Cam,
It is a 1928 E flat (Eb) alto made by Frank Holton in Elkhorn, per the serial number you provided (32846). The LP stands for "low pitch"--i.e. the correct pitch for modern instruments. (There used to be high pitch instruments made too, that now won't play in tune with modern stuff.)
These older Holton alsos are very common, and not worth much, although we Holton fans like them. They go for around $150 commonly, even less.
It probably needs an overhaul too, which is $$$, which also doesn't help your resale.
Of note: Don't take a harsh cleaner to it to try to take the tarnish off--those can do damage. The sax may be worth more to you as a keepsake that it is for selling, but if you decide to sell, well--above info is realisitic.
It is a 1928 E flat (Eb) alto made by Frank Holton in Elkhorn, per the serial number you provided (32846). The LP stands for "low pitch"--i.e. the correct pitch for modern instruments. (There used to be high pitch instruments made too, that now won't play in tune with modern stuff.)
These older Holton alsos are very common, and not worth much, although we Holton fans like them. They go for around $150 commonly, even less.
It probably needs an overhaul too, which is $$$, which also doesn't help your resale.
Of note: Don't take a harsh cleaner to it to try to take the tarnish off--those can do damage. The sax may be worth more to you as a keepsake that it is for selling, but if you decide to sell, well--above info is realisitic.
