I took the gun to a friend of mine who as an eye for detail. I never saw it, but in the above photo, you can see K81460 on the rear of the cylinder. It also does have 38 S&W Special CTG on the right side f the barrel.
Upon further inspection we discovered that there had once been a hole in the bottom of the barrel about one inch from end, which has since been filled, welded and filed. Very crude. So we have determined that due to that and the excessive endshake and cylinder "wobble" that it isn't safe to shoot. So, this will only get practice snap caps and dry firing. That along with learning safe gun handling, I will be satisfied. For the price I'm not too worried about the fact that it will never b fired. He's still happy to have his own S&W. when it comes time to fire the real thing, he"ll be much more prepared.
Thank you everyone for your I input. It would have been nice to be able to shoot it, but oh we'll.
So with the above serial number, anyone have a firm manufacture date?