Chad, we have no idea what condition your gun is in, nor do we know the details on the restoration, so I don't think anyone is commenting on the quote you received specifically (at least I'm not). However, for the amount of that restoration quote, you could buy a very nice quality, higher grade Parker.
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“Every day I wonder how many things I am dead wrong about.”
― Jim Harrison
"'I promise you,' he said, 'on my word of honor, I won't die on the opening of the bird season.'" -- Robert Ruark (from The Old Man and the Boy)
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