Well, a while being 100 years or so if taken care of. Yes, nickle can peel, (and blueing can rust, so it goes). It was the original hard wearing, rust resistant surface, which is what it was prized for originally, not the "oooh, shiney" factor. It is reasonably durable, although the quality of the plating depnds very, very much on the surface prep and technique. As for the 27 being the "best" S&W revolver, well, that was certainly true before WW2. Now days not so much. Post war quality slipped a little, and the 70's and then the 80's weren't kind to quality in most American manufactured firearms. I have seen quite a few nickled S&W's (including a fair number of 27's), and currently own only one, a 4" 29. FWIW - dan