I would buy it with the intent of getting a Remington Rand slide and correct barrel, and correcting any odd parts in the frame. Resurrecting it, as it were. Rem Rand parts are not hard to find, and not tremendously expensive. I bought an unaltered frame last year that had a 22 conversion on it, (Ceiner), and rounded up a slide and barrel, and a correct hammer and mainspring housing, all including the frame for about 600.
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