Trying to put a value on anything with just the limited information provided is hard to do. Value depends on a combination of many factors. You have only provided the most generic description. Without a detailed description to include, finish, barrel length, stock material, sights, box, original paperwork and any accessories, only a general estimate can be given. This weapon could be in the 10-200 USD price range more or less.
ammunition is available for both the 32 cal semi auto and revolver..................
20-80 usd
If your pistol is a new police model 32 cal, your serial number dates to 1906. The value really depends on the condition. Take it to a gunsmith or appraiser or go to auctionarms.com to get an idea of what they are selling for.
200-250 or so
50-500 depending on specifics
under police positive 32 cal made about 1908
Professional appraisal, auction sites.
without more of a description it could be 10-1000 USD
Blue Book of Gun Values can help with value
How do I open an Iver johnson 32 cal pistol?
made about 1904. In 32 cal. value depends on condition
The value of a Titan handgun 32 cal is $159.99.