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Howdy. Your friend has inherited a .38 Military & Police from late 1921 or early 1922. The 38 S&W SPECIAL CTG on the barrel is the caliber stamping.

The lighting of the photos isn’t perfect, but there are indications that at least parts (like the sideplate) may have been refinished. The grips aren’t original either. This is a very common model; a rough value estimate as is might hover around $300 plus/minus if it is in good mechanical shape as a shooter.
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