.32 Safety Hammerless Bicycle Gun—Refinished, or not?

The factory letter arrived today:

Shipped October 30, 1907 to Markt & Company, Ltd. 193 & 194 West Street, New York City. It was part of a small order of .32 New Departures to Markt. Nickel finish, 2" barrel, black hard rubber round butt stocks.
 

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