29 50th Anniversary

Wally135 · #1 02-17-2011, 08:26 PM

I was able to score a model 29 50th anniversary with the presentation box and the shipping box with all the papers and such...it's unfired. I paid a very LOW price for this gun and would like advice if I should sell it or just hang on to it with possibility it may increase in value. And how long doese it take for a gun like this to appreciate in value?

H Richard · #2 02-18-2011, 11:41 AM

Commeratives will only appreciate as long as they are unfired, and with all factory issued boxes, papers, tools, etc. For some reason, a lot of commeratives have little value above the same model without the special engravings. To realize a profit from your purchase price soon, you would have had to have purchased it for about 30% to 40% below current market value. Once you figure in selling costs and cost of money, it may take several years for appreciation to make it worthwhile to resell.

Wally135 · #3 02-18-2011, 05:48 PM

Thanks for the info...
I picked this up for $500 'cause the guy needed some cash (no it's not hot).
I'm really torn what to do with this gun as I know it's a safe queen and shouldn't be fired to retain its value...but yet I would like to have a "shootin" gun.
I'm also thinking that if I hang on to it and pass it down to my son in 20-30 years (if this world is still around) he could probably turn it into some serious cash.
I really don't know what to do with it....
Any suggestions?

cptdco · #4 02-18-2011, 06:26 PM

Wally, at $500 I think you got the gun for a good price, but I don't think you stole it. You said you wanted a "shootin" gun...I think you already have one. As H Richard said, you will have to wait quite some time before you make much of a profit on that piece, and I doubt if your son or anyone else will ever trade it for "serious cash". So here's my suggestion, and its exactly what I would do if it were mine: shoot the heck out of it. Then thirty years from now your son might have a gun that you and he shared and enjoyed shooting for years and is priceless to him, rather then valuable. And if you want a shooter but not the big .44, trade it to someone for the right caliber. Good luck with your choice either way, and congrats on aquiring a nice S&W.