What do I have?

[mcnear44]

I don't want to get taken on these two guns espically if this S&W handgun is a Military/Police Issue. I would greatly appreciate any info or any sites to find out what I have if anything worth much. Thanks in advance

1. .38 S&W/ it has on the butt of the handle kinda like a belt clip, it has been shot very many times it appears but it's in perfect shape. On the butt it reads V 428700, then on top of Barrell it says U.S. Property GHD? That made me think maybe miltary? When you open the cylinder (the gun is steel) it reads 77149 Made in the U.S.A
:banghead:
any help would be appreciated

2. The second gun he had was a 12ga. New England Firearms Co. Inc. was imprinted.
-Mnftd in Gardner, Mass
-Pat #3988845
-Serial #NA218757
-Pardner Model SB1 12ga. 3" Modified then a P with a circle around it

If this one's not worth messing with but the top on is, i'll just put them together.

 

[GCBurner]

Number 1 is a World War II vintage Smith & Wesson "Victory" model. If it's calibre .38 S&W instead of .38 Special, it may be one of the ones that was shipped to Great Britain as part of the Lend Lease program for arming the UK at the start of the war. I think the clip you refer to is the steel loop on the butt for attaching a pistol lanyard.

Number 2 is just a plain NEF 12 gauge single barrel working gun. They're still making them.

 

[Sunray]

The 'U.S. Property' stamp definitely makes it a Lend/Lease revolver. The 'Victory' eventually became the S&W Model 10. Should be parkerized with a 'V' prefix S/N. Actually a bit of a collector's piece, so if the price is right buy it. There's a guy on GunsAmerica who wants $875 for one.
.38 S&W ammo isn't terribly hard to get either.
"...They're still making them..." Well, H&R who bought out NEF, who were, in turn, bought out by Marlin, who were bought out by Remington, still makes 'em. Entry level, but serviceable, shotgun. That one was made some time after 1987. H&R will sell you another barrel, but it has to be installed by them. Cheap too. A 28" 12 ga, vent rib with a screw in Modified choke runs $85.

 

[SDC]

You'll also want to make sure that this revolver is actually in 38 S&W, and hasn't been "bubbaed" into a 38 Special; a lot of these revolvers were butchered after the war by running a 38 Special chambering reamer into the cylinder so they would (loosely) take the longer, thinner 38 Special cartridge, but when you fire one, it leaves the 38 Special brass swollen and pregnant-looking. Needless to say, this takes a lot of the value out of a revolver so modified.