Very scarce gun.
The lawsuit was in place shortly after production and marketing began and was successful.
Production stopped, and most unsold stock went to S&W.
I've read that some were sold with the Merwin & Hulbert name XX'd out.
I don't know if those defaced guns were sold by M&H,,maybe by the actual manufacturer of the M&H guns which was Hopkins and Allen in Ct perhaps.
Trying to get some investment dollars back.
The value isn't really in line with being as rare as they are. M&H name isn't exactly a big collectors field.
The larger frame M&H revolvers do bring decent money however due to their unique design(s).
This Baby Merwin was just a flat out copy of the S&W though and so the lawsuit was placed.
'Excellent' condition examples of this particular revolver usually go for $1000 to $2000.
Here's a nice one w/ivory that went for $2000 + buyers premium back in 2011.
Merwin & Hulbert .22 caliber 7-shot revolver closely resembling 1st model 3rd issue Smith & Wesson
Another one in with 3 other larger frame M&H revolvers.
All looking quite nice. The package of 4 went for $11,500 + Buyers Prem.
This action was in 2012.
LOT OF 4 MERWIN & HULBERT REVOLVERS.
Nice values when you average them all out and consider when the auctions were.
As far as shooting on of these,,I'd stick to CB Shorts in them.
Shooting would be just to say you did so.