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  #1  
Old 02-18-2021, 11:01 AM
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The LGS had this blued consignment gun priced at 2199.00. Appeared to be LNIB or dam close w/ all goodies. Box was a bit tattered. Tool bag unopened. Seems the owner is pretty proud of it. What might be a good counter offer?
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Old 02-18-2021, 11:09 AM
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I want $2250 for mine, and sold one in the last month for that on this forum.
What would it hurt to offer $2000?
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Old 02-18-2021, 11:55 AM
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At some point sanity has to prevail. $2200.00 for a used S&W .357 revolver? Start putting some rounds through it and in a couple of years after the current insanity is over and it might sell for half what you paid for it. Who knows? People can ask anything they want but when buyers stop paying ridiculous prices the actual selling prices will come down.
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Old 02-18-2021, 12:09 PM
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If you've absolutely got to have a 3.5 inch 27-2 LNIB then offer $2k and then pay what they ask. On the other hand, there is a very nice 5 inch 27-2 on the Forum classified area offered for $1250 (no box/papers) which seems a much better buy to me. Good luck.

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Old 02-18-2021, 12:29 PM
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I would offer $2000. but if I was the seller I wouldn't take it and if I was the buyer I wouldn't leave the store without it.
I have one I use and it's not for sale at any price. Larry
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Old 02-18-2021, 12:30 PM
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If you've absolutely got to have a 3.5 inch 27-2 LNIB then offer $2k and then pay what they ask. On the other hand, there is a very nice 5 inch 27-2 on the Forum classified area offered for $1250 (no box/papers) which seems a much better buy to me. Good luck.

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Old 02-18-2021, 12:33 PM
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Originally Posted by alwslate View Post
At some point sanity has to prevail. $2200.00 for a used S&W .357 revolver? Start putting some rounds through it and in a couple of years after the current insanity is over and it might sell for half what you paid for it. Who knows? People can ask anything they want but when buyers stop paying ridiculous prices the actual selling prices will come down.
They aren't making anymore. Tell that story to those that bought Thompson Machine guns for $1200 to $1500 in the late 70s and early 80s and are now worth $25,000 to $45,000.
I bought a new Corvette in 1970 for $5400. What's it worth more.
I agree with your premise when it comes to modern guns.
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Old 02-18-2021, 01:15 PM
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theres a nice 5 screw pre 27 on G. I. now for $1950. $2000 on consignment is pricy
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Old 02-18-2021, 01:15 PM
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Itís easy to make comparisons but how many are actually valid? I bought a new Corvette in 1996 for $42,000.00. Sold it six years later with 11,000 miles on it for $21,000. When I add the cost of insurance and registration fees for those six years all I can say is OUCH! Full autos and revolvers are apples to oranges. No one can really predict the future or we would avoid costly mistakes. I still say that the excessive prices people pay for the almighty 3.5Ē 27s are excessive and I happen to own four of them. Value is in the eye of the beholder, especially if you be holding said object in your own hands
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Old 02-18-2021, 01:28 PM
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They aren't making anymore. Tell that story to those that bought Thompson Machine guns for $1200 to $1500 in the late 70s and early 80s and are now worth $25,000 to $45,000.
I bought a new Corvette in 1970 for $5400. What's it worth more.
I agree with your premise when it comes to modern guns.
I hope you still have that '70 Vette. I have a 2014 Stingray M7 purchased two yrs ago and I will lose money when/if I sell it. Older Smith revolvers though...................
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Old 02-18-2021, 02:04 PM
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I hope you still have that '70 Vette. I have a 2014 Stingray M7 purchased two yrs ago and I will lose money when/if I sell it. Older Smith revolvers though...................
Yeah I still remember 1970. It was FIFTY ONE years ago. How old are you? You seem determined to pay $2,000 for a used .357. Ask yourself one simple question. If the would be sellers of model 27s for $2,000.00 really thought buying one would be a good investment then why are they anxious to sell quickly during this temporary panic stage
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Old 02-18-2021, 02:20 PM
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Yeah I still remember 1970. It was FIFTY ONE years ago. How old are you? You seem determined to pay $2,000 for a used .357. Ask yourself one simple question. If the would be sellers of model 27s for $2,000.00 really thought buying one would be a good investment then why are they anxious to sell quickly during this temporary panic stage
Profit taking, need some cash, never uses it and wants to buy a case of .223/5.56 ............... lots of valid reasons.
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Old 02-18-2021, 02:28 PM
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Profit taking. Nuff said
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Old 02-18-2021, 02:39 PM
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Well as corvettes go, I had a 61 hard top convertible.

