3Gen S&W auto values

Status
Not open for further replies.

Tirod

Member
Joined
May 24, 2008
Messages
5,290
Location
SW MO
I've been reading around on third generation Smith and Wesson auto pistols for a few weeks and one comment has been getting repeated often - they aren't selling as cheap as they used to.

Maybe, maybe not. One of the examples usually given are the used police models and quoting some of the "heyday" prices of $329 for a typical gun. Having researched the net for the last week - you can still find those prices. I can't tell you the guns then or now were better or worse - considering the example are used service pistols - but I can tell you that going further than a casual glance to see which guns actually sold and which were ignored makes a difference.

The higher priced guns are getting very little bidding unless NIB, .45, or an option considered rare and wonderful. Some of those are moving into the collector grade and rivaling items like the HK P7, in the $1400 range. But a shooter, former Police Issue? There are listings for Ugly Guns, too, at $215 their choice.

Given a used decently clean and not too abused .45 ACP like the 4566, even with TSW option, and they are moving for $425 up. What aren't moving are guns with $599 entry level bids or high reserves, which are getting substantial resistance and a lot of relisting with no action. Not unlike some gun show vendors who seem to haul the same guns to the same shows year after year waiting for that one buyer. Oh well. But the guns that are moving? They have vendors who allow them to start low, and they sell. I know - I've been watching this for a few weeks and I just got one.

How many all stainless .45ACP guns are out there for pricing in the $400 - 450 range? New 1911's like that run $1,100. I even passed on a 457 for $300 buy it now to stay focused on the 4566's. Well, I can't buy them all. :(

Move up to a five inch 4506, or 645, and prices rise, expect near $800 levels. There are still guns that sell for less but they are fewer and further between.

The point being, it's not a blanket situation that "all third gen guns are going up." It's even discussed on their forum where values for the next guidebook are examined - LEO pistols are still depressing the market and that's a good thing for you and me. It won't last forever, the good ol days will come to an end where the last department sells off their all metal guns. Of course, at that point, we may well see polymer police trade ins moving under $150.

Well, it could happen.
 
Some models are just going to be rarer or more demand than others. If some models have gone up a lot in price, then it's probably fair to remark that prices are going up.

After all the good stuff is pricey, there will still probably be a bunch of beat up 5903s for cheap.
 
I got a S&W 4586 several years ago that I had the grand total of $150 bucks in. I traded a Remington 870 Express with a slug barrel even for it and that was what I had in the shotgun. That had to be the best trade I ever got on a handgun. I wish I still had that 4586 but alas it got traded for a Nickle S&W 29 4" & I had to give 20 bucks extra. The life of a gun trader LOL!
 
I think you summed it up pretty well, when I bought my 4566 in 09 the LGS wanted $499. I didn't ask if it was a LEO trade in but suspect it was because of non matching box.

Since then I've seen a couple of 4506 with the price tag of $600. at LGS and at a gun show there were plenty of 9mm for <$350. but no .45 to be had.

I enjoy shooting mine but it's been replaced by a G23 as my big CC, I'm in no hurry to sell because I believe there will be an upswing in price in the future.

An all steel .45 semi-auto(without MIM) should be a classic even though some guys don't want to put forth the effort to learn the trigger.
 
The point being, it's not a blanket situation that "all third gen guns are going up."

They are, just not proportionately to one another. Guns like the 4506 and 1006 have taken a big jump into the $800-$1,200 range, whilst the much more common 5906 or 4006 are pretty much running with inflation.

I paid $350 for my LNIB 5906 back in 2007. $299 for my trade in 4006 with night sights in 2005. Also in 2005, $575 for my 1006 and $450 for my 4506. 2008 I gave $400 for my 4516. Around those times, I passed on a couple of 1066s in the $400 range. Should have grabbed one. Oh well.

You will not see those prices today, unless your LGS owner is a luddite who doesn't understand the market because he won't use the internet.
 
About seven months ago I paid $450 for a like-new 4006 TSW with five mags. At the local place on Monday this week I saw a 5906 for $500, a 909 for $425, and a gaggle of (presumed police trade) 3953s for $400/ea.
 
I don't have much interest in .45s that aren't semi-custom 1911s, so I don't know how those guns are doing, value-wise, at least around these parts. I have always been a 9mm lover, and I can tell you that the landscape for stainless/alloy 3rd gens in 9mm is certainly on the up-and-up.

Frankly, it's not very easy to find a clean VG+ example of any 9mm Smith that was also a service pistol. Most are beat-to-hell, seatbelt buckle rashed LEO trade-ins, or commercially sold guns that were not taken care of by their owners. I once considered rehabilitating such guns for personal use, but it would have been way too much time and money to do so. I gladly paid $500 for a super clean, Exc condition 6909 w/o box based on that premise.

Locally speaking, The 9mm guns that are carry oriented (6906, 3913, 3913LS, etc.) are a steal at $500, but $600-$700 seems to be where a lot of them typically sell. Every now and then some will pop up at $450, but that's pretty rare.

Either way, you're gonna want to grab a few magazines while you can. That particular situation is looking grim for several models this far down the road.
 
+1 on magazines. CA has the looming mag ban so older guns that grandfathered the mags, this new turn makes mags a :( situation. I looked briefly for some 10 round 6900 series mags and came up with nada.
 
On second-hand market the .45ACP and 10mm ones bring in premium while standard production 9mm and .40 handguns continue to be reasonably priced.
Brand new all stainless DAO 5946 9x19 with Trijicon night sights and two 15 cartridge magazine costs $650 to $700. While that is not inexpensive it is brand new handgun not a used one. I have held one in my hands and it was very nice handgun.
 
