S&W 586 As Investment?

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Its only 600 bucks. In 8 years you arent gonna be able to retire no matter where you invest that amount. If you like the gun buy it. I feel certain you won't lose money when you go to sell....I go to gunshows several times a year, I don't seen NIB no dash guns on the table for 600 bucks.
 
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$600.00 for a 95% S&W 586 no dash is definitely not out of line. I believe in a few years, you could nearly double your money. With box and papers, for sure. Any S&W without the Hillary hole sells at a premium of the guns with locks. It doesn't have to be a investment firearm. I would buy a no lock S&W anytime over one with a lock.. The time that 586 was made is gone. There will be no more ever made the way they made their guns then. IMHOP it will be a much better gun than anything you could get from S&W today. Get as an investment or as a shooter from a error that is gone.
 
The collector marker is too fickle to call. Look to the bubble with Model 12's and L.C. Smith shotguns. Also, how any times have you seen some pilgrim trying to sell a firearm to pay the light bill. How did that work out?
 
Consider it an investment in yourself. I have never really considered firearms an investment tool. I guess anything could be. I do buy and sell things, almost never firearms on the side. I look for something being sold cheap and I then resell it. I used to buy reloading stuff off Craigslist, but that dried up. I use the extra to buy firearms. So yes, go ahead, invest in yourself. If you need to think of it as an investment in order to justify it to yourself, then do it and enjoy. My dad has one like your looking to get, its a great pistol.
 
Nothing wrong with buying a 586 no dash for $600 if you want one, it just isn't an investment.
I remember passing on a nice Python for $600 in the mid 80's. Sounds cheap now but not a huge bargain at the time. Even if it was, I did not have $600 to spend on a handgun at the time. I have blown plenty of money on things I did not need but I have saved and invested much more.
You 20 somethings that aren't saving for retirement will wish you had. Not trying to be a know it all, just forwarding the good advice given to me.

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Sure, there are better ways to invest 600 bucks. I don't believe the OP is looking for true investment advice, though. I believe he just wants to know if the gun he is looking at is a good price today and will be worth a little more money in a few years.
 
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When I buy a firearm, I would like them to at least hold their value and not depreciate. Buying a Glock is like buying a car. It loses value as soon as it is driven off the lot. A vintage Smith and Wesson is like buying a bulldozer. I can buy a bulldozer, use it for a couple years and then sell it for what I initially paid for it. Some things just hold their value as long as they aren't abused. A Smith 586 might not have double digit returns, but you will always be able to at least sell it for what you paid for it.
 
I guess I don't see my guns as an investment, they are tools/toys. Other than a very few exceptions I don't think many of my guns are presently worth more than I paid for them. Even my revolvers, with the number of rounds I have put through most of my S&W revolvers, I doubt I will get out what I paid for them. I don't think I will lose my shirt on them if I ever choose to sell them but I don't think they will appreciate in value much, when I am putting thousands of round through them a year. My personal goal is to wear out a few guns before I am done.
 
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I have a lot of guns I bought at a great price. All of them have appreciated in value. At least equal to inflation. Some, considerably more.

They are, for me, a good store of wealth that I’ve enjoyed owning.

10 years ago, had I spent $150 bucks on some jeans and a couple shirts, they would be worth nothing. Same with a new VCR, Laptop, blender, chair, table, nice dinner and a show.

But, the model 10 I picked up for $150 is worth $200-$250.

You may not make money on guns. But, the monies still there.
 
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Maybe in 8 years this thread might be retrievable and you can see how it could have gone.

There are guns that I wish I would have bought and there are guns I am very glad I didn’t.
 
I bought this 6" 3 years ago. I doubt that the value has gone up but, I think it was worth every penny I spent on it.
It is not for sale!
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I rather assume my guns will depreciate in value because I enjoy shooting the ever lovin piss out of them.

Yes, you can resell a gun. That doesn't make it an investment though, except for in your own happiness. There's better financial investments out there.
 
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Sounds like a fair price, so if it's something you want, buy it.

But as all the rest, I don't believe in guns as investments. That is to say, buying guns at fair market value with the idea that they will be worth significantly more in the future and can be sold for a tidy profit.
 
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