What Jim says above is correct, as the cost to restore this, would mean actually fabricating new parts, if you want it in shootable condition. That costs a lot of money because there is a huge amount of time involved.
The barrel, with the deep pitting on the outside, and pretty bad pitting on the inside would be dangerous to shoot, if you ask me, even with black powder rounds. Deep pitting can cause cracking and failure when exposed to large pressures, just the same as a very rust pipe can burst if a good amount of pressure is ran through it. The pitting could even cause increased pressure in the bore, as it could hinder the free travel of the bullet.
And this from what is observable. What kind of mess is its internal works in?
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