586 value question

D1911

D1911

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I have a blued 6" 586-3 that I've had for sale on a local forum here in California. I don't have a box or any docs, but the gun is very clean and looks to be fired very little. I bought it last year and never shot it. My asking price was $900 which is what I paid for it. I've had no real interest in the gun, so am I way out of line on the price? I realize it may be tuff to price since these are more readily available outside of Cali. There have been a few on the forum for sale in that price range (or a bit more), but I have no idea if they actually sold. Thought about doing a 6" Smolt conversion, but really don't want to spend the money. Just curious, what do ya think? Thanks.

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Fair price, indeed. Especially given the California factor. Something like this just has a more narrow market than other types of guns. On this forum, we are all smitten with Smith revolvers. In the big world, not as much.

It just may take a bit to line up with the right buyer.

Sent from my SM-G990U using Tapatalk
 
One identical to yours just displayed at my local shop for $1150 . I don't expect it to last very long.
 
There is nothing wrong with your asking price whatsoever. That revolver is worth every bit of $900.00, and likely a bit more. The problem you're likely running into is that you are looking for a buyer that is becoming harder and harder to find these days. Someone who appreciates an all steel, full sized revolver, chambered for a powerful cartridge, and willing/able to spend $900.00 on it is becoming uncommon.

Todays market is flooded with buyers who think that every handgun should be something that can fit in their pocket. It shouldn't weigh more than their cell phone. Anything more powerful than a 9mm is excessive while anything less powerful than 9mm is inadequate. Plastic is what they like because having to maintain a metal firearm is too much work for the ADHD crowd. And, $500.00 is about the maximum spending point for the average buyer, but only if they can make payments on it, or you'll take a partial trade for some subwoofer speakers or a video game system.

It might take a bit for the right buyer to come along. But, they are out there. Probably even in California.
 
D1911 said:
I have a blued 6" 586-3 that I've had for sale on a local forum here in California. I don't have a box or any docs, but the gun is very clean and looks to be fired very little. I bought it last year and never shot it. My asking price was $900 which is what I paid for it. I've had no real interest in the gun, so am I way out of line on the price? I realize it may be tuff to price since these are more readily available outside of Cali. There have been a few on the forum for sale in that price range (or a bit more), but I have no idea if they actually sold. Thought about doing a 6" Smolt conversion, but really don't want to spend the money. Just curious, what do ya think? Thanks.

wYFudk6.jpg


rMHJn0j.jpg


3Gf9Uf1.jpg


TOlqYnK.jpg
Click to expand...

Don't sell it, stick it someplace oiled and forget about it. Pre lock 586 are sought after and are only going up in value. 900 is a fair price for nice 586.

You will thank me if you don't sell it.
 
Not out of line at all and really worth more in the $1000 range. I suspect the problem is that there is a limited market for revolvers with barrels longer than 4 inches. The hot part of the handgun market is the self-defense market, so plastic pistols in 9x19mm are the best sellers. For revolvers, people are looking for 4 inches or less. What you may need to do is expand the radius of your market, either a state-wide gun sales forum or use an online auction site.
 
This 586-3 was acquired at the Phoenix Crossroads show in December 2022. Gently used no mechanical or wear issues, with matching box and docs, wearing aftermarket rubber and a couple slightly buggered screws. $700. Soon after I replaced the rubber with correct stocks and had my revolver mechanic check it out and replace the screws. $900 all in. I'd say you're priced about right.

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A new 586 PC Carry Comp 7 shot, 3" will run you in the neighborhood of $1,300
 
Hang onto the gun, unless you absolutely need the $$ .
Like having money in the bank. Real guns like this will only go up in value .
 
I think the key is you're looking for a local buyer (if that can be implied by local forum). With more visibility, $900 should be easy to get. Even posting on a national forum looking for a local buyer may yield better results. On a local forum, local buyer, I can see you having to reduce the price a little. Just hang in there if you can, the right buyer should pay $900.
 
900$ is very reasonable for that condition. If you are in a hurry to sell it, I am sure someone would jump on it for 750-800. Otherwise, wait for what it is worth which is 900$
 
Thanks for the responses. I've had some inquiries about shipping, but my FFL charges $100 (as do most others I've contacted) and UPS shipping privately is even more (last one I shipped out was insured for $900 and cost over $130). I assume it has to do with the laws in California. So, for now, looks like she'll hang out in the safe for a while. Thanks again!
 
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