How much is too much for a full restoration?

[Chad Larsen]

I recently inherited a Parker Grade 3, made in 1884. It's been in my family for almost a hundred years. It was lost in a flood that took my grandmother's house a long time ago, but was recovered a year later. The barrels are badly pitted, stock has some minor, minor cracks. It's missing a hammer.

I sent it off for a quote from Turnbull and was a little shocked with the total. The gun has a lot of sentimental value, but I was only planning on keeping it as a wall hanger.

What is the average cost for a full restoration? I was prepared to pay $5-$10K so it will look nice in a display cabinet in my gun room but they are recommending building a new stock and re-doing all the engrave work which puts the estimate at $24K.