Many of the 2nd model HEs were built on 1917 frames that S&W bought back from the government after WW I. 1917s had lanyard loops.
Can't really say about the price. A lot depends on where you live and the condition. Is it a 6 1/2" (seems to be the most common) or possibly a 5"? Can you post pictures?
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John 3:16
WAR EAGLE!
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