@alsancle
YO
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Well, 332 Cu. In. "V-Type Eight" limits us to 1916 to 1928. The Two-Power-Range EIGHT means the special carburetor that has more fuel jets kick in at a certain throttle setting. Somebody writing auction house catalogs trying to sell a green Model 56 like this claimed it means 2-speed rear axle(incorrect).
@Peerless28 Interesting about the fuel jets. Did all the V8 cars have that or was it only certain ones. The Mercedes 540K Supercharger system works like that were two additional jets kick in when open up the blower.
When I first saw this, I was away from home and couldn't pin down the date. You know, at some gin mill or den of iniquity(was at a coffehouse/bakery, then a party where I had a Mexican Coke from a taco truck). Now I'm home and have cut the grass for the first time, and I have access to Richard Lichtfeld's "The History of the Peerless Automobile Company", 2009. Lining up the MSRP's from the ad you found, the Coupe pictured is a 1919.
Both in the ad and book, the 4 pass. Coupe is $3,320...7 pass. Touring Car $2,760, 7 pass. Sedan $ 3,530.