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Welcome to TFF.

You have a small frame hammerless second model made in 1905 for the black powder .32 S&W cartridge.

The 2" barrel version was advertised as the "Cycle" model "for cyclists and autoists --- a perfect revolver for women, as its weight and size would not be noticeable in a handbag, or a holster worn below the knee"

They are scarce in that condition, and it should be worth a couple hundred to an Iver Johnson collector.
 
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