Rare factory cased, small frame Smith & Wesson No. 1 Lever Action Repeating Pistol. The pistol has the distinctive part round/part octagon barrel with integral magazine, loading lever with finger loop and two-piece, bag-shaped, rosewood grips. The barrel/magazine has a crowned muzzle, rounded T-bar spring, pinch-back front sight blade and steel, clam-shell magazine follower. The top barrel flat is roll-stamped: "SMITH & WESSON/NORWICH CT." in two lines and the lower left barrel flat is roll-stamped: "PATENT/FEB. 14. 1854" in two lines. The receiver has a loading lever without finger spur, flattened cylinder rear sight, small notch at the front of the ejection port and internal retaining spring with no visible screws. The serial number "D73" is stamped on the left side of the frame beneath the grip and on the bottom of the toggle mechanism. "73" is stamped on the inside of both grips. The top and sides of the receiver and back strap, side plates and back of the hammer are decorated with the standard S&W floral factory engraving. The barrel and magazine are browned, the frame and lever have a high polish blue finish and the hammer is color casehardened. The rosewood grips have a high polish piano finish. The pistol has a walnut, American style, case with a brass plate inlaid in the lid. The case is lined with Navy blue velvet and has three compartments including an ammunition compartment with lid. The case is identical to the Smith & Wesson factory cases pictured on page 86 of "VOLCANIC FIREARMS" by Lewis and Rutter. The ammunition compartment contains twenty-eight, .31 caliber Volcanic cartridges.