1954 K38 Worth it UPDATE with new photos UPDATE

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I've owned shooters like this one that were functionally fine but irreparably ugly. You'll find a pre-purchase detailed check list if you search. One like this you have to accept up front that it cannot be made factory-nice at any reasonable price.

The sideplate screw heads aren't especially buggered; they can be replaced with new. The sideplate itself doesn't show evidence of ham-handed prying.

Assuming it passes all the pre-purchase checks, the asking price isn't that awful. Still, for myself, I'd pay another $200 or so more for a much nicer one.
 
As noted above, it depends on your goal in buying it and your level of gun OCD. It's a very good price for a range/shooting gun, but if the finish/metal defects bother you they're not getting any better. Good luck in your decision.
 
I've owned shooters like this one that were functionally fine but irreparably ugly. You'll find a pre-purchase detailed check list if you search. One like this you have to accept up front that it cannot be made factory-nice at any reasonable price.

The sideplate screw heads aren't especially buggered; they can be replaced with new. The sideplate itself doesn't show evidence of ham-handed prying.

Assuming it passes all the pre-purchase checks, the asking price isn't that awful. Still, for myself, I'd pay another $200 or so more for a much nicer one.

I paid $764 for this with a beat up box last year:

thetinman-albums-pre-1960-s-and-w-picture28863-k-38-masterpiece-1954-a.jpeg


$450 for a mechanically sound K-38 seems reasonable to me.
 
My LGS has one with worn finish for $650. I'm sure I would buy that one for $450 but would try and get it for less.
I bought a very finish challenged (but not rusted) model 10-6 cheap a couple years ago. Had it bead blasted then blued. Came out very nice with a matte blue similar to a model 28.
I don't think that K-38 needs a refinish at all. I'm sure it will clean up nice. I bet some oil and 0000 steel wool or Flitz followed by Ren wax would do the trick.
 
If you're under the misunderstanding that that rust, that has eaten the finish off, is somehow going to magically disappear with some Hoppes No 9 and some 3 in 1 oil, I have some bad news for you. That finish is ruined. It would be expensive to make that revolver bearable for me to look at.

I absolutely hate lazy bums that do that to a fine old gun. It's so easily prevented. Ugh!
 
I think that $450 for a nice K-38 shooter is a great deal. The color case hardening on the hammer and trigger looks to be nice, too. You could always try a little cold blue touch-up, but then again you could just accept its condition and enjoy it. Maybe I'm biased, but this would be a birth year gun for me and I'm always on the lookout for birth year revolvers. Go buy it!
 
If a 'shooter' is what you want, that is a very reasonable price. Just make certain that it has no mechanical issues. If you want a collector piece, this one is not for you due to the finish disruption (which will always to some degree be there). If I would be happy with a shooter grade I would inspect that one and likely take it home.
 
I'd have it for $450 but it doesn't hurt anybody to counter the seller. I bought a rough one earlier this year (with much encouragement from the guys here) and its one of the best shooters I have.
A soak in Kroil and judicious light rubbing with a copper penny or copper battery connector and you'll be surprised how much it will clean up.
You only go around once.
 

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