Pre-war commercial 1917s 95% or better have been selling for around $2000. I'm not sure he is out of line on his pricing. I sure wouldn't let mine go for less than that. Here's what the SCSW, 4th says:

• Commercial variation: Considered rare. A few shipped with nickel finish worth additional premium. A small S&W trademark is stamped on left side of the frame indicating a commercial production. May also have a lanyard ring. Commercial shipping box is a one piece maroon cardboard having a cloth hinge with “S&W” .45 DA” inside the lid. Boxes: Two styles of box are reported: One variation is a maroon two piece 12” long with a blue end label that reads: “U.S. ARMY 45 Model, Blued 5-1/2”, Smith & Wesson, Springfield Mass.” Inside the cover it has instructions in English and Spanish. Has a patent Date of Dec. 28, 1920. Th e other is also Maroon about 13” long with no writing at all inside or out. $2500 to $3000 in nice condition.
• Denver Police Dept.: Reported that fewer than 100

(Page 193).

__________________
Guy
SWHF #474 SWCA LM#2629