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That is a very good but hard question. What is the defination of "cheap"? Is there a price cut off? Do you mean "best' as in quality, reliability, accuracy, durability, smoothness, etc? I am not trying to be pedantic, I just need more info to narrow down my choice.
Here is a list of some that I have owned that I thought were worth much more than I paid.
Ruger Speed Six SS 357mag $200
S&W M-19 $285
Star Firestar $250
Bersa 23 .22lr $175
All of those I still own and I doubt I will ever sell any of them because they don't make them anymore and I really like them. I think I value them more than they are worth but that is a good thing, it beats the alternative.
My Hi-Point 9 mm Comp has worked out very well. Cheapest handgun I own. At over double the price, the Astra A-75 has also worked very well (have a second A-75 that doesn't get shot).
An old Astra 4" barrel .357 magnum! Built like a tank,
this target sighted revolver was dependable and fairly
accurate; to be a product of Spain. My records indicate
that I purchased it NIB for $150.00, out-the-door.
A Star model SA for $100. IMO by far the most reliable and strongest .380 that was on the market. It was built on the 1911 format so it was small, flat, and tough with it's locked breech. I shouldn't have sold it.
Mike Irwin-Is that High Standard a 6" bbl ?
I bought for a little money that very gun from my dad...yes that gun.
Next would be an old Model 10 4" that was a backup pc kept at home by an officer. When he passed I was offered this for free...I didn't pay nearly enough even then--his widow just wouldn't hear of it.
Easy... My first purchase and still my primary house gun: Ruger KP-89 9MM. Paid $349 for it in "used but unfired" condition. Also my SA Mil-Spec was a bargain at $399 NIB. Both are reliable, well built, and shoot well.
Cheap is relative.
My two 'cheapest' guns that I wind up shooting from time to time.
.41 mag ruger blackhawk 4 5/8". Long range accuracy steel plate killer.
CZ75b 9mm short range run 'n gun steel plate killer.
You could buy either gun new today for less than $400.
My star PD shoots better than the $270 I paid for it, as well.
At $72.95, cheap is the only word that could describe it. Splurged and spent $19.95 for the 5 inch barrel and a spare mag. Could chase soda cans out to 35 yrds easy with either barrel. Couldn't find ammo that it didn't like. Never jammed with anything except Stingers (never have had any luck with those from any gun). Traded it for a Charter Arms Explorer pistol that I just had to have. Even threw in $25 on the deal. Couldn't hit the broad side of a barn from the inside and if there's any ammo out there that it does like I haven't found it yet. It sits in the safe as a reminder to not do stupid things. Everytime I consider a trade now, I go get it out and look at it for awhile.
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