Stevie-Ray, those are nice little guns, if the barrel's rifling hasn't been worn out. Mine is pretty worn and isn't very accurate anymore. It's only good at 10 yds. or less for a "center mass" shot. One of the first times I shot mine, fortunately at an indoor range, the front sight popped off ! I was on my hands and knees looking under the bench and feeling around the floor 2-3' in front of the firing line and got lucky! Took it to a gunsmith I know and he was able to "pin" it back on securely.
So keep an eye on yours or have it checked out. If yours is the a similar "vintage" to mine, the post that holds that sight to the slide goes all the way through the top of the slide. When the 'smith checked his book, we estimated the age of my pistol at about 1922-24. based on the serial number. You also have nice wood grips on yours. Mine has the black "plastic" ones with the Colt name engraved in them.