Rough estimate,current value of S&W U.S. Navy Victory Model,w/ factory letter?

[MIL-DOT]

I traded for this gun a couple years ago, after recieving much advice on this very forum ( so thanks,again).
Anyway, I have a very clean 1942 S&W Victory model .38 with the U.S. Navy stamping on the top strap, and the authenticating factory letter signed by the revered S&W author and historian,Roy Jinks.
I'm considering trading this ( in fact, back to the freind I got it from) and have been trying to acertain it's true value.
Now, I'm already aware that anything is only worth what someone will pay for it,but I'm looking for some real world intel here.
I've seen a couple nice Navy-Victorys ( er,Victories? nevermind ) that have sold in the past few months for $900-1000, but there's an active auction going right now where one is floating at around $400 ( but with 4 days to go.)
So anyway, you get the idea, as always,any info whatsoever is much appreciated.........

 

[mmitch]

A clean, U.S. Navy marked Victory, I hesitate to use "run-of-the-mill" example, but one that is, otherwise, representative of the breed, should go $400.00 in middle TN.
That would be my top dollar, but in ten years, I'll bet it would appreciate nicely.

Mike

 

[rswartsell]

I might go a little higher, but not a great deal higher. Depends on location, and buyers motivation I suppose.

 

[Dr.Rob]

Back to your friend?

What you're upcharging him for the factory letter?

Friends get deals. Trade or sell it back for what you paid + $50.

 

[MIL-DOT]

Yup, I suggested he merely compensate me for the $50 factory letter,and I'd be happy to accept any further inequity, but he's dug his heels in, insisting that all the $900-1000 sales I've found on-line don't mean anything, while insisting his post-'64 is gold-plated gold.
I just joined another vintage-firearm forum specifically for info on this issue, and just minutes ago, was advised to hang on to the pistol, and hunt for another deal on a pre-'64.

 

[Old Fuff]

There are some auctions (not Gunbroker or GunsAmerica) that specialize in high grade collectables and attract well-heeled collectors. If one spots something they really want the winning bid may go through the roof. I have seen vintage Smith & wesson's go for three times what I'd expect.

A Victory Model, backed with a factory letter and U.S. Navy markings is in some circles considered to be a hot item and is getting even hotter. However to get the highest price means selling in in the right place and venue.

Be aware that most collectors will gladly pay you extra for the letter, as it saves them the time and expense of getting one themselves. Others (including friends) often think it should be a freebe. I wouldn't go that route.

If I had the revolver I would tend to keep it while doing additional research. The more background you have the more it's worth.