Jim, that's a nice looking revolver.
I think the desire in many folks to preserve older firearms comes from a time about 50-60 years ago. M1911A1s were available for $50-100 a piece back then. They were purchased, hot rodded, tweaked into race guns, scoped, cut up, cut down, and experimented on by the finest gunsmiths of the time. This experimentation literally spawned handgunning as we know it today.
The M1911A1 wasn't being made anymore though. Then came along the US government to destroy remaining pistols in their inventory rather than sell them as surplus. The price of previously common M1911A1s went from $50 to $2000 in a period of approximately 50 years. The latest and greatest jump came in the last decade. We are seeing the same thing start to happen with Smith & Wesson Victory Models now. These are military firearms with a very definite history. The Model of 1917 has the same potential.
It is true that a man may do whatever he desires with his own property. It is true that you can't take these things with you, and you may as well enjoy them. No problem there. If you want to take a WWII vintage Willy's Jeep and lower it with chrome rims and fat tires, install a kicking boom boom stereo, and string pom poms around the canvas top, that is your right if it is your Jeep. If you want to take a Porsche 356 and put mud tires on it, paint it camo and go jumping into mud pits with it, same thing, it's your vehicle. Just don't be surprised as those around you look on in wonderment as you make their property more valuable in the marketplace by decreasing the finite supply.