Valuation Guides World War II Firearms Smith & Wesson Victory Model

How Much is My Smith & Wesson Victory Model Worth?

The S&W Victory Model is a wartime Military & Police variant issued in .38 Special to U.S. forces and in .38/200 to British and Commonwealth allies under Lend‑Lease.

Curious about how much your Smith & Wesson Victory Model revolver is worth? Whether you’re looking to sell or simply understand current pricing, we’ll help you assess the market value of your firearm.

About the Smith & Wesson Victory Model

Victory Models are identifiable by the “V” prefix serials and wartime Parkerized finish. Collectors distinguish U.S. .38 Special contracts from British .38/200 guns. Post‑war caliber conversions on British guns are common and generally reduce collectability.

Origin

U.S.

Manufacturer(s)

Smith & Wesson

Caliber

.38 Special (U.S.) / .38 S&W (.38/200, British)

Action

Double‑action revolver

Service Years

1942–1945

Notable Features

“V” prefix serials, lanyard loop, wartime Parkerized finish, U.S. property stamps, British proofs (Lend‑Lease)

Smith & Wesson Victory Model Values & Variants

Smith & Wesson Victory Model revolvers are highly sought after by WWII collectors and enthusiasts. Values are highly influenced by originality, condition, variant type and any unique historical markings. Most examples on the market range from $400 to $800 depending on manufacturer and provenance.

Common Variants & Value Ranges

  • S&W Victory Model

    Estimated Value: $400 – $800

Factors That Influence Smith & Wesson Victory Model Values

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Originality:

Smith & Wesson Victory Models with original parts, and factory markings typically command higher prices due to their authenticity and appeal to collectors.

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Condition:

Clean, well-maintained Smith & Wesson Victory Model firearms in excellent mechanical and cosmetic condition will sell for significantly more than worn or modified examples.

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Historical Markings / Provenance:

If there are markings or provenance that link your Smith & Wesson Victory Model to a specific military unit, wartime service, or historical event - collector interest and market value can greatly increase.

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Restoration:

Whether your Smith & Wesson Victory Model has been refinished, restored or modified will significantly affect pricing. Original finishes are typically more desirable.

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Colt Python: Minor scratches with approximately 200 rounds through it.
357 Mag Very Good
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Frequently asked questions

Can’t find the answer you’re looking for? Reach out to our customer support team.

What is my S&W Victory Model worth?
Typical values run $400–$800 depending on markings, caliber, and condition.
Do British contract conversions affect value?
Yes. Conversions from .38/200 to .38 Special usually reduce value versus unaltered Lend‑Lease examples.
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