I could not find anything on the Smith chapter, but it does have simularities to the Remington 51 .32 manufactored between 1918 and the late 20's and the Savage 1907 .32 with the 380 being introduced in 1913. Perhaps it's a proto-type that never made production? I dont know I got a pretty good publication and it's not there.

appears to be a very rare pistol

Average Joe's Handgun Reviews

Before we forge ahead with the 952 let’s examine its pedigree. Anyone who knows me knows that I like history; so sit back and relax while I bore you with some S&W trivia.
Smith & Wesson began its foray into center fire semi-automatic pistol in 1913 with the model 35 which was produced from 1913 to 1921. There was a very strange grip safety located on the front strap and she fired the now obsolete .35 S&W cartridge. People did not rush to purchase the model 35 and Smith & Wesson dropped it from their catalogue after 8 years. Just about every handgun manufacturer produced a small .32 caliber pistol and the factory must have felt left out because 3 years later they debuted their own .32 ACP offering. This is an extremely handsome pistol but from what I can tell, this pistol did not even merit a name or model number designation. Supica/Nahas’ superb book, Standard Catalogue of Smith & Wesson 3rd Edition just refers to it as the Smith & Wesson .32 Semi-automatic Pistol. There are some excellent photos on collectorsfirearms.com (where I lifted the photo used here) and nowhere on this pistol is there a model designation. While this pistol remained in the S&W catalogue for 12 years only 957 were ever made. Compare this with the Colt Model 1903 Pocket Hammerless in .32 ACP in which was manufactured in boat loads and actually saw service in WWII (and probably WWI unofficially).

Value depends on a lot of variables.

One listed at the site mentioned above for $3500 http://collectorsfirearms.com/admin/...hp?itemID=4616

Originally Posted by bruce333

appears to be a very rare pistol

Average Joe's Handgun Reviews

Value depends on a lot of variables.

One listed at the site mentioned above for $3500 Collector's Firearms

And if I may add to your thread, I was just at Gun Broker and I had to punch this into there computor...Smith & Wesson .32 it's only a mag, but he writes a little in the description.

Thank you so much everyone! I thought I would never find out anything about this gun. My goodness folks, glad some people do their homework. What a gem huh? There is very light rust on some parts, have to find out the best way to clean her up.

Smith & Wesson Collectors Association

There is very light rust on some parts, have to find out the best way to clean her up.

With a piece this rare, it may be best to do nothing except prevent further rust.

Baa, I ain't worried. I already got most of it off with the wire wheel Hehe. I kid, I kid.

A good, non-destructive way to remove rust is to rub it with a piece of balsa wood (from a hobby shop) with some oil on it.
Balsa is so gently abrasive that it'll remove light rust while leaving the underlying blue alone.

Wow, ingenious. I'll give it a whirl I think... Thank you all!

Originally Posted by Steve M1911A1

A good, non-destructive way to remove rust is to rub it with a piece of balsa wood (from a hobby shop) with some oil on it.
Balsa is so gently abrasive that it'll remove light rust while leaving the underlying blue alone.

Pencil erasers work too. I like the white ones as they are less abrasive. But note that the rust itself is an abrasive, so brush way the rust particles frequently so as not to scratch the finish whether using the balsa wood or the pencil eraser.

(The main reason I like the pencil eraser is that you always seem to have one around, balsa frequently requires a trip to the hobby store.)

+1! Don't rub it except to fondle her....and then very sparingly Just wipe her down with Corrosion X, It will stop any further rust development cold. Leave any other issues with rust (removal) to an expert in vintage guns. Better safe than sorry. Just my humble opinion; as one should do what one wants with their property

Originally Posted by bruce333

Smith & Wesson Collectors Association

With a piece this rare, it may be best to do nothing except prevent further rust.