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I am also new to the forum and just as I have read in other posts on this subject, I, too, have inherited an Iver Johnson Hammerless, 5 shot, revolver. On the top of the barrel is stamped: IVER JOHNSON ARMS & CYCLE WORKS FITSHBURG, MASS. U.S.A. PAT'D APR 6 86 FEB 15 87 MAY 10 87 MAR 13 88 AUG 25 96 PENDING. It has a 3" barrel, an S/N 42613 on the bottom of the grip; it has a flat mainspring but no visible numbers inside the grip covers or grip, but it does have an S/N 51829 on the underside of the barrel visible once the revolving cylinder is removed. My questions are the usual, what caliber is it? What ammo do I use? When was it made? And what might it's value be now (pretty good shape)? It was my father's and before that my grandfather's. Thanks for your time. jmnsr
 

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The markings and their locations you list indicate you probably have a large frame .38 2nd model made 1900-1901, but there should be a serial number with letter prefix on left side of the metal butt frame, hidden by left grip plate.

If the cylinder chambers measure about 3/8" diameter, it used black powder .38 S&W caliber ammo.
 

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And without a picture, value is anyone's guess, from the well worn condition of most of these old guns I would guess less than a 100 dollars, maybe a whole lot less, don't know.
 
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