I looked at an Italian made 2nd model Dragoon at a flea market yesterday. Asking price was $150.00. I didn't get it. All the screw heads were badly buggered. The sides of the barrel had no bluing left from holster wear, and had some little rust pits in place of some of the bluing o the barrel sides. The hand and star on the back of the cyl had a LOT of visible wear. The hammer could be pulled back all the way to the frame, about 3/8" past the full cock position, and if you let the hammer down slowly, it would hang up in the frame, about 1/8" from the fully down position. The left grip had a crack that ran from the top to the bottom and appeared to have been repaired with super glue. There was a small piece chipped out of the bottom of one of the grips. The cyl had lines running around the front 1/4 of it's length that looked to have been cold blued. The rest of the cyl looked like the factory had painted on the blue finish, it was smooth, but the front where the blue was missing/redone had lines(phonographing) around it where it was lathe turned. Also, there was a visible line/difference in thickness of the blue on the cyl where it had been reblued. It looked like the cyl was painted/enameled blue, and it had chipped off around the front.
The loading lever latch on the barrel was so loose in it's dovetail, I could push it out with 1 finger.
The loading lever had a round place on the left side that looked like a weld repair prior to the factory case hardening, and it had a pit at the rear of the repair.
It had Italian proof marks and "Made in Italy" stamped on the barrel and/or frame, but no maker's name or initials.
That made me wonder who made it, and if parts would even be available.
On the plus side, the bore was good.
I offered him $80.00 for it, which was the absolute most I could pay for it, given the condition, and money I would have to spend to make it look/work right again.
He wouldn't take it. He was insistent on getting $150.00 for it.
Feel free to flame me if I walked away from a good deal, but my gut told me that I'd put enough money and time into restoring it to buy a new one.