Ignore the 8486, which is just a process control number and has no meaning once the serial number goes on the important parts.
That's a .32 Hand Ejector, Third model. It probably dates to 1919. Any shootable early 32 with a swing-out cylinder is probably at least a $250 gun, maybe a little more depending on condition of the finish. Depending on he geographical area in which you would try to sell it, I'd guess that is a $250-325 gun.
Yes, they are a lot of fun to shoot.
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David Wilson
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