According to US Federal law, all pre-1898 firearms are considered antiques. However, states have their own set of legislation on how to enforce the Federal law, and it varies from state to state. This gun will be OK in many states, but in some, the local laws are a bit tricky.
As for Europe, I read that the EU Parliament passed a resolution in November 2007, according to which all firearms produced before 1900 are antique and therefore exempt from any legal restrictions. All countries have two years to modify their legislation to reflect the resolution, or risk a fine (and eventually still have to do it). If so, great news for European colelctors.
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