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A common sign of a refinished Colt revolver is a fully blued hammer.
Colt always polished the blue off the sides of hammers, leaving them "in the white".
Many refinishers just leave the hammer all blue.
Triggers should be all blue.

The washed out looking Colt Pony is another usual sign of a refinish.
The Pony is a complicated stamp and it's hard to get them uniform and of even depth.
Because the stamp is often not as deep as other stamps, it's not unusual for a re-finish to wash out the Pony stamp.

So, best guess is your Colt has been refinished, but it looks like a quality job, without the rounded off edges and ripples in the flats and down the barrel you typically see on bad refinish jobs.

Finding painted front sights is common.
To remove it, you can usually use a little lacquer thinner and a solvent-proof toothbrush to remove the paint.
Lacquer thinner will not harm bluing.

As above, the rubber grips are not "correct" for your Colt. Those were made for Colt by Pachmayr and Colt sold them as aftermarket and used them as original on 1980's stainless steel Colt's.
To determine what grips would be original for your gun, remove the grips and look at the rear side plate screw.
If the head is rounded like the front screw, the original grips were probably the narrow checkered walnut "Service" type grips with Silver Colt medallions.
If the screw head is flat, the gun probably shipped with the now-rare "First Type" fully checkered walnut Colt Target grips with Silver medallions.
Only the Python had Gold medallions in those days.

In any event, thats a very nice Colt and will probably out shoot most newer guns.
Since the same action and frame type was used for the Colt Python, you have what's often called a "poor man's Python".
It will shoot any factory .38 Special or +P load forever.
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