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Wayne is right, many of these old hammer guns have pitted bores. They were made and used during the days of black powder and corrosive primers. The mechanical condition of the gun matters too - there could be broken springs and other parts.
But externally the gun looks pretty good, I'm sure it could use a good cleaning but I would not spend money on a restoration other than replacing any worn or broken parts.
The Following User Says Thank You to Jack Huber For Your Post:
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