I have been looking at this Model 58 at my LGS for probably 6 months or more. This gun has been fired very little and is in Excellent to like new shape. Serial # puts it at around 1966. It is on Consignment for $1500. There is no box or paperwork. Can I get opinions to the value of this gun. Thanks

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Even in the current seller's market, I think the model 58 in the first two and the last photos (nice condition but non-original stocks) is probably $300-400 high.

$1500 is also high for the 6" model 27 in photo 3.

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Alan
SWCA LM 2023, SWHF 220

Thanks for pointing out the wrong picture. The same guy is also selling a 27-2 6" also in Excellent shape. That might be for another post. What would be the correct grips for this gun? Magnas?

Look at the ratchet that rotates the cylinder in the middle pic looks worn?
The going rate on the older s&w N frames seems to be climbing. I’d offer $1,000. Depends on condition and what you want it for.

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Plant garlic in the fall

The correct stocks would be the relatively scarce modified/"plainclothes" Magnas, with rounded bottoms. Figure $100-150 for a suitably nice set.

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Alan
SWCA LM 2023, SWHF 220

Did Model 58s come with the three Ts? It looks like that one certainly has 'em. I carried, as well as other officers, a Model 58 for several years. I never saw or heard of one with a target trigger or hammer.

I agree with those above who feel that it's a bit over priced, especially if the trigger and hammer are not original to the revolver.

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Keep your powder dry.

I do not like that side plate fit and also the gun has a target hammer and trigger. I don’t think the 58, which was a service revolver, would have came with those upgrades and the side plate fit is a red flag.

Nice shape maybe but not original and not worth $1500

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-Matt

Looks pretty good and as noted, wrong grips although valuable and the 58 did not come with TH & TT but also has value. No box, so it won’t be considered by a high end collector but 800 - 1000 would be my buy price.

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S&W factory revolver armorer

Agreed on all counts. $1500 is too much for this gun. Magnas and the .265 service hammer and trigger were the factory setup, so this one has been modified somewhat. The comment about the ratchets on the extractor being worn, I don't think so, but you can see where the hand has rubbed it from many rotations of the cylinder, so it's probably been fired a bit. The side plate looks okay, depending on how the light hits it, the fitment can look good or bad. See pic 2 below. The plate has never been off this gun.

This is what an unfired M58's ratchets look like (1st pic), and what the original configuration would be (2nd pic). I bought this ANIB for $1200, with box and paperwork, unfired. It's an S prefix, 1967 mfg. it was a safe queen for over 50 years, two different owners. No more, I love shooting it.

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Thanks for all the Great Information. I think I'm going to pass on this one.

ok I am looking at only pictures but I do not like the side plate upper lip, I dont like the roll marks by the yoke screw or the 41 mag roll mark. Could be a reblue, a close look would be needed. Agreed on the ratchet, looks too worn. A no go at that price....

Not a $1500 gun unless it can be lettered to have had left the factory with target stocks, target trigger, and target hammer OR has the box with the right boxes indicating the extras. Mostly these (TS, TT, TH) are add-ons intended to increase sales in 60s/70s. I have one that's just identical, and it left the factory in 1967 as a plain jane; it was dressed up sometime later. I have the box; it does NOT indicate the extras, and I did have it lettered. I have about $600 in mine, but have had it 6 years.

It's still my favorite as a shooter.

You would have a hard time getting a grand for that gun from someone that knows what they are looking at.

The m58 isn’t offered new anymore, I don’t see these online for sale, I’m not sure if there rare. Just saying.

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Plant garlic in the fall

The original M58 (no dash) was made from 1964-1977, with about 20,287 total production, according to the Standard Catalog. A reintroduction occurred in 2009 with the M58-1 as part of the Classic series, discontinued again in 2012. The original issue, so far as I can find, is one of the only S&W's that had no series changes throughout it's entire run.

