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Bruce, from what I have heard, guns like you picture are a dime a dozen out there in the midwest. Maybe the original poster could mention the complete serial number so we can give him more information. "Bad Shape" doesn't usually include a burst barrel. We would like to see a picture of the "Bad Shape" P Grade hammer gun. I don't know about that 121,XXX serial number. I think he may have added a digit there somewhere. 121,XXX isn't 1878 as far as I know.
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