Value?
Collector guns usually depend on external finish and completeness - original grips and so forth. A bulge in the barrel will obvious NOT enhance collector appeal. Your original post indicates the bulge is not horribly obvious, so it may not distract much from the value - it depends on the collector.
Shooter value is a different matter. Normally, a bulged barrel will put off a shooter; UNLESS the shooter involved plans on shortening the barrel a bit anyway. However, normally, shooter (gun) values are less than collector (gun) values.
As to precise value, that depends on
1. How bad you want to sell it (lower),
2. How bad the buyer wants it (higher), and
3. Regional opinions. Some guns are very desirable in some areas and not in others.
4. Provenance. If the firearm has a documented history (Will Bill Hickok's gun, for instance) the price typically goes up. This applies more to collector values than shooter values.
Sorry to be so vague. The best indicator of value for you is to check on various internet auction sites - and HONESTLY compare yours with theirs; and attend some local gun shows to see what comparable items are bringing.
Local gun shops and pawn shops have to sell anything they purchase, and that lowers what they will be willing to pay (Nothing personal, it's just business).
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