So, let's assume for a minute if the barrel is a replacement, and the receiver is original but redone, What does that do to value? What range might a fair offer be in?
Does it make it a Frankensmith fake to be avoided or a desirable/affordable shooter with some quirks that most likeley will never be adequately explained?
Cobbled up guns should be avoided IMO.......
1. Barrels appear to be replacements with an "attempt" to fake originality. Poor engraving speaks for itself.
2. Case colors are a refinish with an "attempt" to fake originality.
3. Thumb lever checking appears to be of "field" grade quality and unlike high grade Hunter Arms L.C. Smiths with an "attempt" to fake originality IMO.
If you can live with knowing it is most likely a cobbled together fake, then price it accordingly. Everyone here will have a different opinion though, so good luck with it.
I would have it appraised if you're still serious and check the serial number with the Cody Museum where all the original L.C. Smith records are.