The 'zig-zag' or 'graver walk' border engraving is also found on grade-1 hammer guns. I have owned several grade-1 hammer guns with this engraving but with Laminated Steel barrels. The barrel steel is generally accepted as the indicator of grade in these lower grade guns.
Here's one of mine.
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"I'm a Setter man.
Not because I think they're better than the other breeds,
but because I'm a romantic - stuck on tradition - and to me, a Setter just "belongs" in the grouse picture."
George King, "That's Ruff", 2010 - a timeless classic.
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