I own a nickel-plated Smith and Wesson 32 "New Departure" with pearl grips, serial # 168XXX (168890 for the DB). It has the S&W logo stamped on the right side of the frame, and small S&W "Buttons" set into each side of the grip.

There is a bit of wear of the finish, and some surface rust, but the pistol itself seems tight. I would guess 70%. I have not yet fired it.

I think, from what I have trolled on the boards, it would have been produced sometime around 1902.

Before I pay for my local gunsmith to inspect it, would anyone be able to tell me if 1) These guns in good shape are able to handle modern ammunition (and whether the 32 S&W Long I see is the same as this gun shoots), and 2) Approximately what it would be worth should it be considered mechanically sound?