I found a iphone 5 on its factory settings?

I found a iphone 5 on its factory settings i could tell its been used alot as its been damaged (still good tho i mean as in scratches) but if i were to give it to the police can they still manage and find the owner? If not so, should i just keep it?

Added (1). Well i did activate it and its blank its just like a new phone but i'm using it currently but if it could return to the owner i will gladly give it to the police (but if the police is just gonna ceebs it then ill keep it)

Your choice do you want an iPhone to sell and get some money out of it or give it to the police which they would really not even bother with it.

If no contact info is present yet it has the wear and tear it may have been stolen. Call its voicemail/number and hope for some info on the recording, if not wait and see. They might call or something. I'd give it a few weeks before deciding what to do with it

Every mobile phone has a serial number which can be traced. If you kept it, you would probably find that it couldn't be activated.