So, there aren't really a whole lot of them, but the value established by the Catalog for an ANIB example makes the one relative to this thread overpriced. It does look nice, but IMO it's been reblued and of course has the noted mods of TH and TT, and Target stocks. If it locks up and passes all the other function tests (push-off, end play, etc.), I'd say it qualifies as Good condition, so maybe $750 accounting for inflation and the crazy pricing of late.

On the other hand, if it's truly worth what's being asked for it, it makes my ANIB M58 a real steal for me.

I'm late to this discussion but agree with the assessments and thoughts that the price ought to be under $1k especially if it is refinished. The correct stocks (diamond PC magnas) are extremely difficult to find and I doubt that they could be purchased for less than $300 from someone who knows what they are. Finding a set for sale would likely be much harder than finding the $$$ with which to buy them.

Jeff
SWCA #1457

While it is certainly possible that someone could have ordered the Target hammer and trigger on one from the factory, it is certainly doubtful. The target stocks are much later than would be on the pistol if ordered new. I suspect someone probably put them on to enhance the value. Service stocks are around and can be had. The original serrated trigger with color case can be had nearly anywhere reasonably cheap since K and N triggers are the same. The hardest part is the original .265 service hammer. In modern times only the 58 had that part in all the N frames. It is a rare part and I have only seen one for sale in the last 15 years and I bought it as a spare for my 58, in case it ever needs one. So putting this back to original will be nearly impossible. The side plate doesn't worry me and the blue on my early S series is nearly as good except has wear from use. This is a $700 to $800 revolver tops and then only for a person who wants to shoot it as is.

^^^Many truths in this!!

Been toying with the idea of putting my shooter grade 2.5 inch Lew Horton 686 up for trade for a model 58 shooter grade. If they are going for that much I don't think its gonna happen.

You never know. I just tripped over mine and never expected to see one in rural NM.

I was back in the LGS today. Took another look at the Model 58. 2 gun guys both agreed that the finish was original and in excellent condition. Someone mentioned that the side plate didn't look right. I thought it was absolutely fine. Guy behind the counter was sure the gun was sitting there for over a year. No box or paperwork. With the information found here I explained why I thought the gun was worth $700-$800. He said he will check with the owner.

Nope, nope, nope...

It's not nearly as nice as my $600 one, which is likely today worth $1100-$1200 with box, letter, etc.

Mine is new in nickel. I’ll sell it for $3 k with the Klingon hole fired only six rounds.

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Plant garlic in the fall

Klingon hole???

I'd take $3k for my wife's horse...

It’s easy to say a gun is too high. It’s much harder to find a
model 58 . Especially a s serial number . If you sell yours at prices you think are high just try to replace them.

$3k for my new m58 with the Hillary / bill Klingon hole. In other words not for sale.

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Plant garlic in the fall

I just don't think the TT , TH and the Target grips would be a positive focal point for me . I paid $775 for mine a few yrs ago . It only had target grips . I bought a set of PC Magnas's from a forum member here to bring it back to what I thought would be more original . At the time I thought I paid top price . It seems they have gone up , a lot . The price of $1500 seems like average in todays mkt . I don't know that they will get any cheaper as S&W isn't making them anymore . The newer ones have the key lock which is a turn off for me . I would give more to get one of the originals . Just my thoughts . Good luck , Regards Paul

I have a very nice S serial Model 58. It has diamond target grips which I'm told that it came with. I bought it from the original owner's son. I don't think that I would take $1500 for it because I like it and it would be hard to find another one like it.

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'Merica!

I bought this one in 2019 at a fair price. No box or docs, but I don't care in the least about that. It has the original finish, grips, trigger, and hammer, which is what was important to me. The finish is worn, but that doesn't bother me either, because I like to shoot it and not worry about it.

I have only shot my own handloads in it, made from 210 grain home cast SWC bullets and either Unique or 2400 powder.

