The cylinder may very well be partially unscrewed. On most of the top break guns, the cylinder can be removed entirely by breaking open the gun, holding the latch up and then unscrewing the barrel while pulling up on it. On this gun, it may just be a matter of holding the latch up and re-seating the barrel.
Either way, I agree with the assessments that you did fine at $130. Even if it's a wall hanger, it's still a good representative example of one of Smith & Wesson's most venerable lines of revolvers.
By the way ... when you're removing or installing the cylinder, make sure you don't let the latch drag on the outside of the cylinder (in other words, hold the latch up very firmly). Many otherwise good cylinders have been scratched by loosely held latches ...
Mike
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