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Sounds like yet another product of the garage gunsmith.
But a lot depends on your term "high grade." If it's a DH or above, it might be worth fixing. If the damage isn't too severe. And Kirk Merrington would be the only person I'd trust with the repair... which would cost about $1000 with reblack I'd guess. Maybe a bit more.
The good news is that you can possibly use this flaw to get the gun cheap.
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