What does the legend say on the top of the barrel. Third generation implies made in the last 30 or 40 years but the fuzzy legend looks original ie 1st generation. The crack in the barrel looks to me to be a result of poor material as in brittle and I would worry about the whole barrel assembly relative to sleeving it. You can buy original Colt Navys for as little as $1000 if they are in tired condition and that one I would place in the $300 - $400 range in part because the wooden grips are also heavily sanded. Also I don't believe the barrels of modern Italian replicas are interchangeable with original guns; I know there are significant differences between a modern barrel and a original gun that I own.
cheers mooncoon



























