Jerry,
They are real ivory, but not Colt made. Colt did make ivory grips without medallions up until 1909-10, I believe, but this pistol was made in 1926.
I don't know if the nickel is original, but it certainly looks like it and I do know that another .380 just 100 below this one was original nickel.
The ivory grips made by "who knows" are worth at least $200-300 by themselves. So I'm into the pistol about $800 without considering the grips. If it's a renickel I figure I'm screwed by about $400. If not, I think I got the brass ring on this deal. All the little dings and scratches you can't see in these pictures tell me this is probably the real deal. I just wish there was a way to tell for sure.
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A heroin habit would be cheaper.
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