Help ID this .32 Long

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A close friend is liquidating his father's firearms collection due to medical and LTC issues. I'm helping him ID and price the handguns, and this .32 Long is one of the S&Ws that I'm not sure about. I'm mostly an N- and K-frame guy, so these pieces are outside of my wheelhouse. It's a shame that this is one he wants to sell because it was carried by his grandfather for many years. I'm trying to convince him to keep it as a family heirloom, but his only child (daughter) is not interested.

I believe it's a 2" bbl. .32 Long Improved I-frame, 5-screw, round butt with original checked diamond center stocks (later to become the Model 30). The revolver and stocks are in VG condition. The 5-screws and 4-line address lead me to believe it's from the early 1950s. Unfortunately my friend has not provided me with the s/n yet. Any help with a positive ID and DOM would be greatly appreciated. Also, any thoughts on current value would help, too. Thanks in advance.
 

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Looks to be in great condition, with the SN we might be able to get close to a ship date but probably around 1951. The 5th edition of the Standard Catalog lists value in excellent condition at $650 and that's about where I'd expect to see it priced where I shop. And I'd vote for keeping it in the family too.

Jeff
SWCA #1457
 
From the lack of a strain screw, it is definitely a coil spring gun, and just looking at it, with its half round front sight, leads me to make it a fairly early Improved I frame. The thumb latch confuses me though. I would expected it to be flat.
Price wise, anything under $500 would be a deal around here.
Froggie
 
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