THINKING OF SELLING MY 4" MODEL 58

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TEXVET

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I have run out of storage room for my handguns. I am trying to decide what to sell. One of the guns I am thinking of selling is my Model 58. My local gun store owner tells me the .41 mag is not popular her in the Dallas, Texas area. One reason is the lack of ammo, and what ammo is available is very expensive.

I did a web search to try and find out what others are getting for their M58s, but there didn't seem to be any currently for sale. Are there still buyers out there?

I got my M58 from a retired FBI agent. It was/is a safe queen. It also has the original box and paperwork. There is a very faint turn line and the remaining finish is perfect. The stocks are perfect also.
I paid $800 for this gun last year, what can I reasonably expect to get for it today?

If I do decide to sell the gun, I will list it here first.
Thanks.
 
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N prefix or S prefix? Do you have the cleaning tools?

There's one on Gunbroker now. It's been on for a while because the guy is asking $1800 buy it now. It was bid up to $800. I think it would go for quite a bit more, but the buy it now price is so high that people don't bother to bid.

An "ANIB" nickel 58 sold for $1300. I don't know if the nickel finish upped the price some.

Found another nickel LNIB gun. It sold for $1500.
 
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TEXVET - whenever I see a nice 58 as you describe in our classifieds, they usually don't last an hour. I think you can easily price it at a grand, if not more. Do the grips number to the gun?
Have you considered lettering the gun since you bought it from a retired FBI agent?
Do your homework before you decide to sell - could mean hundreds of dollars in your pocket instead of the next guy that just buys it to resell.
 
TEXVET said:
I have run out of storage room for my handguns. I am trying to decide what to sell. One of the guns I am thinking of selling is my Model 58. My local gun store owner tells me the .41 mag is not popular her in the Dallas, Texas area. One reason is the lack of ammo, and what ammo is available is very expensive.

I did a web search to try and find out what others are getting for their M58s, but there didn't seem to be any currently for sale. Are there still buyers out there?

I got my M58 from a retired FBI agent. It was/is a safe queen. It also has the original box and paperwork. There is a very faint turn line and the remaining finish is perfect. The stocks are perfect also.
I paid $800 for this gun last year, what can I reasonably expect to get for it today?

If I do decide to sell the gun, I will list it here first.
Thanks.
Click to expand...

I think that what I am seeing these guns sell for TODAY, that 1500 would not be out of the question. Put it on GUNBROKER and get top dollar. Do a 7 day penny start auction and set a high reserve.

If that is i the shape it sounds to be in, with the whole package, a couple guys will be beating each other up over that on auction.


41 Mag is very popular amongst many. That gun is NOT going DOWN in value in that shape, and with all the goodies.

I would not be surprised to see it bring even 1800+ on Gunbroker. ( again, if condition is 99% with all goodies)

THAT is where the money is. Do you see any of the dealers who belong to this forum, SELLING on this forum?
Some even BUY on the forum and then re sell on Gunbroker, cause most are too intimidated or laxy to sell on the auction sites themselves.

I can give you more than a handful that all auction their stuff on GUNBROKER or use their own personal website, such as the man with the stuff in Alabama. I believe the forum owner sells on gunbroker also.

Everything I sell, I sell on Gunbroker.

My two cents and that is all it is worth!

I think your model 58 package will bring some BUCKS.

* Ignore low offers that filled your inbox! :)
 
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Auction.........you'll get your best price that way. Lots of folks here would like one, me included, but I wouldn't be willing to spend what you could get for it.
 
With the manufacturing of the s&w m58 haulted at this time and not knowing when the production of it will return the m58 is kind of sought after right now. Being in nickel is a big plus too. Next is the accessories like the box, papers, cleaning rod/mop. Last it's the condition. If it's in pristine
condition it should bring in top dollar at the auction. It's not impossible to say $1,800.
 
Holy cow!!
I traded a Colt Model 1991 Commander for this gun. The gun had been shot quite a bit, but was still in great shape.
I took the M58 in trade based on the advice of a gunsmith friend of mine. Looks like I should have bought him a steak dinner at the time.

A few months later I bought a 4" blued M28 [I do not remember the dash # at this time] from this same guy.
This 28 shows no signs of every being fired. It has no turn line and it too comes with the original box and paperwork.
What would something like this sell for?

