They look like standard inspectors stamps (H,O) that were hit several times (or bounced). But they're in an unusual spot, and a bit large, so maybe they were added by someone outside Colt as an identifier. The Pony is a bit light, so maybe the gun has been refinished. The ejector rod knob is also wrong - it comes from an Army Special/Official Police.
Here's the pony again - Bottom of each vertical line has an inverted teardrop shape, while the top is pointed, which led me to question whether this was the case or if this was a different mark entirely... Any further thoughts?
Looks like a case of someone saving a few dollars at the engravers and applying their own initials with a steel stamp. The part of the revolver shown has been buffed hard, so the initials may have been part of a total refinish.
Recalled seeing a Shooting Times article with excerpt below:
"With the American entry into World War II, Army warehouses were swept for weapons, and the government located 96,000 plus Model 1917 Colts that were reconditioned and issued to military police and training units
Further examination of the enlarged photos convinces me that the marks were done post-refinish by someone not skilled in stamping metal surfaces, as JohnnyP has suggested. I would guess that they are the initials of the person having the work done (HOP or HOR).
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