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Need opinions of my ODT family on what to do

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Tough call on what to do especially since multiple people laid hands the firearm. You could meet and visually inspect the Colt for signs of tampering or damage since the sale and go from there. Your offer was more than fair.
 
It can no no longer be in Pristine condition first..You have no idea how it was handed with so many rounds fired..You offered to spit a repair if needed. If I purchase something in that condition, I would dismantle it for a full exam first and I also if an investment would not fire it myself as well. You offered to help and he declined, end of story..
 
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