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We need to see pictures of this beast. The value of a clean original one in excellent shape is in the thousands. One in rough shape is in the hundreds.
 

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1955 Government Models in 45 ACP are in short supply. Your Super 38 even more so. Colt only shipped 2247 of them in 1955. Presuming the internals and barrel are original and because there are so few of them, I think the pistol is easily worth in the neighborhood of $2000-$2200. Some might say more.
Personally, I'd disassemble it, soak it in Kroil or Ballistol for a few days, wipe it down, put it back together and set it aside in a safe place. It's a gift from your Grandfather. Hang onto it.
 

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Discussion Starter · #6 ·
1955 Government Models in 45 ACP are in short supply. Your Super 38 even more so. Colt only shipped 2247 of them in 1955. Presuming the internals and barrel are original and because there are so few of them, I think the pistol is easily worth in the neighborhood of $2000-$2200. Some might say more.
Personally, I'd disassemble it, soak it in Kroil or Ballistol for a few days, wipe it down, put it back together and set it aside in a safe place. It's a gift from your Grandfather. Hang onto it.
I appreciate the insight, yes I plan on hanging on to it for it’s sentimental value. Thank you!
 

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The small-ringed 1950s grips don't seem to be as prone to the shrinkage issue as later ones, and the OP's grips don't appear to be suffering from that malady anyway. They should be removed just long enough to clean and re-oil the pistol, then put back on. Don't leave them off for an extended length of time in case they DO start to shrink.
 
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