I am trying to figure out how much gun insurance is needed on my firearms. The one I am having most trouble with is a S&W .357 Registered Revolver. I have heard quite a wide range of value at some gun shows. Has 8 3/4 barrel, King red bead fr sight,King white outline rear. Serial# 50032. Was purchased in 1949, have box and certificate signed by Harold Wesson.Would guess it at about 90% condition. Registered #1699. Any educated guesses on value would be appreciated.
Registered Revolver
- Thread starter MenninT
- Start date
This should have been posted in the 1896-1961 forum. I have reported it and it will probably be moved. The revolver you describe is quite valuable especially considering it has the original box and registration certificate. I have a couple of RMs but am no expert. Depending on the condition of the revolver, I'd guess insuring it in the range of $7000-$9000 would not be out of reason.
So hopefully in addition to insurance, you have a good security system in place. I am pretty sure that if it were stolen, you would not be able to replace it, and a lot of our good guns when stolen are not recovered.
DWalt
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That one would be from 1937. There are many different considerations in evaluating a Registered Magnum, and every gun is different. It's very good you still have the registration certificate. You may wish to post a few good pictures of it, which will give members a better opportunity to evaluate exactly what you have. These are high-interest and high-demand revolvers, and I'd say that any RM in reasonable original condition will start at about $4000 and go upward from there.
opoefc
US Veteran, Absent Comrade
Take a look at David Carroll's web page. He usually has a few similar guns for sale. Compare his asking prices with what you would have to pay to replace your gun, if stolen. Ed.
Nice problem to have...It sounds like a great RM to be fortunate enough to own.
Value estimate for insurance purposes would be 10K$. Replacing your revolver would be difficult as few were ordered with the options you describe (barrel length). My estimate may be low. I am not an agent. I do own some registered magnums. I am sure one of the more hardcore RM guys would help if some pics were available. Value of a 90% versus say 97% would be very different. You may need an expert to do a hands on exam. Welcome to the forum.
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