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You can throw the blue book away when it comes to old smiths because it is a collectors market.
That gun will only go up in price if it is origial if it is not it is just a exspensive shooter.
Here's a good article: around, in mint condition with all the paper work/box 0.00 tops, and one must take in consideration how it would be graded if going by the Gun Dealers Scale Book f/Handguns. The s/n of the gun will be stamped inside the right grip panel. But you've already said the sights were messed with, and you did not say if the grips were original. I don't know how we got off on, me saying the sights were messed up. The front has the orange piece on it, and the back has the white outline. What you are seeing is a standard sight insert, not night sights.
The grips would be walnut with checkering and - this is important - one large diamond around the center screw hole on each panel. If it's only the rear that has been changed, then that's about to replace and restore, so the values hurt at least that much. I am just trying to get an idea of wheather this pistol is worth what the gun shop wants for it. These use a radioactive isotope to glow in the dark.
If you look at it as a collectible, you need to get more familiar with what you are collecting.
Seems like old smiths are popping up now probally because of the bad economy. Does matter if you were going to by it as a near-pristine example of a 19-2 Smith with box and papers and put it in the safe and only fondle it occasionally. Check out Gunbroker for a while, find out what they actually sell for. FWIW, Either the gun is a shooter in very good condition and not worth 5 or the gun is worth 5 to a collector because of great condition, box, papers, and factory equipped.What the others were thinking as I was when you referenced night sights were sights with tritium inserts installed.