The picture is not very clear. The circled stamp on the frame is "EL", slide text "ELUSTONDO URTIAGA Y CIA / FABRICA DE ARMAS / GUERNICA VIZCAYA".
Will sell two, but keep one. They were made by three different makers, but all have exact same structure. The design of this gun is great... I love this one better than Browning 1922. But its making quality looks lower than FN peacetime production.
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