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You will have a hard time getting ammo even if you wanted to shoot it. .41 Colt is not made any more, and collector's ammo costs an arm and a leg.
The gun is the Model 1877 double action (the .41 was called the Thunderer, the .38 was called the Lightning), Colt's first DA revolver. They were subject to breakage and other problems, and not considered too reliable, though Billy the Kid reportedly carried one.
The grips are NOT plastic or Bakelite. They are hard rubber, also called gutta percha, a natural product that becomes very hard and brittle with age, so take care with any old grips.
That gun was made in 1895, so it is legally an antique under federal law should that question ever arise.
Per the Blue Book, prices can range up to $3000, though in my experience an average is around $1200 for one in decent shape.
Jim
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