Model 581 factory error marked 58-1 -- Advice please?

[ColumbusJBR]

Hey gang, long time no post...

An interesting one walked into the shop today. Its a gorgeous Model 581 Distinguished Service Magnum, .357, blued 4" with the box and papers, probably ~95% or maybe slightly better. A very cool gun to walk in regardless.

Neat thing about this one is its error stamped as a Model 58-1 (see picture). Obviously this is not a 58-1, I don't believe they ever existed, and this certainly isn't chambered for .41 mag.

It came in on consignment and I'm trying to price the thing. I see some cherry 581 guns can fetch in the $800 - $900 level, realistically. Does this factory error bump up the value? How would you go about pricing this thing? And info or advice would be appreciated. Does anyone know roughly how many of these error marked ones are floating about?

Thanks!

 

[Arik]

It doesn't effect value and is not uncommon. unless someone is really anal and want it absolutely correct or someone likes specifically collecting guns with unusual mistakes.

I recently saw a model 15 stamped 17. The frame was probably originally meant for a 17 but went to fill an order for 15

Sent from my XT1650 using Tapatalk

 

[Tom_R]

Happened/Happens all the time, no affect on value.

 

[Sixgun100]

My Model 581 is marked the same. Bought mine new in 1984 or 1985? Here it is with my real Model 58! Both great revolvers!

 

[ColumbusJBR]

Thanks for the insight. You guys are the best!

 

[BAM-BAM]

IMHO no effect on value...............miss stamps happen all the time.

A week or two back there was a miss-stamped Model 19-5 .......... Stamped 19-55 ..... first year the Combat Magnum was offered..... even then no feeling it added to guns value........ maybe some value as a "birth year" gun for someone born in 1955.....

 

[rbmac52]

Personally, I wouldn't want a mismarked gun. Its like accepting a mistake.

 

[Camster]

It lowers the desirability,and thus the price, in my opinion.

 

[Sevens]

I somewhat agree with what has been posted... but yes, some folks absolutely -DO- chase guns with errors. And this particular error is somewhat noteworthy because it is specifically mentioned in the SCSW. I have the 2nd and 4th Editions, so I have no idea when it was first mentioned, but I literally ran across this mention just 2 days ago while looking up something else.

For sale in your store? Priced as an oddity (higher price) and maybe it sits for a heckuva long time. Offered up on Gunbroker from a high feedback seller, with tons of great pictures AND specific reference from the SCSW4? Haha, well, some of us may think or say differently, but a high "collectible" price could totally happen, no matter how insignificant it may be to hardcore S&W gun guys.

That's simply the ballgame, it needn't make much sense, the market has the final say.

 

[UncleEd]

Personally, I wouldn't want a mismarked gun. Its like accepting a mistake.

Lots of parents made "mistakes" too, so have a heart for S&W.

 

[CH4]

Don't know of many "perfect" guns leaving the factory; they all have flaws of some kind, it just depends on what one will accept.

 

[TAROMAN]

Not sought after like the "upside down Jenny".

But a very desirable revolver nevertheless.

 

[lebomm]

Mis-stamped PLUS overstamped ? Looks like at least somebody in Springfield was aware of the discrepancy.

Larry

 

[rwt1405]

That really hurts the value, so being the guy I am, I will offer you $300 for it, so it will not be a bother to you. ;-)

Seriously, a very nice revolver!

 

[Doug M.]

And I think there is now a 58-1, a version of the 58 with a lock. As others have said, this is a non-issue with your revolver.

 

[Cal44]

Personally, I wouldn't want a mismarked gun. Its like accepting a mistake.

I agree with this point.

Please get rid of it.

Send it to me, and I'll take care of disposal.

 

[CarmelHP]

I think mine is marked like that. I'd have to pull it out of the safe to be sure, but, as I recall the 1 is at least oversized if not a -1.

 

[mikeruns]

I think it would fetch 700-850 as is....the stamp doesn't bother me ......I know it is a like new mid 80's L-frame with box and accoutrements....and we don't see as many 581's or 586's as we do 681/686 models...