Well, I was back in the pawn shop the other day and checked the little Colt out again. The cylinder swings free and timing checked out ok. I did not have any snap caps so I didn't want to go pulling the trigger to test DA, so I gently tested by keeping my finger on the hammer to prevent its dropping back. Anyway, it checked out. The pawn shop owner, a nice guy who hooked me up with my Mauser 1914, offered it to me for $125 (taxes included), so I bit.
After getting her home, I played with the action some more and I am pretty happy with it. There is absolutely no cylinder wobble with the hammer down/trigger in. SA locks up tight on time. DA locks up good too. After cleaning her up a little (haven't had time to do any polishing), the cylinder latch is now working correctly. All she needed was a little TLC. No need to order any springs or replace anything. However, the grips are a bit worn, so I will be getting some reproductions, as well as some Tyler T-grips.
Actually, I have been looking for some wood grips for this old C-type Colt. The only grips I can find for it are the repro black rubber. The D-types are easy to find, but they will not fit this one. If anyone has a suggestion, I would certainly appreciate it. I would even settle for stag.
Also, I am considering my options for having the thing refinished. Some of you might question that decision, since I will be paying more to have it refinished than I paid for the revolver. However, I am thinking two things: either 1), I will give it to my father as a gift; or 2) I will keep it and have it engraved one day to pass on to my (future) children. I am considering either hard chroming or rebluing. I am leaning toward the hard chrome since I really like that look, and the hard chrome will stand up to anything. Plus, I am not going for a full out restoration on it. I just want it to look nice.
Here is the old beast. She looks like crap now (especially with no grips), but that will change.
Thanks for the help guys!