[FUNNY UPDATE at Post 19] .22 Ladysmith, 3rd Model - Nickel

[Wiregrassguy]

Looks like a miniature 1896

Yes. The cylinder release works like a Colt. The lower forward sideplate screw is only for the sideplate. The pin in front has to be removed to remove the yoke/cylinder. Lots changed between the 1st and later models.



Here's a pic that shows how tiny these guns are:

I am not going to let my buddy take heat from this crazy lady. I am going to give it back in exchange for the $100 paid. Neither of us want any headaches over this exchange.

You might consider asking her what she considers acceptable. It might still be a good buy. I'm sure you could fine someone here to take it off your hands if it doesn't fit in your collection.

 

[Tom K]

UPDATE:

Okay. This is sort of funny. I bought this little revolver from a friend who works at a local gun shop. He sold for a friend. Neither of us really knew much about the gun. I am not much interested in anything made before 1950 but had no M Frames in the collection. It is sort of obsolete for my purpose, carrying, shooting, etc. Neat little piece of history. He had no idea regarding the gun's value. I knew that it had some value but, frankly, not as much as others on this forum suggested. I thought it might be worth maybe $350 to somebody who was going to the effort to sell it. I had no plan to sell. Was just going in the collection. So, I did not research it.

I offered $100 and he accepted. Paid cash. Went home. This morning received a text message. Apparently, his friend was blowing him up about selling the gun for $100. She talked to somebody else who believes it has more value. Now, she claims that she did not give him authority to sell the gun. He has nothing in writing to confirm his authority to sell and she is making a big federal case out of it.

I am not going to let my buddy take heat from this crazy lady. I am going to give it back in exchange for the $100 paid. Neither of us want any headaches over this exchange. My friend is horribly embarrassed that it turned out this way. Told him that it is no big deal. Will drop the gun off sometime this week and he need not deal with that crazy lady anymore.

Well, so much for the first M Frame in my collection.

The only reason I would call this lady "crazy" is for her to have let your buddy take the gun in the first place.

 

[NCBeagle]

You might consider asking her what she considers acceptable. It might still be a good buy. I'm sure you could fine someone here to take it off your hands if it doesn't fit in your collection.

She told him that, in her opinion, it is worth tens of thousands of dollars. Crazy. I get enough crazy every day from work. I do not need crazy bleeding into my gun collecting.

 

[handejector]

I get enough crazy every day from work. I do not need crazy bleeding into my gun collecting.

You are young, Grasshopper. Stay in this game long enough and you'll meet plenty of crazy.

 

[22hipower]

She told him that, in her opinion, it is worth tens of thousands of dollars. Crazy. I get enough crazy every day from work. I do not need crazy bleeding into my gun collecting.

I've got a few I wish the previous owners would call back. . . . .

Jeff
SWCA #1457

 

[murphydog]

She told him that, in her opinion, it is worth tens of thousands of dollars. Crazy. I get enough crazy every day from work. I do not need crazy bleeding into my gun collecting.

Maybe. Was it from the collection of a WW I Austrian corporal?

 

[Tom K]

She told him that, in her opinion, it is worth tens of thousands of dollars. Crazy. I get enough crazy every day from work. I do not need crazy bleeding into my gun collecting.

That's as crazy as thinking it's only worth a hundred bucks.

 

[paplinker]

She told him that, in her opinion, it is worth tens of thousands of dollars. Crazy. I get enough crazy every day from work. I do not need crazy bleeding into my gun collecting.

Curious, Is your buddy still selling it for her or did he wipe his hands of it?

Wonder how long it will take to get her thousands

 

[steelslaver]

If she didn't set some value parameters before turning it over it is mostly on her. But, finding a rough value isn't that hard, There are several of them in similar condition for sale on Gunbroker. The highest is priced at $1800,which is way over $100 and way less than $10,000

The first Lady Smith I ever saw was in a pawn shop. Upon me telling tthe owner I liked old Smiths he went to his safe and brought back one that was over buffed and re nickeled including the hammer and trigger. When I mentioned that to him he was not very pleased with me.

