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The CC would have been out fast - VERY fast !
I don't believe that it makes sense to question paying more today for a gun in good shape that cost only $100 in 1961. Best thing to do if you are ever in this situation again is to use a Consumer Price Index(CPI) table and see what a 1961 dollar would be worth today.
I think our friend Model39 is being coy. He's a SWCA member so I think he knows what kind of smokin' deal he got...
I was in my local gun shop a week ago last Saturday, and had a chance to buy this old Highway Patrolman (Model 28-2) serial number S223XXX made about 1961-62 for $450. As I was checking it out there were several other persons eyeing it as well, and in a split second decision I told the shop owner I'd take it. The revolver is in very good shape considering it's age, but after thinking about it, I realized when new this gun was probably around a $100 and maybe $15 more for the target grips. Man has inflation gone crazy. Paying almost 4X the original price, and not getting the original box or paperwork with it, and the wrong kind of target grips. The front face of the cylinder has an "H" and an "L" stamped on it, which indicates change of thread on the extractor rod and dull finish. The bore is bright and shinny and the action is very smooth. The questions are, Did I buy it right, or not? And would you have paid $450 for this old war horse?
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And I would not be surprised if some buyers would then flip it, selling the stocks and gun separately to make an extra hundred or so.... If you ... sell that prize for $1050 in the classified section on this site, it would be gone within the first hour (at most)…….
Short answer "NO". I know very little about Highway Patrolman. I own one other Model 28-2, a 4" 5 digit "N" serial number made around 1973 I bought quite a while ago for $395 and only bought it because it had fancy service grips and red ramp and white outline sights, something I had never seen before on any Model 28. The revolver appeared NIB and came with an extra pair of correct black washer Walnut target grips, and a non proper 4" relined factory wood presentation case. I have never shot it, and never really thought about it after I got it. I bought the 6" purely on impulse, and wasn't sure I bought wisely, because I again don't know much about the Model 28'S. I appreciate all the responses and likes posted by the Forum members. I removed the grips on the 6" revolver and while putting them away, (should I find the right 1950's hand ejector revolver they should be on), I found another early pair of target "N" frames I got along time ago with the smaller checkering pattern, and put them on the revolver. The gun looks right now. This gun has been shot, and I plan to shoot it, but first I will be sending the cylinder to TK Custom to be cut for full moon clips, as I enjoy/like the simplicity and ease of moon clip revolvers.You are kidding.....right?