S&W made that general type as late as the 1930s, and they were in production for about half a century. If the nickel looks new, I would suspect the gun has been refinished. That would hold down collector value. But if you just want an old-design shooter, this would probably be OK. $200 is about as high as I would go on a gun with a cracked grip panel without knowing more about it. If it is an early model of the safety hammerless with original nickel on it, it would be worth more than $200.
Just a note of caution. The .38 S&W round, which is widely dissed as "anemic" in comparison to .38 Special, actually has a bit of a kick in these small butt revolvers. It takes some practice to shoot them accurately because the trigger pull is long and stiff. If you train yourself to pull the trigger to the point of resistance (which is designed into the action), then aim before you pull the trigger the last sixteenth of an inch, you can get acceptable accuracy at close distances (7-10 yards, say).
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David Wilson
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