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S&W 17-2 Price Check, Please

Discussion in 'Handguns: Revolvers' started by Phydeaux642, Jul 3, 2008.

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  1. Phydeaux642

    Phydeaux642 Member

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    The Smith catalog seems to be going out of date rapidly as prices continue to climb, so, I need some help. I found a 6" 17-2 today, serial #K632xxx, for $499. It has no box or papers. I looks to be in good condition. There is a little muzzle wear, a bit of a turn line and the grips are a little scuffed. It does seem to lock up nice, though. I don't really want a 'collector' gun as I would prefer to shoot it but have no idea what real world price is since I don't see them come through my area with any frequency. Thanks for your input.
     
  2. Shade00

    Shade00 Member

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    Model 17s are steadily climbing in price. I would expect to find a good shooter in solid shape mechanically and cosmetically (with lesser cosmetic examples at the lower end, and some going even below that) between $400 and $500, depending on where you live. That particular gun was built in 1965, which really doesn't mean much, except that it was built during a time when Smith & Wesson turned out some really nice guns.

    That said, I would try to talk them down a little; I certainly wouldn't expect a big concession, though. $499 is, from what the market is telling me, a fair price. Not a great price, but a fair one.
     
  3. Jim Watson

    Jim Watson Member

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    Agreed.
    Do you want a "great buy" you can brag about or do you want to go shooting?
     
  4. Iggy

    Iggy Member

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    Make up your mind, it won't be there long.
     
  5. XavierBreath

    XavierBreath Member

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    I agree with Iggy.

    The gun will sell at $499.

    Gun values are relative and variable. There are regional variances across the US that affect S&W prices as well. With the cost of all ammunition on the rise, you can expect the market value of quality 22LR caliber handguns to escalate.

    $500 was a fair price last year. $500 is also an emotional hurdle in purchasing, just like $1000. That is the only reason the Model 17 is hovering around at that price. As more and more shooters decide that a quality 22 caliber revolver is worth $500 in regards to the money saved on ammunition, you will see that $500 emotional hurdle disappear. Then they will sell readily at $600-750. The time to buy was really five years ago, but this gun in this condition will not commonly sell for under $500 again.

    I will say that I have not regretted purchasing any 22 caliber handgun at a fair price.
     
  6. welldoya

    welldoya Member

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    I would say it depends on how many Smith 17s you've seen for sale in your area lately. If you pass on this one and don't see another one at a better deal, you will be kicking yourself. Go in there with four 100 dollar bills and two 50s. Pull out the money (so he sees you are serious) and start at $400. One thing is for sure - you can't go wrong with that gun. You will have it for your lifetime and then pass it down.
    I bought mine new in 1975 for $145. And I'm still kicking myself over a used one I passed up at $165 several years later.
    I just never see them for sale around here.
     
  7. dispatch

    dispatch Member

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    I've developed a mind set- what will $25, $50, or even $75 spent on a gun that you want matter in 1-2 yrs? Also, the true price is what leaves your wallet. Consider shipping cost and transfer cost and very often a face to face sale is the same deal or better than the actual sales price.
    I have been a party to and witnessed transactions fail over $25. If I really want the hardware and the other guy wants to feel good about the deal, I'll let him win to an extent.
    So if a good Model 17 was presented at $500 (which $499 really is) and I really wanted the gun, I'd negotiate AND be prepared to pay close to asking price.
    And, by the way, I'd give $450.00 in a FTF sale any time.
     
  8. Iggy

    Iggy Member

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    [​IMG]

    Let's put it this way. I looked for a 17 for 5 years. I found this one and paid $400 for it about a year ago, and was tickled to get it.

    I sure wouldn't sell it to you for $499 today, nor would I at $599.
     
  9. Shade00

    Shade00 Member

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    dispatch makes a terrific point. In the long run, if you will be kicking yourself over the gun, then $25, $50, $75 is a pittance. I have done the same thing several times while watching auctions on Gunbroker. It'll reach my max, then I think... wait a minute... what's $20 more? It saves me the time waiting, looking, wishing. Just do it already. :)
     
  10. Old Fuff

    Old Fuff Member

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    As Shade00 knows, we have been following a Gunbroker auction for an almost-like-new pre-model 17. This particular piece is good enough to attract both collectors and shooters, and it's a good indicator as to where the market may be going. The simple fact is that no one is making hand ejector .22's of this quality anymore, and it's unlikely they will in the future. Look at the link and see:

    http://www.gunbroker.com/Auction/ViewItem.asp?Item=102882319
     
  11. El Tejon

    El Tejon Member

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    17s are going for $500 now???:what:

    How can this be? I paid $200 for my last one, 2 years ago?

