My only two S & W's with lanyard ring are as issued way back when. The US Army Model 0f 1899, Letters as shipping to US Armory, Springfield, MA on March 29, 1901, and the US Navy Victory Letters as shipping to US Navy, Oakland, CA on December 17, 1942.
Funny though that of the many pictures found of WWII flyers packing Victory revolvers in their shoulder holster, I haven't run across many of Victory revolvers with a lanyard attached to anything, but I sure can understand the need if on horseback (WWI) and at a gallop!
I did as a youth witness the use of a lanyard without a lanyard ring on a S&W revolver. The dairy farmer that I used to get paid to shoot woodchucks in his cow pastures would sometimes take me fishing for brook trout in a stream on his property, and he always had a K Frame (don't remember if 22 or 38) hanging around his neck on a leather thong tied off to the trigger guard. That stream was deep and fast, so we always had waders and the lanyard seemed a good way for him to keep the gun handy I guess.
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Charlie B
SWCA#3083, SWHF#570
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