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Deal or no deal?

Lutherf

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S&W Model 29-2 8" and a mid 60's Colt Python for $3k. Both guns show a little holster wear but lock up tight and the barrels look good. Grips are original and in good shape. Both come with decent leather holsters.
 
S&W Model 29-2 8" and a mid 60's Colt Python for $3k. Both guns show a little holster wear but lock up tight and the barrels look good. Grips are original and in good shape. Both come with decent leather holsters.

I work part time at a pawn shop, only thing I can say is used colts bring a lot of $. As to specifics here, don't know.
 
I work part time at a pawn shop, only thing I can say is used colts bring a lot of $. As to specifics here, don't know.

Guys seem to be asking $3k+ for Pythons right now. Whether they're getting that or not isn't something I can tell you. The Model 29s I've seen anywhere from $500-1500 so I figure if I'm going wrong it's not too wrong. A buddy of mine needs some cash and this is the deal he's offering.
 

That is a chunk of change, do your homework, if its a pal and you got the $, do what feels right!
 
Personally, if you are buying it as an investment, look into whether colt plans on re-introducing the Python. My sources say no but others have suggested yes. As for shooters, I would never pay that much because IMHO, Pythons are inferior to the same sized Smiths in terms of lock work and the trigger, you can buy a new 29 for under 1000-maybe less if you shop hard so 2 K for a snake -well I wouldn't but I buy stuff to compete with
 
I'm totally lost on this and need some input from someone who either collects or knows a collector of S&W.

The model 29 I picked up is a 6.5", not a 8" and, after a ton of looking around, seems to be a 1962-1963 model. The prices I'm seeing are all over the place and by that I mean anywhere from $500 to $3000.

The finish is blued and roughly 90%. There's wear at the muzzle and cylinder. The grips are the "coke" style and there's a chip out at the butt. The Serial # is S228xxx. No box.
 

sorry, I am not a collector in the sense that I buy stuff hoping to make money on it in the future true, I have lucked out-I have a pristine Microtech copy of the AUG and its no longer made and I have a couple Beretta Billeniums that are worth more than the 900 or so I paid for them but you are right, you have to find someone who really knows early smith values
 

Ah, the good old days...

From "The History of Smith & Wesson" by Roy G. Jinks:


Another FYI, in 1968 S&W deleted the diamond insert in their grips. The grips alone on your S&W would probably be worth more than several hundred dollars if they were in good condition. I paid about $100 almost 10 years ago for excellent condition N-frame diamond magna grips.

In 1982 S&W stopped pinning barrels and recessing their cylinders. The only guns that had recessed cylinders were magnums and .22s.

All of these changes were made to cut production costs, and create collectors probably.
 

I hope the Cobra does well so Colt will brink back there other snake guns.
 
Next question, I've got an offer to trade the Python for a Winchester Model 12 28ga. Haven't seen the shotgun yet but near as I can tell the model 12s are basically $500 guns. Am I missing something or does the relative rarity of the 28ga make it that much more valuable?
 
WRT above. I haven't seen the gun yet and it might be a Browning instead of a Winchester.
 

I deal in guns a lot. Based on your description of the firearms.. you are paying full retail for these guns at 3k.. at least in my opinion. I don't know the market in Arizona.. local markets can be different. Actually based on the condition you describe and no box.. you are probably paying MORE than real retail at 3k. Collectors generally want pristine 100% and boxes. You are simply not talking that early a firearm for condition and box not to matter to a collector.

Now its your buddy.. and so maybe you just want to help him out.. and that's fine. But I would expect that if you tried to unload these guns fast (to someone who would be looking to turn around and sell them) .. you would be looking at taking a loss of 1500 dollars or more. If you were willing to hang out for closer to retail.. you are might get your money back but I think you would likely take a loss of about 500 to 300. Hold onto them for 20 more years? Who knows.

Quite honestly.. from you posts.. I think you are in the gun market a bit.. and the fact that you are questioning it on the internet probably means that your gut is telling you its not a good deal. Just saying...
 

Condition, year of manufacture and model type (field, deluxe skeet, etc) mean everything when it comes to the Win model 12. You could get 350 for the gun or 5000 or more for a 28 gauge in the right condition. I would suspect that if you are looking to trade or sell the gun.. a Colt python has a lot bigger market of people that want to buy it than a model 12 28 gauge.

Turtledude might have a better sense of this because he plays shotgun games. I bet that the guys paying big bucks for a skeet gun are problably not using a 28 gauge win model 12. they are in some type of overunder or double. (there are a number of autoloaders but they generally are not in the 3-10k range.
 

Thanks for the input. The Pythons I see at shows around here are tagged $3500 and, come Sunday, are usually still on the table. I've heard lower offers turned down so maybe the sellers are just hanging on until they get full pop. I haven't bothered looking at model 29s because I've never been in the market for one. Next show I'll pay a little more attention. I figured I was right around retail on them but I don't need to flip them. The shotgun offer came from a guy at the range and I'll be seeing him, and the gun, this weekend.
 

Right. Gun shows have so many optimists.

The last gun show I was at still had guys trying to unload .22 shells for 10 dollars a box more than I could buy in the store!. (three weeks ago).

I would expect that if you tried to unload the python describes as it is.. you are looking at 1300 to 1500 depending on condition. The chip in the handle (I think you mentioned that) would hurt value a lot.

I think realistically the smith is 600-800 based on what you said. those are what a guy who wants a shooter is paying for them. Higher for a collector.. but a collector generally wants 100% and a box etc.

A dealer is looking to give you a 1000 to 1200 for the colt.. and 500-700 for the smith..

Of course a firearm is really worth what someone is willing to pay.. and someone might want it bad enough to pay top dollar and more.!

Gun shows are tricky things.. 1. The guy selling might have bought that python when the market was higher.. and not want to part with it for a loss or for less.

2. the python is a draw. "oh look.. a colt python!" and it catches peoples eyes.. everyone knows a colt python.. .. and so a guy stops.. and looks at the other stuff on the table too.

The reason I know is because I do it too. I put out some of my colts with outrageous prices on them.. cuz they don't eat anything sitting in my gun safes. and I like them and have no need to part with them unless I get my price. and they draw in people for the other stuff I am selling.
 
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Got my hands on the shotgun today. It's a Ducks Unlimited Browning model 12, 28ga with a friggin' amazing stock and all kinds of fancy etching.

The problem with the shotgun is that it's too damned nice to shoot.
 
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