38/32 Terrier

hburney

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Stumbled across a 38/32 Terrier today, mint gun,blue, 5 screw, no box or tools. I believe this is an I frame. It has the correct stocks. ser # 664xx. 38 s&w ctg. Is it worth $800?
 
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It sounds nice but is not an $800 gun. They aren't often for sale in the condition described but I think $450 would be about top value given the chambering. Interested to see what others think.
 
These have been getting more expensive recently, or perhaps I should say the asking prices have been climbing. I don't think all those high prices result in sales, but if you have a burning need for a Terrier in high condition, you might have to go to $550-600 to get it.

My personal inclination would be to drop out of the bidding around $500, but it seems to be the case that others exist who would go higher. $800 is too much unless the gun is NIB with docs and tools. (If Terriers even came with a brush or mop; I'm guessing they did, but don't know.)

That serial number marks it as a postwar gun, but early in the run of resumed production. Since S&W didn't get around to reintroducing the I-frames until five years after the war was over, that one probably dates to 1951.
 
I found this (bottom) early post war Terrier in 38 S&W with circassion walnut service grips in high condition about one year ago,
I paid $450 and was happy to have found one .
I would guess its worth about $500 now .

BTW... Just checked my serial and its 58,078 if that helps.
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Might trade it if the right half penny front site Chiefs special came along.
 
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hburney, I've been looking for that very gun for a long time, but I would laugh at the seller at that price and wait for him to come to his senses (sober up??) $500-550 would be about tops in today's rising market, even. JMHO ~ YMMV

Froggie
 
Thanks Guys, It is on consignment at a local GS, no auction. I thought it was priced too high but I knew I would get the straight scoop on the forum.
 
I agree that, unless an examination of the gun supports the price, $800 is very high and even worse if it does not include the buyers vig. That being said, if you really want the gun and are able to do so, I would not fault you in the least for paying the price for it. I don't believe in belittling a person's gun because I think he or she paid too much for it nor would I want anyone to not share their gun with me because I or someone else makes them feel guilty for paying, and being able to pay, a higher price for the gun than the generally accepted prevailing market value for the gun at the time.

Reported prices for guns are what a willing buyer chose to pay a willing seller for the gun at the time. The transaction depends on the parties' respective circumstances at the time and is not always repeatable. Auction prices can even be more deceptive. I see a gun sold at an auction and naturally think that it establishes the fair value. Of course this is wrong. It only means nobody at the auction wanted that gun more at the time its lot came up for bid (generally a small universe of buyers). If I had been there and wanted the gun it would have sold for a higher price.

Another consideration with less encountered guns, such a high condition pre-War or early post-War Terrier, is that you don't see them that often and when you do they are often high priced. So if you want one you face a low probability of finding one and the the low probability of getting one at a good price before somebody else buys it. There is nothing wrong with accepting the odds and waiting until you find one at a "good" price. Judging from your posts, many of you choose or have to do this.. But there is nothing about being a good collector that requires you to not only find and buy a good gun, but also to get it a "good" price. I don't think that there is anything wrong with paying the price you are required to pa for the gun you want so that you can get it and enjoy it sooner. You may even enjoy the gun so much you forget what you paid for it.
 
According to the SCS&W, a 664xx in the 38 RP SN range is correct for a Postwar Terrier (Model 32).
 
This one was on GunBroker about 18 months ago. Starting price was $400 and I made the one and only bid on it so apparently nobody else was interested. It's as close to 100% as a used gun can be. It showed no sign of having been fired (I know the factory supposedly fired all guns but the cylinder face on this one was spotless and looked unfired) and didn't have even a trace of turn line.


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that is beautiful! here is a post-war transitional i got a few months ago. i had to give 600 and change for it, but it has a lot of the early features, and was about as nice as any i had run across. one with a slightly higher serial number than this one went off on g-b recently for 905.00. i was in 'til it hit 630, and i had had enough! the early postwar ones, with the small service grips are becoming very difficult to find, in the real world! and, that being said, the earliest flatlatch ones are few and far between, also!
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i saw a nice "model 32"-marked flatlatch at a recent tennessee gun show for 425.00. if it had been in n.c., i would have been severely tempted. it was easily in 98% condition, and would have been hard to improve on.
 
I agree that the early post-war with service grips, half circle front sight are extra cool and worth some extra dollars.
I was lucky enough to pick this #71983, 1954 version and I have to say it is one on my favorite S&Ws... No doubt about it, but it was about half the price mentioned here, less than a year ago on GB. Shoots good too....
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it might be worth more than you think this pre war one sold recently and was posted at $1750.00
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[url=http://www.gunsamerica.com/955977054
 
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I get a bad vibe out of that $1750 package. The gun has a prewar serial number close to the end of known production, but that's an early 1950s box. And why would a fixed sight gun need a late '50s sight adjustment tool? When did poly bags first appear? Wouldn't prewar tools have come in a cellophane pack or paper envelope? Wouldn't the brush be a separate tool with a twisted wire handle? I think that's a put-together package. And hard rubber stocks? Not in 1939 or 1940, when this gun was probably assembled.

The gun could have been inventoried stock that was shipped after WWII. I don't think this was postwar production because of the single address line. I believe all postwar production had the four line block with the possible exception of special orders that were few and far between. The company was simply not tooled up for major I-frame production until late 1949 or 1950.

So: nice looking gun with a couple of inconsistencies, and a package that defies credibility.
 
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