Manufactured in 1927, features fixed oval blade front and rounded notch rear sights, an unmarked blued barrel with polished chamber hood, two-line Colt address and patent dates on the left of the slide with Rampant Colt behind the serrations, and caliber designation on the right side. Matching serial number "470340" marked on the interior of the slide. The left of the frame bears the serial number, with "1" and "triangle/VP" marked on the left and "48" marked on the right of the trigger guard. Fitted with a pair of Colt banner and Rampant Colt marked checkered hard rubber grips and a two-tone blued magazine marked "CAL.32/COLT" on the base. Includes an un-numbered Colt maroon box with appropriate blue end label.

Excellent, retaining 90% plus original blue finish with some limited minor edge wear, thinning to brown on the rear grip strap and top of the rear sight with some visible brown patina, and some minor handling marks. The grips are very fine with defined logos and checkering. Mechanically excellent. The box is very fine.