[justice4all]

Does, or did, anyone make such a creature?

[Glamdring]

I know Bowen could do that for you, not a real cheap option though. Can also get 32-20 IIRC.


http://www.bowenclassicarms.com/

[Glamdring]

http://www.bowenclassicarms.com/sandw.html
"No. SW01 Simple Caliber Conversion Available for most S&W revolvers though, by far, the most popular subject is the Heavy Duty N-frame fixed-sight model. Includes reboring, re-rifling, recrowning and remarking the barrel, rechambering the cylinder and a dip blue of the whole gun. Calibers include .38-40, .44-40, .44 Special and .45 Colt. J and K-frame guns are suited to a variety of small-bore caliber conversions but may require the installation of barrels and cylinders. J-frame calibers include the .22 Long Snapper and the .25 Flea; K-frame chamberings include the .25-20, .256 Win. Mag. and the .32-20. Please inquire for details.

No. SW01 from $595"

[Jim Watson]

S&W reissued the M16 in .32 H&R in the early '90s. You ought to be able to find one for the price of a conversion.

Like this one on Gunsamerica.com

GA # 976338846 $650.00 Smith&wesson model 16 32 magnum .Made in 1990 to 1991 only.RARE 4 inch barrel,full underlug ,6 shot,blued,all original including finger groove grips,adjustable sights,excellent condition slight turn ring on cylinder .Lock up tight, excellent trigger , beautiful Smith.No box or papers .Buyer to pay actual shipping .Funds in form of a money order or certified bank check.
Seller: JOHN ROBBINS
FFL Dealer: No Area Code: 414

[prisoner6]

Also you could look for a S&W Model 16. These were reintroduced in .32 Magnum, though not easy to find as were only made for a few years. I think a local shop has one, not cheap, but certainly cheaper than a full Bowen conversion would be.