I have a friend who has a 1905 Colt in 45 ACP. He's had it for years and bought it at a police auction.
Sadly, the serial number is all but gone, only a "seven" is barely visible.
I would say that the original finish is at 10% and the grips have been altered with silver nameplates amateurishly done.
Approximate value? Would it be worth the cost of having it professionally restored?
Hey, it was really neat holding such an old gun even in it's present condition. I really tried to hand him a C-note for it but he wouldn't take it!
Thanks.