Did I pay too much ??

snuf

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I picked up this M10-5 today. D425xx.
Gun only, no tools or box for $450.
I'm guessing it was built around 1962 :confused:?
Did I get taken :confused:
 

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Looks to me it's in very good shape. As long as the mechanics are how they're supposed to be you did just fine. If I were in the market for a standard barreled model 10 I would have paid $450 no problem for that gun.
 
That price is just fine, in fact very good, though I would of course preferred the original diamond grips on it. I found a set of perfect 1962 magnas on Craig's List for $40 for my Model 18 of the same year.
 
It is not possible to pay too much for a GOOD gun---you can only buy it too soon. The remedy is simple---just sit and wait!

The most I'd ever paid for one gun at the time was $5250. I didn't fret much about that, but it was on my mind.

When came time to liquidate my collection, that gun sold for $10,000!!!!----and a little voice said, "SEE---I told you so!"

The moral of this story is, "Don't sweat the small stuff!!"

The next moral of this story is don't buy scruffy guns!!

Ralph Tremaine

There's more and A LOT better to this story:

It starts off with an auction where there are two Triple Lock Targets---stunning guns!! I register to bid----figure I can get one for $5500. The phone rings, and it's time to saddle up! I tell the nice lady I won't be making any bids, to just tell me when it's time to buy the gun. In no time flat she says "He's at seven thousand, do you want to go seventy five hundred?" "No Ma'am, thank you, I'm out!"

Agony and despair reigns supreme for about two months, and the phone rings again. This time it's an SWCA member making cold calls out of the SWCA Roster----trying to sell a TLT. The end of the call goes like this: "Ralph, this is the best one we've ever seen!" Ralph says, "For how much?", and it's $5500. After a great job of dickering, Ralph gets him all the way down to $5250, and he has his Triple Lock Target---and it's the best one he's ever seen too!!

The moral of this story is, "All things come to he who waits!"---no matter how painful the wait is!!
 
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Okay, D42500 is not anywhere near being a 1962 serial number. It is from 1968, the first year of the D prefix serial numbers. Hence the non-diamond stocks are probably original. You can take them off and you will see the serial number impressed into the wood on the inside of the right hand panel. It won't include the letter.

At $450 you did fine.
 
Thanks for the all the info.
Grips are numbered to the gun.
I just finished striping it down and I see zero wear marks inside.
The sides of the hammer, trigger and rebound slide look like they just came from the factory.
It could pass for un-fired. :D
 
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From the internet, which I use.
D1 – D90,000…………….....1968
D90,001 – D330,000……..1969 -70

After seeing the internals, I think you did REAL good price wise for basically a very nice early, model 10. I would have hurt my hand reaching for my wallet for that one.
 
There may be someone who will post that they bought one just like it and it was only $150... 20 years ago. In today's inflation driven market and given the condition of your Model 10, I think you did well.

Exactly, down to the same dash number and price. But it was closer to 30 years ago.
 
I see model 10s in different configurations and different condition at Cabelas all the time priced from $529-$569. That's a nice gun in nice shape. Around me I'd expect it to bring close to if not $500.
 
Here's my thinking on prices for stuff like Model 10's. I go to the gun shop and see what they want for a new Taurus or similar revolver. Then I ask myself would I rather have the Taurus or the Model 10 in good condition?
If the costs are similar the choice is easy.
 

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