Aside from that, I had a 66 on the want list and it did not take long before I figured out that I was not going to pay the going rate for a stainless M 19. As for a 3.5" M27, yeah, I want one, but I have got to sell off a few other prizes I had to have first, but I am not is any rush. I do however think that prices will drop somewhat.
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Old 02-18-2021, 02:47 PM
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Op asks for a idea of a good counter-offer. With today's panic driven stuff aside I can remember when I used to deal with a couple of local LGS's that took in consignments. At the time (early 2000) the deal on consignments was flat 10% for the LGS. This was when full transfers were $15 (now $75).

If you go with that old premise then $2200 = $1980 for the gun owner, and $220 for the LGS, so a $2000 offer would be attractive for sure to the LGS ($200) and they would "suggest hard" that the owner accept $1800.

I don't know todays high pricing schemes, but any LGS around here aren't willing to do consignments, they would rather offer $800 or maybe $900 tops to the owner for that pristine 3-1/2" 27-2 with all the goodies, then price it on display for $1699 plus tax, bg check, if not $1799.

Either way, around here it will be gone in the same day out in the case. Seems to be a lot more disposable income among younger people (or maxing out cc's) cause I can't find guns or ammo anywhere.

I suppose that is the beauty of offers: all anyone can say is no, or counteroffer, however with consignments it will take longer cause you offer to the LGS and then they have to contact the owner, unless they have a pre-set lowest allowable agreement (most don't). Meantime along comes loaded up Harry (just got his and the wife and kids stimulus, or backlogged unemployment lump sum), takes on look and planks out what they're asking and gone..gone..gone.

OP: take it all with a grain of salt......you know that we are the very best enablers out there and if you are in need of further "help" spending your money...just ask.

PS Personally I like the 3-1/2" so I wouldn't take $2200 for mine (well...maybe if I like the person offering).
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Old 02-18-2021, 05:00 PM
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[QUOTE=alwslate;141067538 I bought a new Corvette in 1996 for $42,000.00. Sold it six years later with 11,000 miles on it for $21,000. When I add the cost of insurance and registration fees for those six years all I can say is OUCH![/QUOTE]

Would you be concerned about losing a few hundred on a gun? Larry
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Old 02-18-2021, 05:17 PM
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3 1/2" M27-2's with the box and doc's do not come around every day, that price does seem a tad high and it is a shame as at that price people will be reluctant to shoot it, carrying and shooting these is where the magic lies. Offer what those above has suggested and see where that goes

I really do like my 3 1/2" M27-2 and almost glad that it didn't come with box and doc's, I do not feel bad when I take it to the range or carry it once in a while, I picked it up about three years ago on a GB auction for right under $1k

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Old 02-18-2021, 05:32 PM
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OP - Do you want a shooter, or a collectable? At that price you better keep it LNIB if you want it to maintain as much value as possible.

LNIB collectable guns are tough ones for me. I want to shoot them, but I also don't want them to lose any value, so they just sit there taunting me. It's like the Tell Tale Heart...

