I tried to stay out of this, because my advice on such matters is usually so lousy, but I just can't stop myself.
29aholic has graciously presented you an option that can serve as an upper limit to what you should put into one ($650+shipping+FFLfees). Now you need to see how much you can beat that by, and if the final difference in cost (both money and time) is worth the difference in quality of the finished product.
You get it for $400 OTD. S&W may have a tune up service costing $55, but you should probably allow for this one needing some additional new parts they will charge extra for. Then there is always shipping costs, to and from. Not to mention the amount of time spent screwing around driving it to FedEx or other carrier. I would figure on at least $150, maybe $200 when all is said and done. You said it has "targets all around" so I assume target stocks. What kind of shape are they in? Even beaters go for around $50 these days.
Now for the nicer $650 M29. You will still need to pay shipping and pay an FFL to receive it. Figure at least $50 for that, possibly $100 if the seller insists on using FedEx. So the upper limit now becomes maybe $750.
If you really don't give a hoot about the finish, the cheaper one may be the way to go.
i would skip the gun as you described it..there are to many exceptional 29-2's floating around in great shape for just a touch more money
I'm not a collector. I appreciate a beautiful mint condition Smith & Wesson revolver as much as anybody else. They truly are a beautiful thing.
However...
I'm a poor, broke cop. I work three (yeah, that's right...
THREE!) jobs - one full time and two part time - just to make ends meet. All of my guns are working guns. I do not have a safe queen. The closest thing I have to a safe queen is dad's Victory model he gave me last Christmas.
I can't afford to lay down $750 for one gun. The most expensive gun in my loot is probably only worth 400 bucks. If I can get this model 29-2 for $375 and drop another $100 or so in repairs, I
might be able to swing it. But just plopping down $750 all at once is out of the question.
As for the cosmetics of it? This will make many of you, if not
most of you laugh, but the rougher the finish is, the more likely I will carry it. I get kinda nervous about a classy firearm such as the model 29 in
PRISTINE condition out in the elements. That's the very reason I sold that 3 inch model 13 I had a few months back. I was afraid to tote it because it looked so damned nice.
Now I realize, a carry gun is a carry gun and all of the assorted saddle wear it sustains is considered beauty marks. I can live with that. But all the carry guns I have started off having saddle wear on them. Does that make sense? I don't think I ever bought a gun that was intended for carry that I worried about.
My J frame model 38 looked gorgeous when I bought it. It still does. It starting to show a little wear here and there but not much. Of course, it rides exclusively in a pocket holster and never sees rain, dust, blowing debris or the elements, because it sits snugly in my front pocket. If it got marred up today, it wouldn't be a big deal, because it is a
DEVOTED carry gun. I knew it would be when I got it.
To sum it all up, if this model 29-2 had the mechanical problems and a
flawless finish, I probably wouldn't have thought twice about it and we wouldn't be having this discussion. But because it had already seen the street, any marks I would put on it wouldn't bring a tear to my eye.
Make sense?