The gold % of the alloy content hasn't changed any. The number still indicates the % of pure (24k) gold that the alloy contains. 18k is 18/24 pure gold,,,,20k is 20/24 pure,,,14 is 14/24 pure,,etc.
The remainder can be any number of different metals of combinations of them. Some purposely alloyed to bring out a different color shade to produce for example green and rose golds (both 14k alloys IIRC).
A gun that early may very well have had the gold inlay done with an alloy that was just the result of the engravers recyling the tiny scraps and filing from the bench. A couple of different 'k' alloys to start with plus a few tiny unwanted bits of brass, copper, perhaps nickle mixed in and a quite different alloy appears each time it is done.
Now we buy gold in pure and alloy designations and it is right on the money as far as content. Matching the older stuff can be a problem because much of it was not..