As for the price, it seems high to me, but no worse than what Pythons are going for, so it looks like the 27s are finally catching up with them.
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Old 02-18-2021, 05:55 PM
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Would you be concerned about losing a few hundred on a gun? Larry
Probably. I expect to lose money on a car but not on a gun and I canít even remember any time that I have ever lost several hundred $ on any gun. If I canít buy a gun at a decent price I donít buy it even if I want it. Patience pays. But I shouldnít have bought that Vette because those 11,000 miles cost me more than the price of a brand new less expensive car. Stupid on my part. But Iím looking at taking a big loss on a gun for the first time ever. Several years ago, after getting into Trap shooting I bought a brand new Ljutic Trap gun. Thought I would keep it forever but now due to health problems Iím not really able to shoot. So the gun is like new but when I sell it Iím going to lose thousands, not hundreds.
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Old 02-18-2021, 07:31 PM
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These are some of the finest revolvers ever made. Itís ďworthĒ whatever someone will pay for it and Iíll guarantee someone will pay $2,200. Wouldnít sell my pre model for anything south of $2,500 (with zero plans to do so).

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Old 02-18-2021, 08:37 PM
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Did someone said 1970 Corvette? Laguna Grey here

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Old 02-18-2021, 08:59 PM
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Probably. I expect to lose money on a car but not on a gun and I canít even remember any time that I have ever lost several hundred $ on any gun. If I canít buy a gun at a decent price I donít buy it even if I want it. Patience pays. But I shouldnít have bought that Vette because those 11,000 miles cost me more than the price of a brand new less expensive car. Stupid on my part. But Iím looking at taking a big loss on a gun for the first time ever. Several years ago, after getting into Trap shooting I bought a brand new Ljutic Trap gun. Thought I would keep it forever but now due to health problems Iím not really able to shoot. So the gun is like new but when I sell it Iím going to lose thousands, not hundreds.

Well, it could be worse, you could have bought a K-80

Makes me think, my LTX is 30 years old this year
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Old 02-18-2021, 09:09 PM
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If you gotta have it and will never shoot it then buy it. If you plan on shooting it then pass and find a shooter. I am in the I shoot what I own camp. I paid $650 for mine about three years ago, no box, tools or paperwork and about 95%. Wish you luck.
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Old 02-19-2021, 01:44 AM
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If you gotta have it and will never shoot it then buy it. If you plan on shooting it then pass and find a shooter. I am in the I shoot what I own camp. I paid $650 for mine about three years ago, no box, tools or paperwork and about 95%. Wish you luck.
Me too AJ, exactly! I found this 27-2 about three years ago at a pawn shop about an hour away from home. No box, only what you see for $650. I sent off for the letter several months after. First time I had ever done so for any S&W.
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Old 02-19-2021, 09:58 AM
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Did someone said 1970 Corvette? Laguna Grey here

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Old 02-19-2021, 10:21 AM
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This is my 27-2 shooter
About 3 years ago it came with a very nice presentation box and papers for $1500. The box was worth about $250 making the cost of to me about $1250. I thought that high but I wanted it as a high condition shooter and I do shoot it often at the range. Today's market is up compared to a few years ago, but I would not be interested in paying $2000 or more for a 27-2 with papers and box.

You need to determine why you want that blue 27-2. If you want it as a LNIB collectable with papers it might be worth $2000 or more to you. If you want it as a shooter I would look for a shooter at a lower price.




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Old 02-19-2021, 11:22 AM
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Be careful. Those 3 1/2" .357 Magnums are very, very addictive! I paid a lot more than $2K for some of mine... but I just "had" to have them.

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Old 02-19-2021, 11:23 AM
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OK, based on the great varied opinions, which I asked for, I have decided to pass on the LNIB 27. I am going to look for a more used, shooter, version for probably half the price. I will post in the WTB section and fish there. Thanks for your input. It really helped.
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Old 02-19-2021, 12:15 PM
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OK, based on the great varied opinions, which I asked for, I have decided to pass on the LNIB 27. I am going to look for a more used, shooter, version for probably half the price. I will post in the WTB section and fish there. Thanks for your input. It really helped.
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Old 02-19-2021, 05:37 PM
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RKmesa--I'm speechless.
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Old 02-19-2021, 05:45 PM
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Be careful. Those 3 1/2" .357 Magnums are very, very addictive! I paid a lot more than $2K for some of mine... but I just "had" to have them.