Dudenal, here ya go ...

Got my 4566 some years ago as a lightly-used cop "trade-in." It had received all the TSW/L.E. upgrades (including *new* night sights) before the agency dumped their 3rd Gens .45s for Glocks (I assume). :rolleyes:

Still shoots awesomely.

Because I liked it so much, I had Tripp's outfit tear it down and hard-chromed it. Great job too. Don't know if Tripp still does the HC thing, but there's been extremely little wear on mine ever since.

S&W 4566.
SW-1.jpg
 
I got the bug with my 1086 (1660 made). DAO. I got it for $800. I got some custom Hogue wood grips for it because I like steel and wood.

SampW%20Left_1.jpg


I enjoyed it so much that I wanted it's little brother, a 4043. I got him for <$300 a few months ago on Gunbroker. Neither beat up or police trade ins. Great deals on both. I know they will both increase in value. I loaded up on mags for both as well as the 10mm mags are pricey and will be hard to find.

SampW%204043%20left.jpg
 
While we are talking dollars it would seem that we pay more of them today in many cases. No argument there except we keep comparing numbers over a period of ten years or so. There's been some inflation and I would speculate most gun prices are affected by that alone.

Now it's about 1.1%, then it was hitting 4%. Gas may have gone down but a lot of the rest of the prices in life went up - as did comparable/competitive guns. It's been polymer making the prices go down as competition keeps nibbling at the profit margins. But compare a foreign made all stainless 1911 then and now, you see how much they went up. S&W 3Gens, no.

I don't have a better example, but it LEO 9m trade ins were worth $325 back then, and we are seeing $215 for beaters now, then that does affect the overall price. And that seatbelt and sidewalk rashed gun basically is just cosmetically compromised - beauty is skin deep, that pistol may be a infrequently shot and decently maintained gun underneath. Start with some 1200 grit and new grips, and voila. Those posts aren't infrequent on some boards. They are stainless - with roll marks you can fix them easily while improving the finish. Laser etched later models not so much, but in general they aren't so beat up, as far as I've seen. Simply less miles in the saddle.

S&W still does bead blast them for a reasonable price, and other services, too. If it was a budget purpose and you could only spend $250 a year in a few short years you would have a nice gun affordably.

For an all stainless gun in todays market, they are undervalued by quite a bit - which is why I see the primary purchasers those shooters who either carried one or who patiently listen to their elders for those prized nuggets of wisdom. I can see S&W's selling well already, yes, I don't see much conversation about collector grade polymer guns - yet. I could happen.

If you are interested (note pics above, there are a lot who are) then, like GI 1911's, now is the time to buy before the last ones are gone. That's why I did - like the better Garands, it's already too late, and we may never see 1911's if McCain gets his bill into law destroying them. There will only be those in private hands, and they are already selling for double what I paid for the Smith.

You get what you pay for they say, in this case I think a far better return, just in the pistol alone.
 
This double stack 9mm DAO compact 6946 wasn't real easy to find several years ago when I got this one. I would think they may have increased some in price...dunno.

I like it with either the 12 or 15 round magazines.

407527160.jpg

410626427.jpg
 
In tribute of this thread the 6904 went to the range today and the prior session was the 2206. The shooter in the other lane was commenting that he would like to find a one of the steel frame 45's of that era.
 
Well, I went back and bought the 909. At $425 with box and two mags in excellent condition, I think I did okay. Sure is a lot lighter than my 4006 TSW.
 
I've seen only a few pretty trashed 3rd gen Smiths in the shops lately ... The last decent one (sans box and spare mag even) I saw in a shop had a pretty hefty price tag I was unwilling to pay, so I'm in agreement that the prices are trending way upward.

I'm still looking for a minty 5906 and 4506 to replace the ones I traded off (in an incredible fit of stupidity) ... thankfully, I kept the 3913, which I'm now reminded needs to go to the range next time ...
 
I can't seem to find exactly how much I paid for my 1006, but it seems like it was about 800 bucks several years ago, and it looks like they are listed at about $850 now.

The mags are a different story though, glad I bought about 8 of them a few years ago... I don't remember exactly what I paid for those either, but it definitely wasn't the $50/pop they want now.
 
I paid 350 for a 4566TSW less than two years ago with dimming Trijicons and three magazines.

Slide was a little beat up but polished nicely.
 
I'm still looking for a minty 5906 and 4506 to replace the ones I traded off (in an incredible fit of stupidity) ... thankfully, I kept the 3913, which I'm now reminded needs to go to the range next time ...
Even though I love these guns and believe they're incredibly undervalued, I still hate to see the prices increase. But let's face it, in an era of ugly plastic pistols, there's something to be said for class. I have gun magazines from the early 80s that have articles critical of S&W's stainless revolvers. The quality control wasn't what it was, the bright finish spooked animals when used for hunting. Stainless steel didn't hold up as well as carbon blued steel (completely untrue) and shouldn't be used for home defense because it reflected light and could give away your location. And there were other gripes.

Now these guns are considered classics and people pay through the nose for them. Consider the 3-inch models -- yes, the same guns the magazine writers said should be avoided because their short barrels made them unworthy to be called "magnums." Now these are some of the most sought out pistols of our day.

The second and third generation autos are now achieving that same classic status. To produce them now, out of stainless steel, with chrome plated hammers and triggers and protected rear sights -- with the price of steel and the requisite attention to finishing and fit, the more it would cost to produce today. And that's gotta add to the value. Finally, these guns' beauty (the "cool factor") hasn't been lost on Hollywood or the public. Hollywood can and does quite often boost gun prices; not only with real, functioning guns, but deactivated guns that people collect.
 
Status
Not open for further replies.
Back
Top