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This would be what's known as a "Private Issue" Colt model or it could be a "one off" made just for that officer.
Colt will make custom guns through the Custom Shop and will make Private Issue guns in at least 25 gun runs for anyone willing to pay the money.
These are made for fraternal organizations, police associations, clubs, wealthy people wanting a special gift for friends or customers, etc.
Unlike standard Colt factory limited issue or Commemorative issue guns, Private Issues are private, and these guns don't get listed on the usual lists of Colt Commemoratives or limited issue models. Often, only Colt and the buyer ever know they exist.
Since there is usually no public knowledge about Private Issue models, we often don't even know they exist, much less how many were made, when, how much they cost, or who they were made for.
That can make assigning a market value almost impossible.
A large part of the value is that the gun come with the original boxes and covers and any papers or anything else it originally shipped with, and be in unfired condition.
Fire ONE shot and the value plummets.
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