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Best cap and ball revolver under $500?

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The Uberti 1858 Remington has a dove tailed front sight and allows for windage adjustment. Its pretty hard to beat for the price.
Just got my two new Pietta Remingtons from EMF. One standard, one Sheriff's model. Both have dovetailed front sights. At $234 each, including an extra cylinder for each gun - they're a pretty good deal.
 
Smokey
I purchased a blued ROA at a local gun show for under $400. I was able to look it over and see that it had just normal wear and tear, no rust. Bought it, fired it, worked fine.
There are several gun shows each year in my area. Just a few muzzleloaders at each show. Never know what your going to find. Underhammers, hawkens, custom rifles and pistols, shotguns. I usually ask to run a patch down the barrel before I buy. I bring along a bore light and oiled patches, jags. I only buy if the price is reasonable and there is no rust or bulges in the barrel. I still look at the expensive ones but do not buy. Its fun to go to the shows even if you don't find a bargain.
 

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