Now I've got it back from a mate I've had a good look and it is definately relaquered. I think it's what we call, in the guitar circles, an overspray. There are defined fingerprints and the soldered bracket has laquer over the solder however the engravings have not been rubbed out anywere that I can see. I would say that only the front bit of the horn was done maybe when the solder was applied but hey, it's a respray.
Now I need to find someone who can play as I can only do "the wet cat" with it but my kids loved it.
Here is the other bits.
One mouthpiece is a Yamaha and the other says Tone King.