dw57,
Smith & Wesson stopped shipping the 38 Safety Hammerless at about serial number 264400. Are you sure the first number was not a 2. Smith & Wesson did ship some safetys with lanyard rings but it was a special order item. It was never even offered in the catalog as an option for them. They are quite scarce. I know of one 38 and two 32 Safety Hammerless revolvers with lanyard rings and doubtless there are others. I have been looking for them for years and will pay a premium or finders fee to anyone who will locate one for me. If you have indeed found one buy it as soon as possible. But, it would not be a S&W Safety Hammerless with the serial number you mentioned. It could be one of the cheaper Smith clones. Iver Johnson made a revolver called a safety hammer, but it did not have the grip safety in the grip frame. Good luck and let us know what you have found.
Mark
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Mark Connot
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