Here is another way to look at this:
S&W sells most of their new non PC revolvers between 700-900 dollars. Yes, you can find used police trade ins for around 200-300 dollars, but they are used. These guns were originally bought as NEW guns from S&W, and even though the price they were purchased at years ago was still lower than the new price today, it was still significantly higher than their used price during that time era. The cost of production, materials, advertising, legal liability, health benifits for employees, higher taxes, hazmat fees.....etc, has driven the prices up tremendously. If you want to have a fair comparison you need to compare the older guns that are NIB, with some new models that are NIB....when you do this the prices are not that far off. Try buying a pre-lock 686 snubby NIB and see how much they differ in price from a IL version NIB......probably not as much of a difference as one might think. Trust me, I would love to have prices at 500 bucks however to do that I am usually restricted to finding a USED revolver in good shape.....