Do you shoot them all?
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Old 02-19-2021, 06:13 PM
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Be careful. Those 3 1/2" .357 Magnums are very, very addictive! I paid a lot more than $2K for some of mine... but I just "had" to have them.

Top left a Registered Magnum?
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Old 02-19-2021, 08:19 PM
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Originally Posted by RKmesa View Post
Be careful. Those 3 1/2" .357 Magnums are very, very addictive! I paid a lot more than $2K for some of mine... but I just "had" to have them.

I just had to re-post that photo.
RKmesa WOW!!
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  #34  
Old 02-19-2021, 10:48 PM
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RKmesa RKmesa is offline
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Do you shoot them all?
Nope - only the pre-27 that is second from the bottom in the middle column. That is my 3.5" shooter, with some repaired Cokes. Here's a better photo of it.



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Originally Posted by bushmaster1313 View Post
Top left a Registered Magnum?
Good eyes - it is a first year RM...



It is a sickness...
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Last edited by RKmesa; 02-19-2021 at 10:53 PM.
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Old 02-21-2021, 02:29 PM
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This 3.5” 27-2 WAS my shooter. Shipped Dec. ’71 and ‘rescued’ in 2005 from owner who had used Hoppe’s #9 on the nickel at some time. No box, no papers/tools but in perfect shape other than its freckels. Shot it until 2007 when I sent it to S&W Performance Center for function and performance inspection and complete Factory Nickel Refinish. Since then it has assumed the throne: safe queen.


I really should let it out.
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Old 02-21-2021, 03:44 PM
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Originally Posted by SS57 View Post
OK, based on the great varied opinions, which I asked for, I have decided to pass on the LNIB 27. I am going to look for a more used, shooter, version for probably half the price. I will post in the WTB section and fish there. Thanks for your input. It really helped.
If you are looking for a shooter, you might also want to consider a 4" Highway Patrolman/Model 28. They are just a dressed down Model 27. They used to be inexpensive, but prices have risen substantially the past few years. You might still find a reasonably priced beater that will make a great shooter.

Here is my pre-28 and 28-2 surrounding a 4" 27-2. You will note a strong family resemblance in their lines:

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Old 02-21-2021, 03:54 PM
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Sadly, this thread seems to reinforce the reality that I’ll likely never own a fine example of this masterpiece.

$2K neighborhood for a handgun simply ain’t in the cards for this schoolteacher. I guess I’ll have to keep living vicariously through the pictures of others.
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  #38  
Old 02-21-2021, 04:02 PM
AJ AJ is online now
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Sadly, this thread seems to reinforce the reality that Iíll likely never own a fine example of this masterpiece.

$2K neighborhood for a handgun simply ainít in the cards for this schoolteacher. I guess Iíll have to keep living vicariously through the pictures of others.

Just keep looking. One will show up when you least expect it. So save those nickels and dimes!
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Old 02-22-2021, 01:21 AM
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bushmaster1313 bushmaster1313 is offline
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Originally Posted by Bumpus13 View Post
Sadly, this thread seems to reinforce the reality that Iíll likely never own a fine example of this masterpiece.

$2K neighborhood for a handgun simply ainít in the cards for this schoolteacher. I guess Iíll have to keep living vicariously through the pictures of others.
Here is some straight talk. A 27-2 with holster wear, a buggered screw or two, grips in okay condition, a pronounced turnline, lots of powder burn, a few scratches and some minor pitting or flaking would be a fine example in my eyes so long as it locks up tight and shoots straight.
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Last edited by bushmaster1313; 02-22-2021 at 12:02 PM.
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