Would you rather have a K38 pre-15 or a model 15?

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I recently saw a K38 Combat Masterpiece pre-model 15 at a local fun shop and started to wonder if that it be more desirable than a model 15-any, or if the model 15 would be more desirable? This is assuming that all other factors such as condition and accessories are the same. Also, which would be worth more? What are your opinions and why? The K38 that I saw was about 90% condition, the perfect condition for an “I won’t feel guilty about shooting it” shooter!
 
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The five screw, pre Model 15 or .38 Combat Masterpiece as it was officially known as prior to the model numbers is the more desirable gun, all other things being equal. It's not a factor of which one is better finished or put together unless you are talking about a Model 15 made in the last 15-20 years or so. The early Model 15's are nice guns, especially when they have the original Diamond Magna stocks. It's just that people like the 5 screw design.

Here is mine, a late pre-model gun from 1956. It took a long time to find one.
 

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I'd go for the pre-15 but keeping in mind
it wasn't really OK'd for plus P.

But then I have plenty of Model 15s including
a late model one with the "bull" barrel.
 
I'm thinking it's more like the people like the manufacturer's philosophy extant when the 5 screws were being made---and from the very beginning.

There are two (and only two) such philosophies among the world's manufacturers:

1. We will be successful if we build the best possible product for the price.

2. We will be successful if we build the product for the lowest possible cost.

Pick one.

Ralph Tremaine
 
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It might be a good idea to review the changes made on the way from the "Combat Masterpiece" to a Model 15-3 or -4. I am not sure I know the ins and out of all of them, but some certainly do not cheapen the gun in any way.

  • 15-1, changing the thread of the extractor rod, was a practical change. Weird, maybe, but practical.
  • 15-2, deleting the trigger guard screw, and changing the cylinder stop, the implications of that are a bit over my head.
  • 15-3, relocating the rear sight leaf screw, seems like a good idea, even if perhaps not as relevant to a .38 caliber gun.
  • The next change, moving the gas ring to the yoke for a couple years, is my least favorite, but by the 15-4 that was reversed.
  • 15-5, eliminating the pinned barrel, is perhaps everyone else's least favorite change, and the most visible since S&W revolvers lost the fifth frame screw.
My favorite would be a 15-3, BEFORE the first gas ring change. It is easily available online, not expensive, and the early 15-3's still have an awesome deep blue finish and are the end of the hand-fitted era. Period-correct Target Grips are easily available in a variety of wood, from Walnut to Rosewood and other "Fancy Woods" in-between.

You can get two 15-3's or -4's for the price of one true Combat Masterpiece pre-Model 15 in a high grade. And one matching box, maybe. That one can go in the safe while you are shooting the other one, ;).
 
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My Pre 15:
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Mine is far from pristine as an old used cop gun. I shoot and carry it frequently so I never worry about putting more wear in the finish.
I decided I wanted a shooter grade 15 about 10 years ago. I went to my usual shop and asked the owner who I am well acquainted with if he had any 15’s. He brought out a plastic tote full of them and told me pick whichever one you want, $300. I found a non model marked one ( actually a 4 screw which I think should have a model number but in this case did not) with matching number grips, so I forked over the $300. I should have bought a couple more!
The same dealer about 8 years earlier, did the same plastic tote full thing when I asked about model 10’s. He told me then pick whichever you want, $165, and if you buy 2 or more I will drop the price to $150 each. Man I should have bought a few more of them too. As a general rule the earlier 5 screw guns are going to hold value a little better than later vintage, though these days, it seems prices on any older blued S&W have increased substantially!!
 
2017 I was walking around the gun show. A guy was selling a 15-3 that had been fired extensively. He wanted $350, dealers offered $300 and I offered $325. He carried it around for me a few hours then took my money. Best S&W revolver I have ever owned, and I have owned/own a few. I gave my other one to my son. The white ramp on the sight is well done, trigger like butter. An unexpected treat, ser #K996XXX. Joe
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“Would you rather have a K38 pre-15 or a model 15?”

Yes please! Either-or.
Both great revolvers, a person could not go wrong with either one. Get the first one you see, in the condition you want, and be happy.
 
Why limit yourself?

My Combat Masterpiece .22 (pre-pre M18) and M67 get shot more than my K38 and other 6" guns. Largely because of my interest in IDPA with 4" barrel maximum.
 
I recently saw a K38 Combat Masterpiece pre-model 15 at a local fun shop and started to wonder if that it be more desirable than a model 15-any, or if the model 15 would be more desirable? This is assuming that all other factors such as condition and accessories are the same. Also, which would be worth more? What are your opinions and why? The K38 that I saw was about 90% condition, the perfect condition for a “I won’t feel guilty about shooting it” shooter!

When it comes to S&W's, the more screws, the better! :D
 
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