1948 Indian Chief with matching numbers. Just serviced. Work performed:

Safety inspection and service
Adjust wheels and bearings
Clean and adjust points
New spark plugs
Oil change
Re-tork head bolt
Re-tork cylinder base nuts
Complete carb rebuild with bead blasted body
New battery
New steering head bearings
Replaced center stud on steering damper
Adjust handle bars and tighten
New speedo fiber drive gear
Front drum rebuild
Kick starter repair

Engine has good compression and is tight. Transmission shifts fine. Bike starts easily. Left hand throttle.
Some reproduction parts on bike, such as front headlight. 6 volt charging system (VW system). Horn is Harley. Scratch on the front fender under Indian head (see pics). All in all, nice 48 that is ready to ride, assuming you can ride with a left hand throttle. Horn was working, but is not anymore. Kick starter was rebuilt and slightly hits the tailpipe when kicked. Can be adjusted if needed.