 

[NCBeagle]

Curious, Is your buddy still selling it for her or did he wipe his hands of it?

Wonder how long it will take to get her thousands

No. He's done with her.

 

[WCCPHD]

No good deed goes unpunished.

 

[glenwolde]

UPDATE:

Okay. This is sort of funny. I bought this little revolver from a friend who works at a local gun shop. He sold for a friend. Neither of us really knew much about the gun. I am not much interested in anything made before 1950 but had no M Frames in the collection. It is sort of obsolete for my purpose, carrying, shooting, etc. Neat little piece of history. He had no idea regarding the gun's value. I knew that it had some value but, frankly, not as much as others on this forum suggested. I thought it might be worth maybe $350 to somebody who was going to the effort to sell it. I had no plan to sell. Was just going in the collection. So, I did not research it.

I offered $100 and he accepted. Paid cash. Went home. This morning received a text message. Apparently, his friend was blowing him up about selling the gun for $100. She talked to somebody else who believes it has more value. Now, she claims that she did not give him authority to sell the gun. He has nothing in writing to confirm his authority to sell and she is making a big federal case out of it.

I am not going to let my buddy take heat from this crazy lady. I am going to give it back in exchange for the $100 paid. Neither of us want any headaches over this exchange. My friend is horribly embarrassed that it turned out this way. Told him that it is no big deal. Will drop the gun off sometime this week and he need not deal with that crazy lady anymore.

Well, so much for the first M Frame in my collection.

Well your buddy doesn't have anything in writing saying he could sell it. Does she have anything in writing that she even owns the gun?

Not that it matters. But I'd make the point when I gave it back.

 

[Tijeras_Slim]

She told him that, in her opinion, it is worth tens of thousands of dollars. Crazy. I get enough crazy every day from work. I do not need crazy bleeding into my gun collecting.

I hope she’s patient.

 

[long colt frazier]

Very envious, I have almost every 22 except a ladysmith;-(

 

[45NUTT]

About 25 years ago the office manager at the small architectural firm I worked for told me she had 2 guns from her Dad and wanted them out of her house. She was a hoplophobe and feared the guns would arm themselves miraculously, since she had no ammo for them, and crawl into her bedroom and kill her.

I said sure bring them on. One was a single shot 12 gauge with an 18.5" barrel, the other was a High Standard 22LR semi automatic with a 4" barrel. Decent condition but not mint nor the more valuable 22 Short Match version. About a week later she approached me and said my neighbor said that pistol was worth $400 or more, did I now want to buy it or sell it for her? #@$%*&! I tried to explain the value based on condition, rarity, caliber etc. She still wanted money for the gun she GAVE me, so I told her I would take it to the next gun show and sell it.

Couple of days later she asked me to bring it back because her neighbor was going to buy it. Holy S!!

Moral of the story, get it in writing whenever something valuable (to you or them) changes hands. If I had, I would have had some bargaining power had I chosen to keep said pistol. But since she was the office manager and had the boss' ear, she had more way more power than a lowly CADD Monkey!!

She was instrumental in me leaving that job, but when they merged with a bigger company, she got the boot because they already had an office manager. I'm sorry, but I did hoist a cold one to honor her sacrifice for humanity!

 

[A10]

It really Really irks me to say this, but there may be some value in taking a gun to a shop and doing a transfer. That way legal ownership is established for both parties.

 

[45NUTT]

It really Really irks me to say this, but there may be some value in taking a gun to a shop and doing a transfer. That way legal ownership is established for both parties.

Yep, as much as I dislike filling out a 4473, it does finish the transfer process legally with any future claims null and void. If I EVER have another situation like my previous one, some paper, whether it be a 4473 or notarized statement will accompany me home.