This ultra rare variation of the S&W .38 Safety Hammerless Revolver is one of less than 50 manufactured with a 1 1/2 inch barrel. The accompanying factory letter confirms the 1 1/2 inch barrel, blue finish and checkered black hard rubber grips. This was a single unit order billed at $26.50, shipped on December 7, 1932, and delivered to Wheeler's Co., Utica, New York. Matching serial numbers are found on the butt, right grip panel, cylinder, barrel and barrel latch. Pinned blade front sight, correctly lacking barrel and rib markings, and right side of frame stamped with the S&W monogram and "MADE IN THE U.S.A."

Excellent overall, retaining 99% plus original blue finish, a faint cylinder drag line, minor collector type handling evidence and crisp grip checkering. Mechanically excellent. Do not miss your chance to acquire one of the less than 50 S&W .38 Safety Hammerless 5th Model Revolvers manufactured with a 1 1/2 inch barrel. A must have for the serious S&W collector!