Smith & Wesson Model 1 1/2 First Issue, .32 Rim Fire 
The "First Issue" of this .32 rim fire revolver has a square butt, unfluted cylinder and octagonal barrel - all features which were changed with the second issue in order to make it look more "modern". The first issue was in fact not even made by S&W, but by a contracted company by the name of King & Smith of Middletown, CT. S&W merely did the final assembly and fitting. It is nonetheless a very good quality gun, and to this day good condition specimens display S&W's fine workmanship and excellent design.
This specimen rates about very fine with about 50% original blue, mostly on the frame and cylinder. The hinge is excellent and tight, the action strong and the indexing accurate. The two-piece rosewood grips are very fine with most of the original varnish in place, and only minor wear on the high spots. The bore is bright and the rifling sharp. 1855 and 1859 patent dates, crisp markings. SN 10981, rated very fine overall.


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