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I picked up a 1st Generation Colt made in 1892 and am looking at another one.

The barrel has been cut down.Looks great, and I wouldn't know if someone didn't tell me.

The other one I am looking at appears to have been nickel plated early on in it's life.

The question is how much does altering a gun affect the value. How much does it devalue them and are their any alterations that increase in value?
How many times did I hear Elsie Jackson in Jackson Arms (Dallas, TX) say this in the 1970's? "On a per ounce basis, their is NOTHING more Expensive than Original Finish on a Gun"!
 
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