jwh32, Welcome to the Forum. Very nice Bicycle gun!. It s possible it was shipped with Pearls, but most likely it was hard rubber, if the factory letter doesn'rt mention the pearls, and the dealer put on the pearls. I have the first .32 Bicycle gun that S&W shipped, in my collection. It's blue, with hard rubber. It's a 1st model, special order, ser. # 53252, shipped June 14, 1893, and is documented in the Floor Foreman's Day Book in 1890. There's a few with lower serial numbers, but were shipped several years later, as the factory did not ship in serial number order. They are interesting guns. Ed.
