Certainly beyond any collector value, and appearantly well below it's initial worth, your revolver has definately seen better days. Depending upon the initial investment, I would say that it's most likely...
Your next FUN project! I wouldn't be likely to bother restoring it, but it may be a great base for an "Ugly Gun" work-up. Plenty of time, a few dollars here & there, an idea or two, and see where it lands. I really like the potential there, so don't write it off as junk, just yet. If the lock work is sound & the interior of the frame isn't too beat, it's the sort of thing I'd love to tinker with. Numerich/GPW is just a few miles up the road from me, and they have lots of parts you could stuff in there if need be. Give it a shot, or give it a new home!