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Welcome to the forum.
It is very safe to say that the revolver is not a Smith & Wesson. It appears to be a double action (by the shape and location of the trigger) "copy" of the Colt Single Action Army. S&W did not manufacture any firearms in Spain so the MADE IN SPAIN markings gives further proof that it was not a S&W.
There were any number of firearms produced in Spain that were marked with markings that would lead the uninformed that the arms were either Colt or S&W (mostly S&W).
Value, most likely not very high.
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1911's forever, or at least until they come up with a hand held electronic rail gun.
Ne Conjuge Nobiscum
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