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Your gun is a PH-Grade hammerless gun of 1891 vintage. When the hammerless guns were introduced in 1888, the Quality 2 or GH-Grade was the lowest offered. In 1890, Parker Bros. introduced the Quality 1 hammerless gun, the PH-Grade. Only during certain time periods did Parker Bros. include the H for hammerless in the grade stamp on the watertable. In The Parker Story they picture serial number 225983 with PH above the serial number and P below on the watertable.
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