Guys, I really appreciate all of the insight you have offered here. I have only been in the S&W club for a short time. I bought my first one about 6 weeks ago. I have since bought 4 more. The first one was a "NIB" Model 15-4 (original box and all paperwork). As far as I can tell it was never shot prior to me taking it home. I was enthralled by the current increase in S&W revolver prices and the potential to make some money on them later on. I paid $475 for the revolver.
I have since bought a Model 19-4, a Model 29-2, and 2 Model 66-0 revolvers. They have all gone to the range with me over the past few weeks. The more I shoot them, the more I realize just how much fun they are to shoot. Cabela's called this morning and told me the 19-3 was in and I could come get it. I have decide to pass on this revolver. I am one of those old farts that believes, if you got it, you need to enjoy it. I have decided I do not want a "safe queen", I want a reliable "shooter".
Besides, one of the Model 66s I mentioned earlier was bought at Cabela's last Friday. I had it shipped in from Arizona. The fellow at the Arizona store told me the gun was in great shape. When it got here it had changed condition along the way. It looked like the previous owner may have been a mechanic. All of the nooks in the gun had dirty black gunk caked in them. The cylinder face was solid black. The grip panels were stained black from use. It took me a couple of hours to get it apart and cleaned up. Afterwards it looked very nice.
Long story short, I have changed my objective from potential investment to just plain fun. I assume the upward trend in values will continue to push prices up on older S&W revolvers whether they be "NIB" or previously owned. I am not going to let a few hundred dollars deter me from enjoying the revolvers I currently own.
I relate this to an incident that happened to me back in the 70s. I got married in 1974 and moved to Dallas, Texas from Lubbock, Texas. My wife and I would travel back to Lubbock about every three months to visit my Mom. We had scheduled a trip up a couple of weeks before Thanksgiving in 1977. Mom said for us not to come because she wanted to come visit us for Thanksgiving. She died of a heart attack the day before she was to come down.
These old guns were made to be used, and taken care of. That is what I intend to do with mine from now on.
Sorry for the length of this post. I got carried away