If it's a Colt Model 1901, I don't think it would have been made in 1895...
I'd say whether it could be fixed or not would depend on the availability of a barrel and whether the frame boss stretched from the overpressure round.
Really impossible for anyone to tell from pictures.
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"The gift which I am sending you is called a dog, and is in fact the most precious and valuable possession of mankind" -Theodorus Gaza
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