Hondo44 - Good job on ID. Not many of these show up.

algrennathan - Hondo has give you the correct name, simply 32 Military and Police. Just before the war, there was a K-32 Target with only 94 mfg, and during the same era as your revolver was manufactured, S&W made a K-32 Masterpiece. About 5000 of your model was made from 1948 to 1950 and the last SCSW publication had $2200 for Excellent; $1000 for Good Condition. Sure the prices are up from 2006.