Yes, it was proofed in January of 1923 (that's what the 1.23 means). The number beneath that is the ledger number of the proof house's records. The left barrel bears the "Crown W" proof mark, which if my failing memory serves - indicates a choked barrel. The lack of this stamp would imply a cylinder bore to the right barrel. It's a nominal 16 bore. The "Crown S" stamp was for smoothbore barrels, and the "Crown U" was the provisional proof marking. The "smashed bug" symbols are also typical proof marks. (It's actually an eagle with spread wings). The frame bears the "Crown N" proof - meaning proof with nitro powder. It's common to see the service load stamped onto the sides of each barrel, near the breech end. It should indicate the weight (in grams) of the shot charge, over the weight (in grams) of the powder charge. {One ounce of shot will be marked approx. 28.4 grams.}
I also completely agree with Kensal - don't refinish anything ! That's a nice gun, and I always liked sideclips - it's such a cool touch !
Get it checked out & shoot 2 1/2" ammo. (I use RST - their stuff is top quality !!!)
John
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