I agree with everything said. I follow stuff on Gunbroker just to pass the time and I seldom see a Freedom Arms sell for the reserve price, the minimum the seller will accept. Usually, with a "fair reserve" price there are no bids. Same with the occasional custom handgun gun like this one.
What it cost new becomes irrelevant. In fact, it seems to be about the same situation for expensive rifles. Collectibles like pre 64 Winchesters or older S&Ws, Colt SAA, 1911s, that sort of thing get alot of action. It all comes down to "this is your money." Not all guns are investments, no matter how long you keep it. They are not even "good deals" sometimes despite what the original owner paid. Occasionally, I'll watch a "no reserve" auction with a starting price of $.01. Sometimes there is so much action that it gets overbid and sometimes....ouch! One particular model of a collectible antique handgun a dealer had a reserve of $1200 and got no bids. Another auction, same thing, sold for less than $200.
If it is the caliber you want, I'd suggest a used Super Redhawk. I would guess $600 or thereabouts. Maybe it needs a trigger job but then it should be an accurate handgun. My 454 Casull SRH is very accurate.