This is a model of 1902, because it has the lug under the barrel , to retain the extractor
rod. Its a 1st change because it has the beefed-up barrel and receiver, which is
indicated by the shoulder on the barrel, right where it meets the frame face. This was
a factory engineering change, and not a modification to the gun.

Round-butt pearls almost always, in this period of time, have gold medallions in their
upper part. From the pictures, the area where the medallions would be, is too large.
And, they don't fit the gun quite right . You can see misfit where the ears on the grips
meet the frame. The ears hang over a bit.

Effectively, the gun has non-factory grips. Had those grips been gold-medallion pearls,
the gun would be worth several hundred dollars more, than it is now. These grips do have
some value. As it is, the gun is probably $300 to $350 , maybe as much as $400 to
some buyer.

Later, Mike Priwer