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Sure they have faded over time.That is what you want to see.Normal fading or patina,not bright vivid new colors.The purpose of grading guns by the amount of case color remaining on them is to give an indication of how much the gun has been used and handled.In over 40 years of handling Parkers,I can only remember 3 that were original 100%coverage case color guns.They were effectively museum pieces that had been put up since they were built.