This is a redesigned version of its fore-runners. Another .22 Short rimfire 7-shot revolver, this model has a fluted cylinder and round barrel with a raised rib. This variation was manufactured totally from wrought iron. Three patent dates are stamped on top of ribbed barrel as is "Smith & Wesson". Features bird's-head type grips of rosewood and fully blued nickel-plated or two-toned. Frame nickel, barrel and cylinder blued. There are two barrel lengths offered: 3.25" and 2.6875". Shorter barrel introduced in 1872. Serial numbering began with #1 and continued to 131163. They were manufactured between 1868 and 1882. Model 1, 3rd Issue was last of tip-up style produced by Smith & Wesson. Short Barrel Version. Rare variation will bring double these values or more.