Thinking of putting on consignment at LGS

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xring3

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7703DFF4-9A6D-41F4-9D8B-7B76E1C8FECD.jpeg I’ve thoughts of putting my S&W 357 on consignment at the LGS. It’s stainless and model 868-4. Need ideas of what it should go for.
 
Standard Catalog of S&W gives ANIB value of $750, excellent condition as $550. Those are four year old prices, so maybe a bit higher. Ask on the high end to cover your consignment fee, be willing to negotiate.
 
Gotta be honest, I'm really not a S&W fan. But a pre-lock in good condition is worth holding onto (if you have any use for it at all).

But if you really want to sell it, I wouldn't start lower than $900. Some people are really desperate for a handgun right now.
 
The best valuation would be from the LGS where you plan on consigning it for sale. He should know the market for your area and what the gun would go for. Set your price too high for the market and it will just collect dust. I would think the LGS will try for the highest price he can get as it means more money for him at a price that it will sell for in a reasonable amount of time.
 
If you posted that in the for sale section of either this site or the S&W site it would go pretty quick at a reasonable price. That $900 mark seems reasonable. 3" is not all that common.
 
Sure looks like a 4 inch barrel to me. Don't see where the OP says its a 3 inch either. The dash 4 is considered by many these days to be the pinnacle of 686 production. It has all the improvements up to when MIM parts were implemented. Many will pay a premium for a dash 4 so $800 wouldn't surprise me these days
 
So was I wrong then? Is an 868 a real thing?

As a one-of-a-kind gun, it's practically priceless. :p

In all seriousness, I agree that this is the perfect time to offer such a thing for sale, assuming that the owner is utterly sure that he has no use for it. I would consider $900 as an absolute floor, and would strongly consider $1000 as a minimum instead. And I hope to hell that in a few months' time the whole idea will seem nuts.
 
No, definitely not. That's a 3" barrel.
Yep, for sure it's a 3-incher.

Up here, in the used case, I'm pretty sure it'd be put out for $800 - $900, though I'm also sure someone would spring for it at a grand (the way things are going these days).

But, one suspects used revolver prices might be a tad lower in the OP's state and that general region.
 
I would try to sell it thru Gunbroker, their fee is very reasonable and instead of one buyer accepting on a price at the store you could find a few in a bidding war that drives the price up a few hundred more than what it could have sold at the LGS.

IMO, consignment is best for cheap long guns you just want to get rid of as the higher consignment fee on a cheap gun doesn't hurt much and having the shop do it means don't have to deal with shipping. Having an FFL ship a handgun in a small box is no fuss, no muss.
 
The market is crazy right now, so who knows how high you could go.

That revolver has lots going for it: pre-lock, 3", looks to be in good shape. As some have said, I wouldn't have a problem consigning it at $1200 these days, and wouldn't want to end up with less than $1000.
 
One thing to consider when choosing a LGS is 'stability' once you consign it becomes their inventory meaning if a store problem was to arise ( IRS or something underhanded) your property becomes wrapped up with all the rest until sorted out.
I've seen it happen.
J
 
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