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Colt Woodsman 3rd Series 1956. Adjustable front and rear sights. Some freckling and light wear. Original grips and magazine.

$500 Shipped and insured to your FFL

Pictures

Your decription does not match the pistol shown. It appears to be a first series made between 1927 and '47, most likely pre-WWII since few were made during the war. This works against you since the first series pistols command a higher price.

Serial number is 165xxx

I may be reading the chart wrong.

Serial number date range

Yep. First series with (I believe) an aftermarket mag.....

That serial number is, indeed, for a 1956 gun but that is not a 1956 gun.

Mag is stamped on the base

"Colt Woodsman Cal 22 LR"

Huntsman is correct. The magazine,clip, is not original to the gun. The sights and grips indicate a first series and the clip should be two tone based on this photo.

It's a first series Woodsman. To check if it's for standard velocity only or for high velocity check out this (from Bob Rayburn's website:

Can I shoot modern ammo in it?
Short answer: Yes. BUT: Woodsmans made prior to 1933 were designed for standard velocity .22 LR. Those made after 1933 were all designed for high velocity .22 LR, with a stronger recoil spring and a case hardened mainspring housing, which is the part that takes the brunt of the recoil. The transition took place in the early part of 1933. They all will handle standard velocity ammo, which is what all target .22 LR is to this day. I do not recommend firing high velocity ammo in one of the early guns (before 1933). Just buy target ammo and use that. It is more accurate, and less noisy besides.
If your Woodsman is pre-WWII it will have a pattern on the mainspring housing, where the web between the thumb and forefinger touches when holding the pistol in firing position. If that pattern is checkered (left), it was made for standard velocity ammo. If the pattern is horizontal parallel lines (right), it was designed for high velocity ammo. If it is a post WWII gun it will have no such pattern, because all were designed for high velocity ammo.

As noted first by Rimfirer the pistol does not match the original description. On closer inspection I see that I transposed the numbers in the serial number. It is in fact S# 156xxx. Making it a pre war model dating to 1942 and making it a late First Series. It does have the horizontal lines on the back strap meaning it was made for HV ammo. Hopefully this will clear up my mistakes and the magazine question as well.

I have added photos to clarify, but today I can't get the link to work.