Sounds like a very early Grade 1/Quality 1 Gun (for a while after the Hunter Brothers acquired the Smith gun, they made Grade and Quality models concurrently; often makes ID on these early guns tough and confusing). This was the lowest grade/quality Smith hammerless gun offered at the time, and to make things even more confusing; some are not engraved, some have a simple line border and maybe a flourish of scroll, and then there's the real odd duck like the Grade 1 JDW owns with dogs on each lockplate. To further confuse the issue, some of these very early hammerless guns have no grade mark at all; and even in surviving early serial number/shipping records, there are many guns listed without a grade identifier. Laminated Steel would be the correct barrel steel; and round knob grips are not uncommon on these early guns. Ebony forend tips were standard on all pre-1913 Smith hammerless guns regardless of grade with some of the very early Fulton marked guns having a forend tip identical the those of the Syracuse guns they replaced; but after the transition period, all pre-13 Smith forends featured the "V" shaped tip most commonly associated with the Smith gun.