This is an ac40 P.38 made in late 1940.  The high polish finish on these

guns did not hold up well and, when there was a little pitting, it looked

like the surface was actually chipped.  This example is unusual as it has

no pitting and one matching mag.  I would rate the finish at 97% or a little

better.  It came in a ewx 1941 dated holster.  The spare magazine in the

holster in unnumbered.