Based upon the information in The Parker Story, I would have to conclude that your gun is at the very least a Grade 1, but more likely a Grade 2, when compared to the photo on the bottom of page 269 in TPS, which is virtually identical to your gun.
There were nearly the same number of T2 guns as there (205) were L2 guns (210) but the majority were D2 ( Damascus).
The engraving on your gun has much more detail and coverage than Grade 1 guns, and Grade 0 guns 'generally' had no engraving.
Grade 1 guns, like Grade 0, are very common in some form of twist steel.
In the end, a Research letter on the early guns will describe the grade of the gun almost entirely on the selling price rather than the physical attributes, such as engraving detail, or barrel steel. For what it's worth, the Serialization book identifies your gun as Grade 2, although it says D2, and not T2. This sort of 'error' is often explained away as a 'transposition error" or assumption made because some information in the original entry suggests a grade 2, but barrel steel may have been illegible, and an assumption was made because grade 2 guns were more commonly barrelled with Damascus steel.
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