I have been doing some searching for info on the web and ran into a web site where the person seems to have refinished all of the firearms shown. Some to the point where they blued over color cased parts, stocks all varnished where they were oil finished originally. The guys web site said it all , He is a Businessman first. He had examples of guns that were very misleading, such as cut down rifles as carbines.
Sometimes the new collectors get really burned by the snake oil salesman. Barnum said there was a sucker born every second, but in our collective group of firearms collectors I think we all take a very dim view of unscrupulous businesses. I know I do.
So, if you are a new collector do your home work to check out just what it is that you are buying. Really read and pay attention to publications such as Flydermans guide. He explains NRA condition codes in a easy way to interpret. When dealing with Collectors weapons there is a big difference between NRA grading for these than grading for a newer type of firearm.
But when a firearm is refinished correctly it can add to it's value. We have all seen a junker resurrected to a decent shooter and maybe a better looking example, and we all love the ones that look like they should, and hate the ones that are over buffed, chromed-[ I saw a chromed Ballard that the owner is real proud of] oh, and that was chrome, not nickel, Color case work by blow torch. I could go on but you get the point. I think refinishing a gun that is down and out on it last legs is really OK if it is done tastefully and to the original looks of what it was. And not only the finish but the faker that cuts a rifle down to a carbine and pawns it off as such worth double what the rifle was. The web site mentioned at the beginning had a few of those too.
Oh, check out Bowers for guns
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