What's the value of this gun?

[neeilly]

Greetings. New user here and this is a great site for information, thanks to all that post for us newbies to learn. Here's the deal. My uncle passed away and my aunt has a S&W 357, nickel plated, wood grips, model 586 that she wants me to have. I want to give her fair market value for it as I know her financial situation is not great. I went to a dealer in town and they offered $225 which I think is low. Can anyone give me a value on this rarely fired gun? I know that most people on these forums are not appraisers, but any help or insight would be appreciated. Thanks.

 

[dice dealer]

Blue Book of Gun Values

S&W 586
.357 mag cal..L frame 4,6 or 8 3/4 in barrel 6 shot blue or nickle
Disc 1999

100% $650.00
98% $525.00
95% $450.00
90% $375.00
80% $300.00
70% $250.00
60% 200.00

7 engineering changes to this model

Hope this helps

 

[haldir]

There are some listed on gunbroker right now ranging with bids from $350 to 850. Most are in the lower part of the range.

 

[clt46910]

If it is in almost new condition I would think 450 to 500 would be a fair price for both of you.

 

[iam1096]

I have seen them in gun shops blued for around $350 to $450. Most gun shops want to make 30% mark up on used guns.

 

[sloughfoot]

The gun is worth 350 to 400 dollars. If it was my Aunt, I would give her $500 for it.. Just my opinion.

 

[neeilly]

Thanks everyone, all the posts have really helped me determine what to give her.

 

[Goodcat]

Welcome to the first forum in your life where everyone is actually helpful :-)

 

[repair]

Welcome to the first forum in your life where everyone is actually helpful :-)

Hey I'm not helpfull

 

[Jeff]

Hey I'm not helpfull

Well, you were right about my Honda, so...yes you are!

 

[lovemywoods]

Hey I'm not helpfull

Sorry Repair, you've been caught being helpful. When? At FNS as you demonstrated humility and persistence.

I realize that exhibiting such noble traits may damage your reputation, but you did it to yourself!

 

[repair]

Well, you were right about my Honda, so...yes you are!

LOL........It was a lucky guess, backed up by 30 years of hard work..

 

[ppaskins]

Neil, I think this is a great gun for you. S&W is a favourite of mine. I agree that you should probably give your Aunt about $500 for it. After all, she is family.

 

[SCriswell]

Give her $300.00 depending on condition. If you feel really guilty make it $400.00

 

[jimbo-indy]

A good 586 is a treasure. Very fine revolver that will last several lifetimes. Keep it in the family and leave it to your childern.

 

[calcot7]

Yes, the fabled "L" frame. I have owned a 6" blue one since 1982. At the time it was the only .357 that could shoot with the "Colt Python." A very accurate and pleasent to shoot revolver.

 

[mAk0]

My apologies that this post is not relative to the OP but.....I must say that I agree with goodcat. All of the other forums I have found, if you ask a question you get flamed something serious.
So being able to get helpful advice without all the whoo whoo is nice.