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Old 09-11-2017, 11:21 PM
SWWheelGun SWWheelGun is offline
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Default Fair value for used new Classics?

What people here think would be an average difference from new market price for recent release Classic S&W revolvers that saw use and are still in like new condition and with all box contents, less let's say a turn ring? Models that are still available new.

10%, 20%, 40%...more? of new price on current market?

Not many such used sales that I could find on GB. Most if not all such Classics are sold as new.

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Old 09-12-2017, 12:38 PM
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Anybody? Let's say a person you know has one such newer Classic and you two think to sell said gun between you two. You both are in the US, state of your choice. Model still available to be bought new, old one used by still like new in box. What cut from the new price would you consider reasonable as seller and/or as buyer?

For example. Model 27 6 1/2" Classic. Model 27 - S&W Classics 6 1/2" Blue | Smith & Wesson

MSRP is $1,059.00. Can be found for $854 with cash discount at S&W M27 Classic 6RD 357MAG/38SP +P 6.5" $834.00 SHIPS FREE, for example.

Assuming the gun in question for sale is in perfect condition, except that it was fired few hundreds of rounds and has a turn ring but otherwise is flawless and has all the original box contents.

What would you consider fair if you would be the seller or the buyer of this?
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Old 09-12-2017, 12:52 PM
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A LNIB S&W with an MSRP of $1059 I think would be reasonable at 20% below MSRP, or about $850.
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Old 09-12-2017, 01:01 PM
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I wouldn't give $500.00 for it.
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Old 09-12-2017, 01:03 PM
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You can buy a brand new one for $834. I'd say 75-80% of the street price would be a reasonable expectation. Less if there is any appreciable wear and tear.
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Old 09-12-2017, 01:10 PM
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A new model will sell for 25% of MSRP and a used one for 50% of MSRP. With the drama of the IL and MIM, there is nothing Classic about them...
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Old 09-12-2017, 01:24 PM
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The only upside to buying a LNIB new classic instead of an actual new product is being able to examine it before the purchase. I'd need a 25% discount to interest me, were I in the market.
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Old 09-12-2017, 01:45 PM
SWWheelGun SWWheelGun is offline
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Thanks for the answers everyone. Yes, LNIB used would also have the advantage of not only examination before buying but also a "test drive" at the range before committing. You'd know exactly what you are getting.
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Old 09-12-2017, 01:51 PM
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I think it depends on the Classic model in question. If you want a K-22/model 17 (or a model 10) there are more options than with a model 25 or 57, but I think getting a near-NIB Classic for 50% of retail is optimistic (but possible, I suppose).
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Old 09-12-2017, 02:34 PM
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If you can get a new one for $850, than somewhere around $750 is probably reasonable for one with a couple hundred rounds downrange. Maybe more, maybe less depending on condition and if all the original packaging is included.

To any of the people suggesting 50% off the MSRP is a reasonable price, please let me know where I can find these deals.
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Old 09-12-2017, 02:52 PM
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@OP,

I haven't really followed the market for "classics" that closely. The last S&W wheelgun that I purchased used was a K38 in the late '90s, and it was pretty much close to MSRP. Honestly, prices have (in my opinion) become quite outrageous. Market demand for older models has driven up prices, especially since the incorporation of the infernal lock.
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Old 09-12-2017, 04:59 PM
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I purchased a still NIB still unfixed S&W m29 in 44mag, with the blue plastic case, wooden presentation case with all the papers for $699. I wasn't looking for another blued gun but for $699 still new and unfired how could I pass this up.

A few years ago my LGS had a sale on new n frames they were in any caliber, any finish, any barrel length for $699. I purchased the m58 & m57 to satisfy my 41 mag revolver wants, but I really wanted the RedHawks.

One of my dealers is selling a newer m27 used for $850 with the loc/mim. Seeing this the newer n frames can hold their own pricewise. But the older n frame prices are through the roof.

If your looking to buy stay looking. Stay browsing.

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Old 09-12-2017, 05:09 PM
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I didn't buy my S&W Model 27 Classic to sell it so that probably explains the dearth of such guns in the marketplace. I can't be the only one.
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Old 09-13-2017, 09:54 AM
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Keep in mind the prices you see listed for new guns at $834 is by a wholesale discount dealer, not your LGS. I don't think very many LGS's are going to sell at 50% off when it is below their cost. You can't sell enough guns below cost to make a profit by volume.
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Old 09-13-2017, 10:35 AM
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Quote:
Originally Posted by reddog81 View Post
If you can get a new one for $850, than somewhere around $750 is probably reasonable for one with a couple hundred rounds downrange. Maybe more, maybe less depending on condition and if all the original packaging is included.

