I just found this thread, and boy is it a good one!!

Here is my first Pre-Victory 38-200 that I obtained earlier in the week. I think it is going to be one of the South Africa contract guns as the serial number, 685147, falls into that range. It's a 4" barreled gun in .38 S&W. It also has either O or D Smith scratched into the bottom of the left grip.