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Here's the BAD news.
The serial number and the US Property stamp have been removed from the frame.
The serial number and Property stamp were originally stamped on the right side of the frame, just above the grip screw bushing.
This is unfortunately not that uncommon for guns that were "brought home" (stolen) from the military. People assumed that if the serial number and US Property stamp were removed, no one could prove it was stolen government property.
This is why Federal law was changed to make possession of a gun with a defaced, altered, or removed serial number a felony crime.

Removal of the serial number made this an illegal gun to have in your possession, no matter who did it, or when.
Federal law is clear that any firearm that ever had a serial number (and this one certainly did) is an illegal gun. This is also a State crime in all 50 states.
Get caught and you will be arrested and very probably either plead guilty or get sentenced to prison.

There's is however an "out", and that is to contact the ATF and have them assign a new serial number that will be stamped on the frame, making it a legal gun again.

Here's the relevant information.

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PLEASE understand that this is no BS. This is a very serious situation and you can be in REAL trouble with the Feds or local law enforcement.
As far as the law is concerned, this is about on the same level as having a stolen gun.
Get caught with it, and the gun will be confiscated and destroyed and you'll be charged with a Felony.
This means that you'll forever lose any right to own a gun.
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