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Both are replicas. As Jim Watson wrote, there were no Colt revolvers made with brass frames.
The brass frames aren't very durable, and they'll loosen up in no time at all when shot regularly. An occasional foray out with them is fun, but mostly they can be considered wall hangers after a while.
They can be purchased new for well under $200. Used, probably not more than $50.
Personally, I wouldn't buy a used blackpowder revolver. No telling how well they were cared for, even it they're safe to shoot.
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