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Very nice piece but, honestly, there is no shortage of special edition engraved and gold inlayed firearms (those are actually gold inlays, not decals). Everything from police departments to the Boy Scouts commission these things. Yes, it is one of two hundred made, but not "first of", nor sequentially numbered within that 200. The badge number (304) would only mean something if that officer were famous (or infamous) for something.
Values on these kinds of guns are all over the map. Maybe not what you want to hear, but contacting a reputable auction house, and letting them auction it on consignment, might be the thing to do. I don't swim in that end of the pool (where is Tabs when we need him?), but some cursory research should lead you to a number of them.
Good luck. It really is a cool piece. I bet there are folks who collect police commemorative guns.
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