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I hate to just tag on here but I too have a 32 CTG that I inherited. Serial number is 1142xx...
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Does your grandfather's gun have a concealed hammer and grip safety like the one pictured? This identifies it as a Safety Hammerless aka New Departure aka "Lemon Squeezer". If so, it was probably made ca. 1901-1902.
OTOH if it has a spurred hammer and the same type of trigger, it's a .32 Double Action, and it's quite a bit older.
If it has a spur trigger and is single-action, it's a .32 Single Action aka New Model One-and-a-Half, but IIRC their serial numbers never made it up to the 114,000 range.