I had a similar revolver when I was a kid. I'd add that accuracy with anything but HBWC's was dismal, as the .38 S&W bore is a nominal 0.363" which doesn't work well with 0.358" slugs. Also, I got a lot of case bulges and splits near the head, even with standard factory .38 Spl. ammo. The chambers had been were lengthened, but grossly oversized at the base. Personally, the only ways I'd shoot one now is with .38 S&W ammo or not at all. I'd agree that given the alterations from as-issued condition the actual value would more likely be in the $200 or less range.
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