Very nice revolver, but my bet is that the pearl stocks are not original. As I understand it, there was never a time in the early Twentieth Century when S&W would have used non-medallion pearl stocks. Starting in 1893, medallion pearl stocks became standard, which was carried on until at least WWII. Only walnut service stocks from 1900 to 1910 went without medallions. Distributors and retail stores would often fit their own non-medallion pearl stocks on revolvers, especially nickel Safeties, for sale.
I have a pre-1910 M&P box and the bottom has a photo and description of the factory pearl stocks clearly showing the medallion.
If you have evidence otherwise, please post.
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Gary
SWCA 2515
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