That’s a tough one. Cut is one thing, reblued is another. It will be hard to find an example of that configuration that has both modifications and sold recently, unless someone here keeps meticulous records on sale price of modified guns….
So that isn’t a very helpful comment, but I would start by researching the online auction sites for recent sales, not asking price, of the same configuration. My gut tells me that is going to be a project. Alternatively you could seek an appraisal for a nominal fee.
You’re going to get a wide range of responses that are all what that particular person would be willing to pay. It is not clear. Personally, I wouldn’t trifle much with it since it’s clear to me there are no plans to sell it. I would just tell your son it’s great grandpas gun and that should exceed the monetary value, I would hope.
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