Hi,
Yes it is possible to have a round in the chamber and a full magazine, although that wasn't standard practice. With a full magazine inserted, you'll find a total of 8 round, one of which can be located in the chamber, giving you 7 in the magazine.
Although it's safe to say that this pistols firing capabilities are a thing of the past, it is good to observe some caution. The rounds themselves have brass cases and survive in the ground pretty well. The bullet jackets are usually copper washed steel, so expect those to be severely corroded.
I would suggest removing the loose dirt first, then soaking it in a bath of solvents for some time, removing dirt as it works free of the gun. A brass wire brush and some gentle brushing can work miracles.
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