It turns out the gun is a blued, 4 inch, Colt .38. The stamping says " Colt Official Police 38 " It is a SA/DA and holds 6 rounds. It appears the wood grips are original and worn. It has 62 stamped on the backstrap. It has a fixed front sight, and the rear sight is about 2 inches long and runs along the spine of the cylander. (it appears to be an early form of a rail). It has very few scratches or blemishes, and some minor holster wear. The serial number is 687120, and there is a "Y" stamped underneath.
Interestingly enough, the container also had a shipping document for the gun. It originated from the War Department, and shipped from the Rock Island Ordnance Depot to his father in Chicago. It indicated the gun was used, and the document was dated 1/24/46. The price for the gun.... $19.87.....
So my questions are: Does anyone know anything about this particular gun, or have any experience with it? Althought I'm sure it will never leave the family, what is the value of this type of piece? Would anyone have any hesitation in firing this gun since it appears in operable condition. The action is smooth, the barrel is spotless, and the cylander is clean and smooth.
If I can figure out how to add a picture, I'll do it in a subsequent post.

Mucho Gracias