NIB S&W Model 10-5 for $500?

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Normandy

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A friend of mine is reducing his collection, and has offered me his NIB model 10 S&W for $500. Good? Bad?

I do love the K frames, and have a 67, and will have a 66 by this time next week. Would be 10 just be redundant?
 
If it is truly NIB, no turn lines, utterly pristine and all the accoutrements in the box, maybe-maybe $500, otherwise they go for $300-$350 in my area all day long. I have paid close to $375 for a snub version model 10 which had been sent back to S&W for a rebuild and finishing, had the original wood diamond grips, it looked brand new.

I have several K frames and they are addictive, a 10 in the collection is never a bad thing. I would offer $400 or $425 and see if he bites if it is as described.
 
$500 for a pristine, new old stock 10-5 wouldn't be either a good or bad price, but about the going realistic price.

They're very good revolvers, btw.
 
Howdy

I dunno where you guys live, but in this neck of the woods, a plain jane Model 10 or M&P with plenty of wear will easily run $400 - $500. Sometimes more. Just saw a couple today. I'm not in the market for a 10-5, I like older stuff, but if I was and I found a nice clean one with a nice box in good condition for $500 I would probably grab it in a New York minute.
 
They seem to sell around 250 to 350 in well used condition, and a little more for better condition. what 10-? series is it, and which barrel? It would be really hard for me to pass on it if it was truly unfired NIB with 100% finish at $450 if they wouldn't take any less.
Then you would have to decide to shoot it or not. There is a difference between NIB and like NIB. NIB means unfired (other than at factory to test fire) to me.
 
Check J&G Sales. When police trade ins are going for $400+, I think $500 is a great deal! That said, no it's not redundant, redundancy in guns is GOOD!
 
I would say it depends on what you plan to do with the gun.

It's it's really, pristine, unfired, no turn line, in the box, with all the papers, tools, etc., it would be a $500.00 gun around here. Maybe more.

BUT...if you're just looking for a gun to shoot, I wouldn't buy that one. You can probably find a "shooter" for a lot less. Model 10's in the condition I just described are few and far between these days, and really fall into the "collector" class. So why pay collector price for a gun you plan to shoot? And that is a "collector" price.

But if you're planning to collect it? You probably won't find one like that for less.
 
Normandy

I would probably offer $400 and go to $425-$450 if need be. Let us know how it goes, and of course photos of your new addition to the family.
 
I would say it depends on what you plan to do with the gun.

It's it's really, pristine, unfired, no turn line, in the box, with all the papers, tools, etc., it would be a $500.00 gun around here. Maybe more.

BUT...if you're just looking for a gun to shoot, I wouldn't buy that one. You can probably find a "shooter" for a lot less. Model 10's in the condition I just described are few and far between these days, and really fall into the "collector" class. So why pay collector price for a gun you plan to shoot? And that is a "collector" price.

But if you're planning to collect it? You probably won't find one like that for less.
^ This post sums it up very well.

By the way, 'redundant K-frame' is an oxymoron. There is no such thing if the revolver is in nice shape.
 
I wouldn't call a Model 10 a collector's item. There are millions of them.
I think $500 is a pretty good price.

I don't know where you guys are seeing NIB model 10s for less but you sure don't see it around here.
 
Prices are going up like wildfire. I've only been in the sport for 6 years now but even during my time here on THR I've seen the links to J&G police and guard turn in model 10's rise from $260 to the present $400'ish.

So while a like NIB for $500 would have been unheard of even a couple of years ago I'd say that in TODAY'S market that this would be a fair market value price.

Of course if the market returns to "sensible" status over the next couple of years you could easily see your $500 gun drop to $400 or even a tad less. But if you enjoy K frame guns like many of us you'll easily have gotten your money's worth out of it in that time and the market price shift won't matter since you'll find you smile a lot while handling and shooting such a fine gun.
 
Get it, get it now!

Don't listen to the pie-in-the-sky types.

Even if this is mildly high ( I do not think that it is) it will absolutely be worth significantly more in the near future. Each year there are less NIBs available due to guys like me shooting them and other attrition based factors.


Buy it and don't cheap out your friend who serviced your friendship by offering it to you in the first place.


Wouldn't sell mine for 500!
 
I have a pristine 10-5, but it was given to me by a good friend. But, I see them all the time in decent condition 80%-90% for $200- $350 around here. NIB obviously carries some weight, but it would have to be an honest to goodness brand new, papers and box 10-5 to get me over the $400 mark, and even then?

GS
 
I just paid $450 out the door for a NIB unfired model 36 flat latch. 100% finish, No turn line, papers, box, everything. While by far not up on the list of "holy grail" guns, a flat latch in unfired condition is still going to be rarer and more collectible than a model 10 in the same condition, imo.
 
Here in the Land of Oz 90 - 95% Model 10's can be found for $300.00. I brought one with a lot of holster wear on the finish for $200.00 and it shoots great.

As for a collector safe queen with box, papers, cleaning rod I guess it depends on how room you have in your safe.
 
I don't think that price is out of line for a NIB Model 10. Even if it's a tad high for your area, as the collectors say, you don't pay too much, you just pay a bit early. Don't be comparing a NIB -5 to a police trade in (most of which I have seen lately have been -14's).
Here's my -5, the original owner never fired it and his son put it on consignment after he passed.
th_SW10-5.gif
 
I don't think that price is out of line for a NIB Model 10. Even if it's a tad high for your area, as the collectors say, you don't pay too much, you just pay a bit early. Don't be comparing a NIB -5 to a police trade in (most of which I have seen lately have been -14's).
Here's my -5, the original owner never fired it and his son put it on consignment after he passed.
th_SW10-5.gif
Righto. Also don't comp a NIB against someone else's interpretation of a 90, 95, 95+% gun.

NIB is NIB is NIB and one man's 95 is another's 80.

Buy it or you'll be one of those "I shoulda..." "I coulda..." guys.
 
Remember if purchased as a investment (collection) it immediately starts losing it's desirability and value to other collectors as soon as it is cocked, dry fired or shot.

Collecting guns for investment purposes generally offers a low rate of return.
 
I don't mind paying $100+ extra for high condition S&Ws, even though I plan to shoot and enjoy them. It's worth it to me just to get a nicer example. With careful handling they can stay in 98+% condition for a long time even with regular use.
 
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