A little on the rough side, shooter grade for sure. A lot depends on what kind of shape the internals are in. If the timing is still good, and the internals are clean? It could make a nice shooter. Not exactly collector grade with those cosmetics. Cool pistol nonetheless. I have two of them. Value is hard to say. Probably not much due to the cosmetic issues regardless of other conditional factors. There are only so many people interested in these guns. And there are only so many people that will pay out good money for them. And this crowd generally looks for clean ones. It does not appear to me that it has ever been refinished.Found it along with a 1911A1 locked up by my grandpa for about 70 years or so in a box I just cut open with an angle grinder. Serial number 315xxx i believe it’s 1921. Chambered in .38-40, Maybe 5-1/2” Barrel. Original blued (don’t believe refinished). I can’t find any information about it’s specific year and what the price might be for one in this condition and barrel length. Any help would be appreciated. Can gladly supply more information if necessary.