I mostly shoot lighter loads in it, because the full magnums, with those skinny PC grips, will tear skin from my hand.

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Ah, okay! Totally agree - mine's likely worth $1100-$1200, but they'll sell it from my estate.

I know from my estate they will keep some and sell others.

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Plant garlic in the fall

Mine wasn't shipped until 1978. I have no idea what it would take to get
me to sell it but it would have to be WAY MORE than its worth.

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Kenny
Endeavor to persevere.

The way the prices on the N frames are soaring today. I think the posters m58 isn’t too far off. Grips can be replaced, the rest of it appears to look great.


The m58 in nickel is the first s&w n frame I ever shot with 41 mag federal 210 gr JHP bullets. After carrying and shooting 44 magnums most of my gun life I’m very impressed on how well the n frame is balanced, I think it’s seen as a under dog but it’s really a top dog in its own class.

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Plant garlic in the fall

It's the original, easy-carry mountain gun.

I carried mine around for a while. A bit of a boat anchor if you ask me. I much prefer my 329 PD as a much easier carried "mountain gun".

ca 1969



Rob

But those are 80s or newer Smith cuffs!

So I started looking at the Model 58 again and came across this. Guns were shipped from the factory with 3T's. Am I looking a this correctly?

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Cool letter. Thanks for posting. Almost all of the 58’s that I have seen had standard hammer, trigger, and the PC Magna grips. I have seen a few with TH, TT in some combination as well as target grips. Cool to see factory documentation showing mods on those other guns could be factory!

That paragraph of the letter is referencing the most recent 58-1's, not the original models. This was from the 'Classic Series' during the lock and MIM era.

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On the Oak Savannah

Those letters always have the short history of the model. The gun in that letter did ship Aug 68. Still, 3T's on a 58 is unusual. cobiaS&W passed on his subject 58 back in April.

The particular M58 listed was shipped with the 3Ts. The vast majority of M58s came without the 3Ts.

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John 3:16
WAR EAGLE!

The second to the last paragraph of the letter does discuss the 58-1, but the last paragraph clearly describes a late S prefix 58 with the 3Ts. Not a common setup but there you have it.

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Alan
SWCA LM 2023, SWHF 220

I'm a big fan of the Model 58. I'm on the look out for a nickel version that shipped with 3T's to go with with this one (standard/nickel).

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Yes, some did, like this one. TS, TT, TH

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Sure you did

Some did ship with 3T’s. That’s my letter.

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Sure you did

I agree, the M58’s price seems to be somewhat driven by it’s scarcity. I spent years on the hunt for a nice M58, and can say in all that time, I came across three. By comparison, I’ve seen probably 20+ Model 57’s. This is just at gun shows and frequent stops at LGS’s and pawn shops in my travels, not online.
The first one was at a gun show in Fort Myers back around 2010. The price at the time was $550 IIRC and I couldn’t afford it. Next one was at a local show in 2018 and the asking price was $1250. I tried trading a 1006 and five mags for it, but he didn’t go for it. I’ve since become friends with him and saw his M58 at several subsequent shows until he sold it for his asking price sometime in 2020. The third one was at a show in Lakeland in 2019 and I knew I had to have it, so I traded a nickel M57ND 6” with an N-serial# for it. I had bought the 57 about a year earlier for $650, so to me it was a heck of a deal. No box or docs came with the 58, but it’s an S-serial gun with the original stocks.

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USS Brewton FF1086
SWCA#3597

As for current market value, a high condition 58 can be sky high, depending on where it is shown. I put the one on the right in my case last weekend (ATL Expo) with a price tag of $1700. Original box and manual, 1975. It hardly caught anyone's attention. Not even an offer. But that show has turned into the land of cheap sub-compact plastic 9mm/brace AR's.

One might think my asking price was high, but try to find one in this condition. Besides, I really don't care if it sells.

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Not only targets, but COKES. Probably the best grain I've seen in a set of Coke grips????

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Bill