As with some auto makers and paint, some years of Winchester blueing process resulted in flaking. Not to be confused with wear, the rust blue 'flaked' off it seems.
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Blueing loss
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Have you tried to fix it yet....!?
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Negative, it would, IMO, lower the value and collectability. Its a factory blemish and adds to the authenticity of its origin. But its not a high dollar gun, just hard to find.
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