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Welcome to the forums from the Wiregrass, Alex! You have a .38 Victory, British Service Revolver made during WWII likely late 1944 or early 1945. The V preceding the numbers is part of the serial number. The P under the barrel is the military acceptance stamp. It once had a butt swivel and lanyard ring but the mounting hole has been filled. It was reamed for the longer and slimmer .38 Special cartridge as you note. Originally, it was chambered for .38 S&W which is a shorter, fatter and less powerful cartridge. You can shoot both cartridges but .38 Special casings will swell and may crack. This is not unsafe but cracking ruins the casings for reloading and they may be hard to extract. Originally, the BSR came with a 5" barrel and many were shortened to 4" and 2" for the civilian market. The grips are not original and date from after 1968. Values run in the $400-500 range.
 
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