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Lots were made. People thought the supply was limitless. They’d buy them cheap and chop them nickel plate them, etc.

Value of a “customized” one will depend on the skill and reputation of the person who “customized” it. surplus samples that are closest to original will likely carry more value.
 

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So this is not in its original state?
I was wondering with the crown and initials BNP that it might be from England
Thank you
Not likely it’s original state. Quite possibly from England. Victory models were made on the “quick” with parkerized or blued finishes. Had 5” barrels, and most that went to England on Lend-Lease program were chambered in .38 S&W (British .38/200 round) (not the same as .38 S&W, Special”). BNP on the cylinder is a Birmingham Nitro Proof mark, that got applied when they came out of service and were passed to civilian sales. Many got rechambered to .38 Special which operates at higher pressure that the .38 S&W cartridge.
 

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Yep. It started life as a Victory model. Somebody still, made it their own. It’s worth will be in how it shoots and if the buyer/owner, likes it the way that it is. As a collector piece, it has lost considerable value to purists. To folks who want S&Ws that showcase modifications that were popular in different periods, it may have some value. 1950s and 60s seemed to be a period where folks liked nickel plating and stag horn grips.
 
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