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The only thing I can add is that Bayard was a trademark of Anciens
Etablissements Pieper in Hertstal, Belgium. Both of my references list only
automatic handguns under either name. You might be able to find other
information under the founder's or his son's name - Henri and Nicolas
Pieper. Another reference puts the Pieper firm in Liege, Belgium.
<<Recently aquired an old 12 gauge DB shotgun that belonged to my
Great Grandfather. On the top of the barrel is stamped "Bayard Arms
Co. Patent Sept.20,1892. I've been to several gun shops and talked
to so called "experts", no one seems to have any information on Bayard
Arms shotguns.>>
Bayard was a manufacturer of guns in Belgium, active from about 1870 (or
before) until after WW1. They made many low-priced rifles in .22 rimfire,
shotguns like the one you describe, and a line of autoloading pistols around
1910. Because of the low-prices of the original guns, and some of the .22s
being distictly on the flimsy side, Bayard guns are not highly prized. Given
the age and sentimental value of your Great-Grandfathers gun, I would keep it
as a memento of him, and not try to shoot it with modern ammunition.
Ed Arnold
NRA Life member