This is one of only 94 K-32 Hand Ejector Target revolvers Smith & Wesson manufactured from 1936 to 1941. These revolvers are found in the 653388-682207 serial number range and are built on the square butt K target frame with 5 screws and pinned 6 inch round barrel. It is one of the rarest pre-war K frame revolvers manufactured by S&W with only approximately 94 manufactured. After World War II this model became part of the K-22/K-32/K-38 Masterpiece series of target revolvers. The accompanying factory letter states the revolver was shipped on May 15, 1940, and delivered to Clapp & Treat Co. of Hartford, Connecticut, with a 6 inch barrel, blue finish, and checkered walnut Magna grips. Matching serial numbers appear on the butt, cylinder, and barrel.

Exceptionally fine, retaining 95% original blue finish with a cylinder drag line, patch of pitting on the sideplate, a few blemishes on the underside of the barrel, and edge wear. 97% original case colors remain on the hammer and trigger. The grips are excellent with overall crisp checkering. Mechanically excellent.