Hi Erik welcome to G&G.
Ok today I have good news and I have bad news for you.
Your Carbine is a Saginaw SG. That is one of the more rare varieties of M1 Carbines.
Carbines are whatever the reciever is not what the barrel says.
There are a few problems I can see right away with your rifle.
Someone in the past has put a sling swivel into the SLING SLOT of your carbine.
This appears to have been drilled in. This will bring the value of your rifle down.
The correct way to secure the rear of the sling is with an M1 Carbine oiler bottle. Believe it or not.
Can you see any initials in the sling slot? They would probably be where the swivel is drilled into the wood.
Your reciever has been drilled to allow the scope to be attached. This will significantly bring the value of your carbine down.
Your rear sight is missing to allow clearance for your scope.
This can be fixed by installing a new sight and really does not affect the value much.
It has been refinished. This will lower the value as a collector but not as a shooter.
Although we cant tell you exactly what is wrong with your rifle I would bet that dad took your op rod spring out. You will have to tell us what your rifle does that makes it a single shot.
To me it looks like it had a bayo lug on it at one time.
Cant really tell from your pics though.
Is the wood kind of rough in the slot where the op rod slides? It would be the lower part of the slot in this pic.
One other thing is there any import markings anywhere on the rifle? This would say CAI or Bluesky or something like that.
A very good rifle. I would say if all original at a gun show or most shops a SG would go for around $1200.00 to $1500.00. Maybe more.
Yours would be in around the $400.00 to $800.00 range I would say.
But you never know maybe someone likes a scope on an M1 Carbine.