Engraved S&W 38. Help figure this out?

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The fellows at Northwest Firearms forum suggested coming here to ask.

My nephews Dad passed and he had a couple guns. Family asked me to help them ID stuff. Now most everything is your standard store brand utility rifles and such. But, this revolver throws me way out of my expertise.
I'm not a old handgun expert.
I'm not a S&W expert.
And I know zip about engraving.
So, I'm asking...help!
I'm thinking early K frame, hand eject, .38 Military and Police. Frame and cylinder are nickel, with the 6" barrel being blue.
Did they ever make a 2 tone like this?
Not a cherry one owner with low miles.
Serial is 265XXX
I'd like to know if this looks like a factory product, or a custom, or whatever?
What do they have here?
Anybody have info or a pointer to where I should look? They brought it to me as the family "gun guy", but I'm out of my league with it.
Thank you for any and all info, pointers and comments!
 

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Neat old gun! Doubtful that is factory engraved. Based on your serial number and the grip style it likely shipped in the mid teens. The serial number will also be on the bottom of the barrel under the ejector rod, the rear of the cylinder and on the back side of the yoke, when viewed thru a cylinder charge hole if all those parts are original. Serial number may also be penciled on the inside of the right grip panel.
 
Your are correct it is a .38 M&P. 241704 was manufactured in 1915. Yours probably not too long after that. My guess is before the U. S. entered WWI. The factory has built some two tone guns, but I have not seen any from the era this one comes from. A factory letter would tell you when and where the gun was shipped and how it was equipped when it left the factory. Like whether it was engraved or not. A lot of engraving was done on guns after they left S&W.
 
I'm not an expert on, well, anything, but with that serial number and stocks wouldn't it have a mushroom ejector knob?
I also think the barrel and ejector have been replaced.
 
Wow, the guys sure weren't kidding when they said this was the spot to ask questions! I'm learning!
Cylinder flutes are blued. Ejector rod is knurled. I'm not real clear on all the different rods, but it's not a mushroom head,
It appears that the barrel was swapped at some point. The numbers on the cylinder, yoke, and frame are all matching 265XXX, but...the barrel is sporting a number of 617XXX.
So...it's a mutt. Kind of a cool mutt, though.
 
The newer barrel does not have the cutout for the 'mushroom' knob. So the knob had to be replaced. The change to the newer style knob was in 1927.
 
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Get a letter. Who knows what you got yourself into. As an aside. Lot of revolvers have different barrels replaced. I have a 2" barrel that was replaced. Not sure how you shoot out a 2" 38 special barrel but there it is. Blows my mind. It would be really interesting on who/why you barrel was replaced. LOL. Again, I like it.
 
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