First -- welcome to the WCHA!
Having a few more photos and knowing the length of the canoe would be very helpful. Does it have a keel, or if not, is there evidence that it once had one?
There are two potential canoes in the 16048X series that seem like they might be your canoe -- othere in the series are less likely or are clearly not your canoe.
The Old Town canoe with serial number 160482 is shown as 16 feet long, CS (common sense or standard) grade, HW (heavy water) model equipped with a keel. The woods used in construction are not specified. The canoe was built between July and September 1953; the original exterior paint was Fire red. It was shipped to Valley Falls, Rhode Island on August 2, 1954. A scan of this build record can be found by following the link behind the thumbnail image attached below.
The Old Town canoe with serial number 160484 is shown as 15 feet long, CS (common sense or standard) grade, a 50 Pound (lightweight) model originally without a keel, but equipped with a keel and new seats when it was returned for repairs (one rib, new canvas, etc.). The woods used in construction are not specified. The canoe was built between July and September 1953; the original exterior paint was Dark Green. It was shipped to the Worcester Area Council, Boy Scouts of America, Sterling Junction, Massachusetts on September 16, 1953, but returned damaged on October 16, 1953, and it was repaired and fitted with seats and keel in October-November, 1953. There was subsequent correspondence about the canoe on May 5, 1954 from Harriman, Tennisee. A scan of both sides of this build record can be found by following the link behind the thumbnail image attached below. It should be noted that canoes shipped to Scout camps often lacked seats -- the scouts were expected the kneel, leaning back against a thwart.
So if this is an Old Town canoe, and if it’s number is 16048X, knowing the length would be useful. If it is yet another number, it would be useful also to know if it has a keel. Photos of the seats and the hull profile, especially of the bow/stern profile, would also be helpful.
These scans and several hundred thousand others were created with substantial grants from the Wooden Canoe Heritage Association (WCHA) and others. A description of the project to preserve these records is available at
http://www.wcha.org/catalogs/old-town/records/ if you want more details. I hope that you will join or renew your membership to the WCHA so that services like this can continue. See
http://www.wcha.org/about-wcha to learn more about the WCHA and
http://www.wcha.org/store/membership to join.
It is also possible that you could have another number or manufacturer if this description doesn't match your canoe.
If you are new to canoe repair/restoration, when considering any restoration work, whether you plan to do it yourself or to hire a professional, there are three good sources of information about canoe restoration that you would do well to get, or at least look at, before making any decision about how to repair or restore your canoe:
The Wood and Canvas Canoe: A Complete Guide to its History, Construction, Restoration, and Maintenance by Rollin Thurlow and Jerry Stelmok
Building the Maine Guide Canoe by Jerry Stelmok
This Old Canoe: How To Restore Your Wood-Canvas Canoe, by Mike Elliott
The first is often called the "bible" of canoe repair, restoration, and maintenance; the second is an excellent study of the wooden/canvas canoe and its construction. The third is the most recently published and has been well received.
Of course, you can always ask questions here on the forums. There is a good deal of information here on removing fiberglass.
You might also want to look at
The Old Town Canoe Company by Susan Audette and David Baker, a great history of the Old Town company and its canoes.
These books are all available from the WCHA store, are often on eBay, or from Amazon.
Feel free to reply here if you have any other questions.
Greg