John,
Welcome to the Parker Forum and congratulations, you've inherited a beautiful old Parker Grade 2, 12ga, with 30" damascus barrels.
I would not touch the receiver other than rub it down with oil. The screws look pristine although I can't see the screw on the underside of the receiver.
Here is what I'd do if it were mine. Get the stock repaired by a good stockmaker and have it refinished in shellac and oil.
I'd also get the barrels checked out and refinished. This assumes that the barrels are in good physical condition other than the dent I see in the picture and that the wall thickness is good. If you do these things, you'd have one beautiful Parker.
I would not dry fire this hammergun, but you can fire it with snap caps.
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