Originally Posted by Jim K
I think the hammer has been repaired or replaced. The spur doesn't look right and the angle to the nipple is wrong. Also, the trigger doesn't look right and may be a replacement. I see several odd things that, if I were considering buying it, would lead me to want an expert look.
I agree that the hammer looks very suspicious--the hammer spur stands way too tall. And apparently this model had a ramrod, which is missing. But the trigger may be fine--attached is picture of similar gun sold by Cowan Auction's for $805 (which also has a suspicious-looking hammer) and described as:
.45 caliber, 3.25" barrel marked with Deringer Philadelphia on the top of breech also on the back-action lock. Left side of breech marked with sunburst and a P. Has a ramrod, German silver triggerguard, nose cap, escutcheons. Checkered walnut stock.
Condition: Barrel is grey with some pitting and staining. Lock is dark blue. Stock with some nicks and dings