Nice old war horse.
If these things could only talk, . . .
You might try to find some correct grips for it.
Other than that, leave it alone.
Shoot it. Fondle it. Admire it.
Don't try to re-blue, refinish, or otherwise destroy the story it has to tell.
Nice old Colt. What is the story behind your having it? Check out coolgunsite.com for lots of information about the 1911's
Unfortunately, I can't find any confirmation of the markings on the barrel. It has an P on one side of the lug and it appears ES on the other side of the lug. No other markings on the barrel that I can see.
I agree with the comments that restoring and/or refinishing the gun in any way will destroy a lot of its value. And I agree that a fresh set of grips would look good on it, but that you should also keep the old grips.
I think $2K would be a realistic estimate for it. Shoot it, by all means, but if you're just looking for a shooter grade 1911, then you may consider one of the more modern rigs for the wear and tear that a range/carry gun will endure.
Mike
This might help:
https://sightm1911.com/lib/history/barrel_markings.htm
Also, stamp marks on the frame are often indicators of military inspections and refurbs. the stamp will give you an idea of when and where.
I've narrowed down all the markings on the frame, slide, and magazine. They all match up as original parts for a 1944 manufacture date (per the serial number). I was trying to verify the barrel is original, but still can't match it. The "ES" on the lug is what is throwing me off. I can't find any reference to that marking anywhere.
I belong to a website called Gun Value BoardLooking for knowledge on this Colt M1911A1 that I recently acquired. Appears to be a US Army issue 1944 from the serial number.
Looking for any general information on the gun, recommendations on restoration (grips, etc), value, etc.
Any advice and information are appreciated.
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