Not a Navy
Check out eBay item # 2211145441. Seller has it listed as a WWI Navy. I have sent an email to him identifying it as a Portuguese M2 army. It is a pretty good looking holster with the welting around the top flap and the holster opening, but the belt loop, pin punch loop, and cut-out for the toggle knob on the inside make it Portuguese. Still, a nice example of an early holster.
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If it's made after 1918...it's a reproduction
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