The insert does not refer to smokeless powder, but rather to a bullet with grease and a plunger inside. The theory was that as the gun was fired, the grease would be pushed out by the plunger in the base of the bullet and exit holes near the head of the bullet. I rarely see boxes of this type anywhere and suspect that they did not last long. The insert would have been appropriate for the black powder era only and I found the details in a 1903 S&W Catalog.
No explanation as to why the serial numbers are off by by an odd number, but here is my guess. A customer walks into a hardware store in the mid-1890s. He wants to look at a few guns and looks over a few 38 DAs. He buys something, or not, and the store clerk puts the guns back in the boxes, but makes a mistake with a couple of 5" guns. No big deal, since the guns would have been 5" or they would not have fit in the boxes.
As for the gun, roughly 20% of the 38 DAs listed in the SWCA database are 5", so a great many were made. By the way, the 3 1/4" barrel made up the largest segment with about 40% of total production of 3rd, 4th, and 5th Models.
The finish looks original, except for something very strange that has happened to the cylinder. It obviously shows copper under-plate, but the nickel appears to have just simply disappeared??
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Gary
SWCA 2515
Last edited by glowe; 03-22-2020 at 10:01 AM.
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