A friend with a S&W 38spl wants to know what it is.

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Is the engraving and jeweling, 'factory'? What model is it? Where should he go to get a value for it?

Serial number on the butt is 458117

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The model is .38 Hand Ejector Military & Police from before numbers were used.
The grips are military type. This might be a WW II service revolver - British contract or US secondary standard. Are there any markings besides S&W trademarks that the engraver did not erase?

Not factory.

I think of guns engraved by hungry Axis gunsmiths during the Occupation, but it could have been done by about any journeyman engraver anywhere.
 
I am (usually) in agreement with Jim. The military grips and elaborate engraving suggest Occupation (of Germany)era work. The serial number would appear to be firmly pre-war but only a S&W letter settles the matter. I'd get one on this piece. I would also get period grips.

People are asking $1000-1200 or so for engraved Victory Models. I can't answer if they are getting anything. Echoing Jim (sort of) I would detrmine if it was born a .38 Special.
 
While the engraving could have been done anywhere, it looks like Japanese work, not German. There is no way of knowing, but like Jim Watson and Waidmann, I think it is occupation era work, sometimes called "carton of cigarettes" engraving because that is what it cost Americans.

Mostly I have seen it on war souvenir and personal weapons but in this case an American may well have "liberated" his issue weapon or one he acquired. If I owned that gun I would be in a quandary whether to put on stocks that would complement the engraving or leave it as is for its historical value.

Jim
 
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