Welcome to the SMITH & WESSON Forum. You H&R was manufactured in 1909 by looking at my sources. This makes it a "modern" gun by the ATF, as it was manufactured after 1898. Not an expert on these revolvers, but I had a little .32 H&R at one time, but it had little value. That is probably not an issue for you, since it is a family heirloom. Looks to be in good condition and ammunition is still available for this revolver. Look for .32 S&W ammo. Should be fun to shoot.