Today at a local gun show I looked at a blue Pre-27 with the 3-1/2" barrel. It was a 5 screw version in the 160,000 range. The gun was mechanically excellent but blue was badly worn. I'd estimate the bluing at 60%. No pitting or gouges in the metal and the diamond magna grips were numbered to the gun and showed little wear. Probably the gun was carried with some oversize aftermarket grips.
Supposedly it was carried by a local police chief from the mid 50's to his retirement in the 70's. The asking price was $700 with no room for negotiating. If I was sure S&W would refinish the gun I would have bought it.
I may regret not buying it but would rather pay more for a higher condition gun even though my intentions are to shoot any gun I buy. Oh well. Did I make the wrong decision??
Gary