I started my S&W collection last August. I would buy something recommended to me by my gunsmith friend or internet hype. I was selective in what I bought. Most are P/R models and most have the original box and paperwork. One M29-2 has the original box, paperwork, and unopened tool bag and cleaning rod. This gun was bought by and older gentleman back in 1978. He put it in his safe as an investment item. It was never fired.
He is having to go into an assisted living center and they prohibit firearms. I am the second owner of the rare handgun. It is hard to imagine being the second owner of a 36 year old gun and have the original owner hand it to you.
Have I said how much I like S&W people. Each gun is a new experience and a life story. This M29-2 will be handed down to either my son or daughter when my work is done. Until then, it rests peacefully in my gun cabinet. I know, I know, some would say shoot it and enjoy it, but I can't bring myself to do it. I have many other M29s to play with, so there is no urge to abuse it.
 
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TEXVET said:
Holy cow!!
I traded a Colt Model 1991 Commander for this gun. The gun had been shot quite a bit, but was still in great shape.
I took the M58 in trade based on the advice of a gunsmith friend of mine. Looks like I should have bought him a steak dinner at the time.

A few months later I bought a 4" blued M28 [I do not remember the dash # at this time] from this same guy.
This 28 shows no signs of every being fired. It has no turn line and it too comes with the original box and paperwork.
What would something like this sell for?

I started my S&W collection last August. I would buy something recommended to me by my gunsmith friend or internet hype. I was selective in what I bought. Most are P/R models and most have the original box and paperwork. One M29-2 has the original box, paperwork, and unopened tool bag and cleaning rod. This gun was bought by and older gentleman back in 1978. He put it in his safe as an investment item. It was never fired.
He is having to go into an assisted living center and they prohibit firearms. I am the second owner of the rare handgun. It is hard to imagine being the second owner of a 36 year old gun and have the original owner hand it to you.
Have I said how much I like S&W people. Each gun is a new experience and a life story. This M29-2 will be handed down to either my son or daughter when my work is done. Until then, it rests peacefully in my gun cabinet. I know, I know, some would say shoot it and enjoy it, but I can't bring myself to do it. I have many other M29s to play with, so there is no urge to abuse it.
Click to expand...


I'd probably keep both these guns. I posted earlier what I thought about price on the other gun.
This one would also bring 1500+ on GUNBROKER. ( I put gunbroker in all caps, cause I am trying to stress that while we may think these guns are not "worth" this, this is what they are bringing there.)

You have stuff that is top shelf and will continue to rise in price. Prices may come down some then rise some then drop again some.... but all in all you can expect, over time, a decent return.

When I gunbroker my stuff now, I put ridiculous high reserves on the stuff with penny start and there has not been one that has not sold..

Example... a model 29-3, fired but 98% or better, 3 inch, round butt combats ( not a lew horton gun) with box. 3120.00 dollars. Hello? Who was insane enough to pay that? Some two guys always get into it over the better guns...
 
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I recently sold a 8 3/8" M29-2 with presentation case, paperwork, and tools on Gunbroker. The gun was 98% or better. The finish was like brand new and the stocks showed no signs of usage. The gun had received a trigger job prior to me getting it. The action was the smoothest I have ever seen.
This gun sat in the display case of a local gun store for several months. I finally decided I needed to rescue it. It was a consignment gun. The seller agreed to a price of $695 + tax. A friend of mine had a presentation case he no longer needed. I bought the case for $40. My total investment was around $785.
An FFL friend of mine listed this gun combination on Gunbroker. It sold for $1,300. The money is nice, but I hate to become part of the problem with escalating S&W pricing.
 
That is the reason I don't like to sell guns, especially older S&W and Colt revolvers. You will kick yourself later for selling it. Buy yourself a bigger safe; that is what I did and made me feel so much happier.
 
I have become a born-again M29 follower. Once I clear out some room, I plan to fill it back up with more quality M29s. My current total of M29s stands at a mere ten, but I plan to remedy that soon.

For over forty three years I have been a died-in-the-wool 1911 guy, but there is just something magical when you touch off a .44 mag round.
 
How much ROOM does a desirable, ever escalating in price , gun take up? Unless you live on a WW2 submarine I'd FIND half a square foot of space and KEEP the M-58.

I'd also stay away from your LGS Owner who gave you the .41 mag "advice".
 
I want to add a .41 Magnum Revolver to my collection at some point, but I still have never seen the Ammunition anywhere, and I make a point to look. Whenever I ask about said ammunition I get a smile, and a, "No we never get it in."

I don't handload, although it is something I may start at some point. It seems to me most dedicated .41 enthusiasts are HandLoaders so you are a little more limited than you would be with .357 or .44 Magnum.

Still, .41 Afficianados swear that you can take the .41 and apply it to almost any need based on your requirements.

I would think someone would pay good money to snag a nice one but I don't know if the Model 57s and 58s will get the same top dollar amounts as their 27 and 29 brethren.
 
