Tell your friend that the revolver could use a good gentle cleaning to halt the rusting that has begun. Lots of oil and a fingernail or very gentle rub with a copper or brass wool pad will knock down the crud. Stocks should be removed as well to get to the grip frame were Mr. corrosion likes to live.
Once cleaned, apply a coat of Renaissance Wax to preserve the metal surface and prevent further rust.
As others have stated, these guns were produced in the hundreds of thousands so collector value is low unless in pristine condition with the original box. They can be shot with light loads and it is kind of cool shooting a gun that is 100 years old.
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James Redfield
LM #497
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