Where did you find the "Forehand Arms Co."? This was the successor firm to Forehand & Wadsworth and operated from 1890 to 1902. It is quite possible that a Forehand Arms revolver would have had F&W grips if the new company was being economical and using up old parts, but it should NOT have the Smith & Wesson monogram on the other side. If it has a solid frame, it is probably the model listed in the Official Price Guide to Antique & Modern Firearms as simply "Revolver, 38 S&W". If the barrel and cylinder assembly is hinged, then it will probably be the "Perfection Automatic."
Re-reading your post, I see that you only say it is a .38 caliber. I was only looking at revolvers chambered for the 38S&W cartridge, but if it should happen to use .38 Long Rimfire, it could be the "Bulldog,' but I think it would be marked with that name.
I have F&W that is a 32 long with octagonal barrel. When I researched it a few years ago I learned that the company was started by Ethan Allens brother. I think his name was Seth. I used Google to research it and used many different search strings. There is lots of information out there, unfortunately I didn't bookmark or print it. Try different search strings and you will find the answers you need. Fred Saint Petersburg, FL
Hi! I have a Forehand Arms Co. .32 caliber pistol with a 5 in. barrel, top break revolver, 6 chamber, nickle plated with wooden handle. Here are the stamped makings on top off the barrol: FOREHAND ARMS CO. WOROESTS MASS.U.S.A. PAT.JAN.11NOV.29'87JAN3'88. Here are the stamped makings on the cartridge: 3108 this has a circl stamped around it.
I would like to know how old and what it is worth. I know Sullivan Forehand and C. Wadsworth son-in-laws to Ethan Allen took over the company on his death in 1871. They ran the compay under the name Forehand & Wadsworth from 1871-1890 when Wadsworth retired. Forehand to over changing the company name to Forehand Arms Company 1890-1898. Forehand died 1898 and his ears ran the company until they sold it 1902 to Hopkins & Allen.
DEW
Seems hard to find a lot of information about Forehand Arms as they are always just a footnote to Forehand & Wadsworth. The only .32 topbreak revolver I can find listed is called the Pocket Model in Traister's Antique Guns. This book is from 1994, so the value of $250 in Excellent condition is probably not valid anymore. There is not a lot of interest in these, so I would guess that one in New condition might be a bit over $1000 and $250 would probably get one in NRA Fair to Good condition.
Highly unlikely that sn info is available. Highly unlikely that sn info is available.
Old gun catalogs and magazines.
The Hopkins and Allen company was founded in 1868 then merged with the Forehand Arms Co in 1901. Out of business by 1917.
Try the Blue Book of Gun Values
It would tell the year when it was produced.
BLue Book of Gun Values and current internet auctions are the place to start. Otherwise, without more info, 10-1000 USD depending on specifics
Blue Book of Gun Values
Contacting Colt and getting a letter would be a good start.
Warren Buxton's book on the P38 are a good place to start
Economical 22 pistol
Find a good gunsmith.
Library, internet, gun shows.