I have learned one thing since I got my M58. Most people hate them for one reason or another, but on the other hand there is a avid group of loyal supporters out there that really love their M58s.
I guess I fall somewhere in the middle.
This gun will probably be listed on Gunbroker this week.
 
A very nice NIB Model 58 sold on GunBroker yesterday. The gun had the original box, paperwork, and accessories. I am not sure the stocks were original though. It seems to me the gun came with stocks that had a taper at the bottom. I think they are called Magnas.
After reading this thread, I was expecting the gun to sell for more money. Did anyone else see the gun on GunBroker?
Was this a reasonable price for this gun?
 
My LGS has 41mag ammo its the first he's seen in a few years. I purchased new 41 mag brass from cabelas a while back. Every time I see the 41 brass for sale I grab it.
 
My first revolver was a .41 Mag Ruger Blackhawk, which I shot until the ejector housing flew off. Love the .41, but you have to reload to really get the most out the gun. I love my M58.
 
.41 ammo

Go to ammo engine or ammo seek on the net or search Georga Arms ammo and you can find 41 mag ammo. Might not like the price but you can find it. Think twice about selling your "investment" as most stocks are only returning 5-8% and your Mod-58 beats that by a long shot (no pun intended). This advise worth every penny you paid for it. Respectfully, McSwack
 
I took the smaller grips what ever there called off of my new m58 and replaced them with the larger s&w smooth finger grooved combat grips. Now it feels good. The smaller grips did fit my hand but the combat grips look better. I purchased the smooth combat finger groove grips from the s&w store.
 
My M58 does not have the Magnas. The stocks are still small and are similar in size to the Magnas, but I had no problem shooting it.
I reloaded and shot 50 rounds plus 5 factory rounds through the M58 before I retired the gun to my gun cabinet. I reload for everything I shoot, so finding .41 mag ammo was not going to be a problem or big expense for me. I bought 150 pieces of Starline .41 mag brass from Cabela's. A local reloading store keeps .41 mag lead bullets on hand, and I have a several thousand large pistol primers on hand.
was all set to go, until I decided the gun was too nice to shoot.

Since then I have focused on acquiring M29-2s and older (P/R models). I really like shooting my .44 mag reloads. They do not punish you like factory loads, but they are very close. It lets you know you have just touched off a big boy toy.
 
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Not enough storage for your guns? The solution is not to sell a gun, the solution is to buy more storage!!!!

As noted above, the .41M is for reloaders. I have a nice recipe for 210 gr LSWC that goes about 900fps. Nice to shoot.

I wouldn't let either of my 58s go for less than a grand and they aren't nearly as nice as yours.
 
Well TEXVET, since you are not a .41 person probably best to send it down the road and use the money for what you have come to love. That said it is probably good that you didn't shoot the .41 as you may find that it even more shootable and accurate than the .44 Magnum in which case you'd sell off all the 29s replacing them with 57s... Then where would all us real .41 guys be...short of guns...

In reading your post it isn't quite clear if the original grips are on the gun. They should be a Magna grip with a rounded bottom and if origianl to the gun the serial number should be stamped on the inside of one of the grip panels.

Also if you post a partial serial number the year of manufacture can be determined. A "S" prefix would be 1964-1968. A "N" would be 1969-1974. S prefix guns usually bring a bit more than an N...

Bob
 
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I got my M58 out last night. The serial number is N2709xx. Seems like that dates the gun to around 1972. I called S&W after I bought the gun, but I can't remember the date they told.
 
Okay fellows I need your input.
The FFL I use, listed my Model 58 on Gunbroker this past weekend.
It is the gun listed in Richardson, Texas. I also let him set the Buy Now price.

Take a look at the photos and tell me whether you think it is priced fairly. (for Gunbroker that is). Does the quality of the gun and the extras justify the price?
Thanks.
 
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This post has been on the board for a while, so people may not be reading it. I don't think people are ignoring you.

Personally, I think that the buy it now price is a little high, but that's just me. I know that there have been guns going for stupid high prices. Your gun is very nice, but not quite perfect. I see a little spot on the cylinder. The seller did a nice job with the photos, so there shouldn't be any surprises.

People will assume that your reserve is close to the buy it now price. If that is actually the case, no problem. I often see nice guns with no bidders because the buy it now price is high, so people assume the reserve is equally high.

You could let the auction run to the end at the current price and relist it at a lower price if it doesn't sell. You could then set the opening bid at the lowest price that you would accept and skip the reserve price.

Good luck with it. It looks like a very nice gun.
 
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