Well, depends on your definition of "cheap". Add the shipping and restoration/refinish costs and you've arrived at the Pristine Pistola Price Plateau.
The amount of work required to correct an inept polish/reblue job (i.e., restore) is staggering. Flats have to be trued, curves given the proper radius, and the lettering and logos recut, usually by hand (read:engraving).
I would forget it and just shoot the thing. Tell your friends that this is the latest in "extreme dehorning" for wheel guns. People pay big money for a certain 1911 maker's examples that they market as such.
"What do we do with all those slides we got back from our Outreach program with Lighthouse for the Blind?"
We market them as our Concealment Defanged Counterfeit Colt! We call it "Tactical", charge enough, and every armchair commando out there will HAVE to have one..."
If you want a shock, just send it back to S&W (WIW the first owner should have done) and see what it will run.
Good Luck!!