To any of the people suggesting 50% off the MSRP is a reasonable price, please let me know where I can find these deals.
This is about right, but it *does* depend somewhat on which modern "Classic" you are talking about and, in some cases, whether or not it is still available. Some that are no longer available are fetching over original street price when brand new.

But in the most recent cases that I'm aware of, asking price is usually about $100 or so off of the original brand new street price for a used one in top condition. That's assuming that the street price in your area isn't a Cabela's price (essentially MSRP) and does reflect a good competitive discount from MSRP.
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Old 09-13-2017, 10:53 AM
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Another important factor to many is the original owner's warranty. I have no idea whether there is an issue with newer S&W revolverd, but I have read about more than a few.

I would not pay more than about 60% of retail price (not MSRP) for a second owner used model of an available new from the factory firearm.

As a buyer you do not know what issued the original owner has had with the gun or the true reason for them wanting to sell it. If you know the history and know the seller real well, maybe a bit more.
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Old 09-13-2017, 11:26 AM
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I'd love to know where these big discounts can be found on slightly used modern "Classic" series revolvers. Certainly not up my way.
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Old 09-13-2017, 12:51 PM
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Quote:
Originally Posted by H Richard View Post
Keep in mind the prices you see listed for new guns at $834 is by a wholesale discount dealer, not your LGS. I don't think very many LGS's are going to sell at 50% off when it is below their cost. You can't sell enough guns below cost to make a profit by volume.
That is correct. I also mentioned the MSRP as the other limit in the price arrange available to most buyers.

Looks that for the seller, wanting to sell a lightly used Classic with known history, no problems, box and all original contents, smartest would be to wait until said Classic model ceases to be available new.

About the warranty, if the gun in discussion is not registered for warranty and comes with a blank warranty card from the seller, could the buyer register it?
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Old 09-13-2017, 01:35 PM
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Also, about the replies that said "I would not be interested at less than X% discount" (deep discount), what would you think if you'd be the seller? How deeply would you discount that LNIB Classic that you want to sell to make room for another gun in the safe? Would you go as low as some people here mentioned they want to see as buyers (40%)? Myself I do not think I would go this low.
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Old 09-13-2017, 03:15 PM
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Quote:
Originally Posted by reddog81 View Post
If you can get a new one for $850, than somewhere around $750 is probably reasonable for one with a couple hundred rounds downrange. Maybe more, maybe less depending on condition and if all the original packaging is included.

To any of the people suggesting 50% off the MSRP is a reasonable price, please let me know where I can find these deals.
Try 60% off at the OGCA and they go unsold. So if you mean what you say come to the next OGCA show Nov. 18 and 19 2017 and load uo your trunk with them. See you there.
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Old 09-13-2017, 05:06 PM
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Try 60% off at the OGCA and they go unsold. So if you mean what you say come to the next OGCA show Nov. 18 and 19 2017 and load up your trunk with them. See you there.
That is truly amazing! It's almost worth the membership fee and the 1,600 miles RT I'd have to drive to get there.

Probably not this November (for me) but maybe next year?
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Old 09-13-2017, 11:33 PM
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I don't buy to sell. I look at the cost as the pickers do, i don't go looking for deals but if they pop up time to time I'm on it. Have you looked at the prices on line lately? If you find any that are affordable grab it.

At 60% off I wish they were online.
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Old 09-14-2017, 12:04 AM
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Default The good part...

The good part for us is that there are people with classic guns that don't want an old, metal revolver.
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Old 09-14-2017, 12:14 AM
SWWheelGun SWWheelGun is offline
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Me neither I never buy with an intention to sell and I am sure lots of other people do the same. However these S&W wheel guns tend to multiply quite fast, overflow their safes and make the owners think sales

As I said, however, I think it's not the best ideea to let a perfect Classic still available new go for to low of a price unless really needed as the market seems to want really low right now. Keep it for a few more years safely stored and it shall recoup its cost better and inflation on top.
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Old 09-14-2017, 02:36 AM
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Buds will sell a classic model 57 for $778.00 with a price match request. MSRP is $1009.00, so just around a 23% discount. I don't think you will find any greater discounts than buds. A classic model 29 can be had for $835 from an MSRP of $1169 or right about a 30 % cut.....so I guess it is model specific as to how much off you can get a classic for. Now do away with the lock and at those discounts I would take a chance on quality control.

