Dick Hosmer may be quite correct, about it not being old.

Whoever 'made' it went to the trouble of putting a nice 'rust-blue' on some of the parts.

The barrel finish appears odd to me.

A lot of profit to be made turning a $250 'bubba sporter' into a $2,100 'cut-away'.

Inspiration may have been the Norwegian 'cut-away' pictured by Hanevik.

The finish on the receiver, loading-gate, and side-plate are not what would have been done in 1903, when the receiver was first made.