Collecting and evaluating early 20th-century revolvers requires attention to provenance, mechanical condition, and unique modifications that tell the firearm’s story. This review focuses on a Smith & Wesson piece that blends period manufacturing with later alterations, offering both shooter-friendly features and collectible character.

SMITH & WESSON M&P W/PEARL GRIPS — Serial number 17568, made early 1900s. This .38 Special with a 6.5″ barrel shows evidence of a past refinish and now displays a mostly dark gray to brown patina. The action indexes and locks up but shows some movement to the cylinder. At one time the revolver was converted to a round butt profile and later metal was added on both sides to restore a square butt profile to accommodate the Pearl Grips (PR70292). Priced at $450.99, this piece represents a balance between usability and antique appeal.

Design and historical context

The M&P line from Smith & Wesson is historically significant for its durability and practical design. This example, made in the early 1900s, carries a serial number that confirms its age and era of manufacture. The applied patina and evidence of refinishing indicate service life and later care, which can be attractive to collectors who prefer character over factory-new appearance.

Mechanical condition and serviceability

The revolver indexes and locks up, though some cylinder movement is noted. For a shooter or buyer, that means the timing is functional but should be evaluated by a qualified gunsmith before heavy use. Common service tasks include tightening cylinder endshake, verifying timing under load, and inspecting the forcing cone and barrel for throat condition. When properly serviced, a well-maintained .38 Special with a 6.5″ barrel can be reliable for range sessions and casual target work.

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Caliber and shooting characteristics

The .38 Special is a proven cartridge: mild recoil, broad ammunition availability, and a wide range of bullet choices make it practical for target shooting and historical carry demonstrations. The 6.5″ barrel increases sight radius and can elevate muzzle velocity versus shorter-barrel examples, improving accuracy potential for deliberate shots.

Collectibility and value

The conversion from a round butt to a reconstructed square butt to accept pearl grips is a notable customization that gives this revolver a distinct look. While factory-original examples command premiums, this piece’s combination of age, visible service history, and cosmetic uniqueness at $450.99 makes it an attainable entry for collectors who want character and shooting utility.

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