I have been watching this thread with great interest because I have re-furbished a couple of guns and am in the process of doing another. By the way, I define re-furbish as stripping and re-oiling the wood, replacing hideous recoil pads those that are period correct, a total cleaning, lubrication and recut checkering. I am taking the next step with my current project by having it re-case colored and the small parts either re-cased or blued (as the case may be)
I know that I will most likely never be able to recover my total investmet, at least not right away. But that is not why I am doing it. I am doing it for me. Because I love the damned thing and I want it to be able to show it off at shooting events. If I lose some dollars along the way...... oh well. After all, I do this as a means of relaxation and hobby, not as a means of investment. I have enough pressure and stress at my profession, I don't need it in my hobby.