That is a nice PH you have. And on a 1 1/2 frame. With the Parker steel barrels, if they have at least 2 5/8" chambers and are sound, they should handle modern shells fine though I would recommend not shooting heavy loads, primarily to protect the 104 year old wood stock. The gun has an extractor not an ejector so it is designated as PH. The PH grade was referred to as a grade 1 gun. I don't see the grade marking on the barrel flats and honestly don't know if they marked grade one barrels as such. I won't put a value on it but I'm sure others will oblige.
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