At what point does scarcity override condition. Although new to Smiths, I have collected Winchesters in the past and could pretty much tell when an old saddle gun was a worthwhile purchase even though it had no finish left. For example a Model 73 SRC with a factory rifle butt and single set trigger with lots of saddle wear on the forend.
But, vintage Smiths most probably didn't see the kind of that antique Winchesters did on a daily basis.
I find myself drawn to this little revolver, but it is said to have NO finish.