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Old 09-14-2017, 07:01 AM
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Also, about the replies that said "I would not be interested at less than X% discount" (deep discount), what would you think if you'd be the seller? How deeply would you discount that LNIB Classic that you want to sell to make room for another gun in the safe? Would you go as low as some people here mentioned they want to see as buyers (40%)? Myself I do not think I would go this low.
You've got to remember the audience being polled here. I'd imagine the majority of readers here would be more interested in real classic S&W revolvers than these phony classics with locks and in some cases MIM parts.
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Old 09-14-2017, 07:15 AM
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You've got to remember the audience being polled here. I'd imagine the majority of readers here would be more interested in real classic S&W revolvers than these phony classics with locks and in some cases MIM parts.
True be that for sure... ... but at 60% off for a slightly used modern "Classic", I'd be all over that in a heartbeat. Think about that! That means a near new "Model 17 Masterpiece™" (what the mothership calls it now) for under $400. I'd put up with the nasty IL real easily for that kind of money!

Okay, yes... I'd be a sellout, but beggars can't always be choosers.
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Old 09-14-2017, 07:35 AM
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I would have to agree with AlHunt I actually have seen better buys on older revolvers lately ,now I'm talking shooter class not super high collector grade but I wouldn't even consider a newer "classic" unless it was deeply discounted where I knew it was a deal but on an older true classic I would possibly go higher than what value actually was if I wanted it . That's who I am now ,If I was young and had kids in the house I can see where the lock thing could be an attractive selling point ( didn't say good idea said selling point) so I might just buy a slightly used slightly discounted new "classic" .Of if I could just be young again lol.
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Old 09-14-2017, 08:01 AM
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I would have to agree with AlHunt I actually have seen better buys on older revolvers lately ,now I'm talking shooter class not super high collector grade but I wouldn't even consider a newer "classic" unless it was deeply discounted where I knew it was a deal but on an older true classic I would possibly go higher than what value actually was if I wanted it . That's who I am now ,If I was young and had kids in the house I can see where the lock thing could be an attractive selling point ( didn't say good idea said selling point) so I might just buy a slightly used slightly discounted new "classic" .Of if I could just be young again lol.
Well, here's an interesting comparison for you. I was just in a shop yesterday which had two S&W revolvers in the display case side by side: A Model 17-4 in near perfect condition with target trigger and target hammer (but no box) tagged at $949... and a brand spanking new "Model 17 Masterpiece™" tagged at $899. Salesman said there was a little "wiggle room" on the 17-4 (it had been there a while) but none on the brand new one... so maybe I could have walked out with either one for the same price... $899+Tax. There is no question in the world which one I would have chosen with identical prices.

But now let's apply the 60% OGCA Show discount for modern "Classics" and you are looking at maybe $399+Tax vs. $899+Tax.

Let's just say that I would have had a very hard time explaining to the good wife why I had to pay an extra $500 for essentially the same model gun, albeit from two different eras.
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Old 09-14-2017, 12:52 PM
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You've got to remember the audience being polled here. I'd imagine the majority of readers here would be more interested in real classic S&W revolvers than these phony classics with locks and in some cases MIM parts.
Right! But the poll is for both sides, seller and buyer Thus who says (and that's very good to know, the answer from the eventual buyer's side is loud and clear) deep discount for purchase interest, what would they do if in the seller's shoes? A sincere question. Would really anyone want to let go a perfect Classic of theirs for a 40%+ discount? (I do not think so, for sure I would not want that)
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Old 09-14-2017, 12:58 PM
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Well, here's an interesting comparison for you. I was just in a shop yesterday which had two S&W revolvers in the display case side by side: A Model 17-4 in near perfect condition with target trigger and target hammer (but no box) tagged at $949... and a brand spanking new "Model 17 Masterpiece™" tagged at $899. Salesman said there was a little "wiggle room" on the 17-4 (it had been there a while) but none on the brand new one... so maybe I could have walked out with either one for the same price... $899+Tax. There is no question in the world which one I would have chosen with identical prices.

But now let's apply the 60% OGCA Show discount for modern "Classics" and you are looking at maybe $399+Tax vs. $899+Tax.

Let's just say that I would have had a very hard time explaining to the good wife why I had to pay an extra $500 for essentially the same model gun, albeit from two different eras.
I think pretty much anyone here would have chosen the 17-4. Maybe few would chose both. Myself I have both a K22 and a Classic Model 17 that I bought new, which both see equal range time and care.

To find a new Model 17 Classic for such an incredible 60% discount I would want to buy one more if not two. Oh man, I am too far from that show and know I could not go. Such is life.
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