I know a collector who has this 586-4 Lew Horton
with a 3 inch barrel. I have seen them in a 2 1/2 inch
barrel but rarely the 3 inch. It is unfired in the labeled
box. I am trying to work out a value on it to buy it.
He says the 3 inch is very rare. Does anybody know about
these?

No, I don’t, I guess. I always thought the 2-1/2” barrel was much less common.

I saw one listed here on the forum a while back, and I've seen a couple listed and sold on Gunbroker over the years. They were all north of 2K.

Oh yea super rare I belive 250 were ever made and a fine looking wheel gun !

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This is the way....

I think there were 2 runs of factory produced 586 2.5"ers. 210 and 285 units made in 1993-1994.
And two runs of the 3" 586. 200 units for the RSR group and another run after in 1994-1995. Presumably also about 200.

So, definitely less than 500 on the 2.5" and maybe 400 on the 3".

Here is portion of archives letter on the 586-4 Brazil 38". Letter shows info on the 3" you are asking about. I'd estimate value of your 586-4 3" in the $2500+ range. Add $'s for unfired with box that generally brings a premium. Just my 2 cents. Hope this helps.
Ray
Here is link to previous post showing additional portion of archives letter.
586-4 38 Special - Jinks Letter Received

Attached Images

S&W 586 Brazil Ltr Pic4 (1).jpg (84.9 KB, 82 views)

Have seen a handful of 2 1/2" M586's over the years, both 357 and 38 Special export versions. Only able to see/collect one in 3", a few pictures have shown up on the forum over the years.

I'd say the 3" is much more rare/scarce than the shorter version.

Here's the 3" I have in my collection and a 2 1/2" that I rented for a couple years.







Mine isn't for sale, but if it was it would be well into the ~$3k range, it's too special.

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.............SmithNut

Wow! Thanks for all this. I know I have to pay a
premium but it is a gorgeous revolver.

I saw one at a gun show recently at $2200...I was tempted...

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Cogito, ergo BOOM!...

In the past three years I’ve seen two sell for just north of $3k. That’s a lot of money for a 586, I don’t care the barrel length.

I would love to get one, but that price tag is way too high.

That 3" is dead sexy but not a $3,000 gun for me. Not even a $1,500 one.

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Psalm 27:2

@SmithNut

Oh what beautiful examples of 2.5" and 3" heaters. They both would go well over $2,500 on GB... And just how does one "Rent" a lovely 2.5" version of a 586-4? Being an officer I presume? Either way, thanks for sharing these beautiful works of art!

I'm a 3" barreled N frame and Lew Horton "nut" myself... I got this beauty 2 years or so ago for $1,000 out the door from a New Hampshire "pawn-shop"... The owner of said "establishment" didn't bother to wipe her down or clean it so it looked to be in a bit of distressed of a state. I snatched her up, cleaned her up with a bit of Mobil-1 synthetic and she was actually in 90% or better condition. Then I called Lew Horton Distributors & verified she came thru their doors as well.

Deals are out there and you have to jump on them when they present themselves. This baby would go just north of 2,000 on GB at current as well. But being how hard they are to find and that she's my favorite Revolver I'm looking to keep the M24-3 forever.

Here is a screen shot of one that is like new or is new in the box, that sold for $4500.00 a few years ago.

One just appeared in the Classifieds.

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Sure you did

I agree, it's just not there because of Lew Horton.

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Dave Ramsey Cultist