mediocre piece due to markings/make occupation..e tc, and the fact that it has no capture papers sets it's value among the low side of common examples.
the engraved initials pretty much shoots the value in the foot as far as a colelctor goes... It's a shooter grade now.
IF ithad caputre papers, and the initials engraved in it matched the capture papers.. it might have bumped up, as you have something of it's history.. etc..
depending on finish, and grips and if they are chipped or intact, and if all parts are correct, a good example might fetch 350-500.. with the markings and whatnot, and guessing average condition.. I'd wager 100-150$ max... just shooter/gun value. I honestly don't see it fetching more... at least.. that's likely what it would get on an auction board. a pawn shop might go 50$ maybee 75$ .. you could likely get the most out of it in a private sale if legal in your state.. but I still don't see a , as marked, 32acp bringing over 150$
I'm not an expert.. just a collector of mid 1800 thru 1960's arms.