The hammer and trigger appear to have been replaced since it has a star stamp on it. Assume this was a private's model upgraded to an officer's during re-arsenal at a time when the authorities no longer cared about defacing the imperial markings. Not sure what half the markings are on it. Grip side panels were replaced with bakelite, front and rear are original wood.
Let's review...
...These m1895s really shine suppressed. Buy a few boxes of Prvi Partizan and then reload them. To cut the brass or using the .32 ACP conversion defeats the whole gas-sealing feature which makes this firearm so unique.
These were reloaded w/o even having a 7.62x38R die set.