By the time I looked the auction was over, and I had mixed feelings. First of all I have to admit that I'm a fan-boy when it comes to Police Positive Colts. This one was chambered in .38 Colt New Police, which is identical to the currently available .38 S&W. Also it is the only .38 S&W chambered revolver that has .38 Special chamber throats and bore grooves, which mean you can reload the cartridge using regular .358" bullets rather then the odd-size .361" size that is standard in other revolvers. It is an accurate cartridge, inexpensive to reload, and can be safely loaded to offer .38 Special performance.
That said...
The problem with all of these older Colts is (1) the availability of repair parts, and (2) finding a gunsmith with the knowledge to fix them. If you pick the wrong one he can quickly make a fine old revolver into a useless paper weight.
On this particular gun I detected in the excellent photographs that someone had used an incorrect screwdriver to remove the sideplate screws, and in so doing had marked up both the screws and sideplate. From this I must conclude that some Bubba had been trying to fix something with the expected result.
:banghead:
So, I would have jumped at the chance to buy it for $130, and maybe gone to as high as $200...
BUT ONLY IF I COULD HAVE PERSONALLY INSPECTED THE PIECE FIRST!
Otherwise the cost of fixing it might have more then wiped out any advantage in the original price. On the other hand if the internal mechanics were good (sort of doubtful) it would have been a prize.