Digging through our Guns.com Vault, we found this amazing S&W New Model No. 3 revolver, which prompted us to visit the Smith & Wesson headquarters to get the background on this historic gun.

This unique break-action revolver made its way into our Vault Auctions and boasts serial #1 of just 74 revolvers made with the .38-40 Win chambering in this unique design.

Even if you're new to firearms auctions, Guns.com makes it easy to get started, with bids starting at just 1 cent. Bidding starts Aug. 3 and wraps up Aug. 9, so don't miss your chance to add this rare S&W wheel gun to your collection.

Here are detailed photographs and the key auction details for this unique find in the Guns.com Vault.
 

Table of Contents

Video Overview
Brief History
Detailed Images
Key Auction Details

Video Overview

 

 

 

Brief History


Smith & Wesson is well known for its revolvers, and it made the first commercially successful metallic-cartridge wheel gun back in the 1800s.

But guns like this S&W New Model No. 3 are so rare that it is something even collectors might only see once in their lifetime. Only 74 of these guns were ever made, and the gun is actually a progression of different revolvers. It is one of the most technologically sophisticated guns of the late 19th century, and the top-break action was a state-of-the-art design at the time.
 

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Smith & Wesson Model No. 3 Revolver
 U.S. Patent #136,348 from 1873, filed by D. B. Wesson, lays out the clever mechanism that makes this revolver special.


Opening the barrel also pushed the cylinder extractor forward, which cleared empty casings from the cylinder. For the time, that was a massive improvement over manually extracting spent casings. 

This significantly improved reloading. Still, the design itself is not that unusual today, but this particular variant of the New Model No. 3 chambered in .38-40 Win was a rarity that mirrored similar rifle chamberings of the time. 
 

(Photo: Jake Hageman/Guns.com)
(Photo: Jake Hageman/Guns.com)


Only 74 of these guns rolled off Smith & Wesson’s assembly line, and that makes it one of the rarest S&W firearms out there for collectors.

Beyond all that, this special revolver was part of a very short serial-number family, and it was the first as Serial #1. It shipped from the factory in 1901. That makes it a Western gun in every sense of the word, and now it can be part of your collection. 
 

Detailed Images


Here are some detailed images that showcase this Smith & Wesson New Model No. 3 revolver.

 
The top-break action is a relic today, but it was a state-of-the-art design in its time. (Photo: Jake Hageman/Guns.com)
This gun rolled off the production line in 1901 and is No. 1 of only 74 of the models ever made. (Photo: Jake Hageman/Guns.com)
It's chambered for .38-40 Winchester. (Photo: Jake Hageman/Guns.com)
The break action reveals a six-round cylinder. (Photo: Jake Hageman/Guns.com)
The finish is beautifully aged. (Photo: Jake Hageman/Guns.com)
Smith & Wesson confirms this is one of the rarest of the rare New Model 3s. (Photo: Jake Hageman/Guns.com)
If you're a wheel gun collector or a S&W buff, it doesn't get much better than a unique historic piece like this. (Photo: Jake Hageman/Guns.com)

 

Key Auction Details


Bidding starts Aug. 3 and wraps up Aug. 9 on this historic New Model 3 revolver, with bids starting at just 1 cent. Don't miss your chance to add this one-of-a-kind New Model 3 to your collection. 

Here are some of the key details that make this a particularly special find.
 

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Key Features

 

  • Serial #1: These guns are rare, but this special version is Serial #1.

    Condition: This sample is still in good condition despite its age and is a great example of a historic firearm design.

    Rarity: Only 74 of these guns were made in the .38-40 Win chambering.

    Design: The break-action design was a revolutionary improvement for reloading revolvers at the time.

Alexander Reville - Guns.com Author
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Alexander Reville

Alexander Reville is a writer and content creator for Guns.com who transitioned from the warehouse to the content team fueled by a passion for American history and firearms. A proud graduate of Marion Military Institute and a former minor league hockey player, he remains active as a firearms instructor and private security contractor.

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