IMHO - Rossi is a lower end, lower quality handgun. I would prefer a good used S&W personally - I have owned and carried a mod. 60 for years.
Found this on another site -
"Rossi revolvers are now produced by Taurus (since 1997), and sold by BrazTech International L.C. (the exclusive importer) since the same year. They are decent guns for substantially less than Smith & Wesson, and a hair under the price line of their Taurus counterparts. While not the perfectly-machined beauties that Smith & Wesson sells (might I add American Made), they are amazingly similar. Taurus actually manufactured Smith & Wesson look-a-likes under license from S&W, and now manufacture a number of other decent pistols and revolvers of their own design. I own a Taurus M85, which is nearly identical to some of the newer Rossi's out there, and know a few people who own Rossi's in 357/38 spl. They are all good guns from what I've seen/experienced. Keep in mind, however, that the older guns are not manufactured by the same people, with the same standard of quality. Always check for wiggle room in revolvers. You need the cylinder to lock up tight when the hammer is pulled back, but also need the gun to advance from round to round. The good news is that wheel guns are much easier to check for wear/brokenness than semiautomatics. If you are going to bet your life on this gun (as most of Rossi's handguns are for defensive purposes) you will definitely want to test it thoroughly, used or not. One last note, current production .38 spl Rossi's will all accept +P ammunition, while older models may not (likely won't). I would recomend a newer Rossi, but would shy away from some of the older models out there IMHO."