everyone above nailed the nit picking....

A couple minutes on the gun bench should fix everything up proper, new screws if you want would set you back another couple bucks, eagle less grips are going to be over 100 if you find them or even want to restore those. Personally, on guns like this where it's shooter grade and the original grips are gone, I lean towards further customizing that anyway... find some nice wood, one piece, giraffe bone or whatever to spice it up some. Flip those eagle grips for $40 to get a bit back.

For 1500, if I was looking, I'd easily be in.
 

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I'm not so negative, or maybe just easily separated from my money -:). I say $1500 absolute bottom, $2000 absolute tops. Not a collectible piece but I never considered 2nd gens collectible anyway. Besides the minor detractions as noted it all depends on how good of a friend your buddy is and how much you want a Colt. Me, I'd jump on it at $1600 or $1700, but as I said I'm easily parted with my money.
 

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As a comparison, I recently paid $2k for my birth year (1960) model in .357 with correct grips but moderate holster bluing loss on barrel. I wanted a trail gun that I could holster, shoot, and have readily available ammo options. Knowingly overpaid just to expedite my search and onto the next. I’d jump all over yours for $1,500.
 
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