It could be a built gun. The 2 barrel bands serve no real purpose. It looks like it has rifle rear sight. The barrel stamping needs checked to determine it's age. It could be a refinish with an older barrel

There isn't enough consistency of the parts to make that a factory gun. Saddle rings and that type of front sight are just too early for a gun made in 1946.

At least is is a shootable gun that still looks pretty good...

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