Jack;
I was not saying the two-hook configuration made it a lot more valuable in its present condition. I was merely pointing out what it was. There were a lot less of them made than the later large hook guns, but don't know they bring a lot higher prices because of it. I suspect the GH was a little Parker terminology slipped in though Lefever to my knowledge never added the H to their hammerless line. To the best of my knowledge they never actually built hammer & hammerless models simultaneously as did many of the other other makers, including Parker.
RyanF did ask about it as a project gun, as best as I could tell from the pics it looks sound. Maybe there is one out there somewhere cheaper. This one is available right now at that price. How much time, gasoline, etc will he have to spend finding that absolute bottom dollar one. This one doesn't appear to me to be priced unreasonable, they are beginning to be more sought out. I don't personally see how he could go far wrong.
I once bought a parts, not a project, H grade for $25.00, but that was a long time back. Today I see parts listed that bring more than I paid for the whole thing then.