Funny that yours was a Bicentennial model. I bought a blued one in 1976, my first handgun, and shot many, many thousands of rounds through it. I had it out hunting, probaby 1990-91?, and the plunger broke while I was in the field. For some reason at that time, I think it was in the manual, Ruger had a star next to that part that they would only sell to a gunsmith. So I ordered one from a nearby shop, waited a month for it, only to find that either they had ordered or Ruger had sent the wrong part. Enough of that! I took a file and made a duplicate of the factory one out of a common nail. It worked great for many, many more shots.
Then, last year, I had another Single Six where the front sight had been filed down. I called Ruger Parts while at the range to order a new one and happened to think about the hammer plunger on my old friend. I told her the story about not being able to get one so many years ago since I wasn't a " gunsmith " and that I had made one out of a common nail and it was still working fine after 15 years but I might like to put a factory one in. Man, after she stopped laughing about that she said, "Hey, we'll send you 2 of them ... on us!" You know what...I still have my handmade one in that gun. I pulled out the nail plunger to replace it, but it looked good, so I polished it up real well with some 600 grit, gave a nice polish to the ends, lubed it, and put it back in. I hope I don't have to send the thing back to Ruger anytime soon. They would probably replace my "custom" part with a factory spec one! The timing on that one is as good as it gets. I think that revolver has, conservatively, over 70K rounds through it now if not more. (yeah, at least 2k a year)
If you keep them lubed up, they seem to work pretty well. It's the only one I've broken so far. But I do have a couple at the ready if one does ....and a box of common nails.