    What is causing this drive???:confused:
     
  12. Phydeaux642

    Phydeaux642 Member

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    I think a lot of it has to do with people realizing that the craftsmanship of these old Smith wheelguns is way above what is commonplace today. The same goes for old Colt revolvers. The fit and finish of these guns plus the fact that they are great shooters make them good values when you compare them against their higher priced counterparts that are manufactured today. I have a couple of new Smiths that I like real well, but there is just something missing.

    Hey, look at that, I think I'm talking myself into putting some money down on that 17-2.
     
  13. Shade00

    Shade00 Member

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    The price of brass... and collectors/speculators. Quality firearms will always be worth money, and the 17 is just a pure classic. Worth every penny. If I see one locally, you better believe I'll be buying it.

    El Tejon, I would say $200 even two years ago was a steal, though.

    Phydeaux, you haven't bought it yet???? You're crazy for waiting. :p Hopefully it'll still be there for you. I kick myself thinking about the S&W Mod. 37 I passed up at $290 and the Ruger Security Six stainless I passed up at $260, all in the past couple of weeks. Don't let that be you!
     
  14. Phydeaux642

    Phydeaux642 Member

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    I just saw this yesterday afternoon at the local fun shop, and the store is closed until Monday. The only way it will be gone is if someone picked it up in the two hours they were open after I left which, I guess, is possible. A guy came in and traded this 17-2, a model 14 and a model 29. One of the guns he got in the trade was a Glock 22. I don't know what else he got but I can't imagine trading these guns for tupperware. I've got some tupperware myself that I really enjoy, but come on....
     
  15. Old Fuff

    Old Fuff Member

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    On more then one occasion I have lost out because I waited for two hours or less. I have learned to know enough so that if I run across something unexpectedly I can act on the spot, and not wait to ask questions. If something is a good (or great) deal someone else will know it too. :(
     
  16. dispatch

    dispatch Member

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    Yep- I lost a Model 27 in the last year in less than 30 minutes because I was only in the second aisle of the gun show and "needed" to look around. Sometimes things come faster than you expect- if your instincts say do it. Do it.
     
  17. machinisttx

    machinisttx Member

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    I've seen several very nice 17-2s as well as older K22's go for anywhere between $350 and $450 on the various gun forums. I've passed on two rough looking examples locally in the lower end of that price range in the last couple of years. My patience finally paid off today. I paid $350 + tax for the 17-2 in the picture below. I paid less for the 8 3/8" 586 no dash pictured with it. :neener:

    [​IMG]

    There is no way I'd pay $500 for a 17 without the original grips, box, and documents--and it would have to be in 98% condition or better at that.
     
  18. Hawk

    Hawk Member

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    There's a regular Model 17 not doing too badly: 606.00 with 5 days left.
    http://www.gunbroker.com/Auction/ViewItem.asp?Item=103249342

    This seller seems to not have the listings that go to the end with no bids. There a 58 looking pretty active too. And a .44spcl and...
     
  19. Phydeaux642

    Phydeaux642 Member

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    I went back to the fun shop today and looked at the gun a little closer. It seems like a solid gun functionally. I did notice a couple of spots of corrosion on the right side of the barrel that I didn't see the other day. I guess as a shooter it would be a good choice, but I can't make up my mind if I want to pay $475 for a shooter (he did say he would lower the price to $475 from $499). Decisions, decisions.:banghead:
     
  20. absolute0

    absolute0 Member

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    You've got to go with your gut in these situations. You've seen this gun twice now and still don't own it. If the price is holding you back, make the gentleman an offer and be prepared to walk away. If he doesn't accept, it wasn't meant to be.
     
  21. Jim Watson

    Jim Watson Member

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    Don't pass it up and come crying back here next year when they are up to $600.
     
  22. Iggy

    Iggy Member

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    Have you got a pad on your butt? The kicking yourself will probably begin before very long!!
     
  23. Hawk

    Hawk Member

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    There still appear to be "bargains" relatively speaking. This guy wound up at 430.00 before shipping, transfer, et al.
    http://www.gunbroker.com/Auction/ViewItem.asp?Item=102993418
    Even with more wear than the prom queen pre-17 it still looks pretty good for a 5-screw, not that I've much experience with what 5-screws are supposed to look like.

    The one that Fuff posted above went for a somewhat nutzoid price. I'm just learning here but I gather the middle 700s won't be "normal" for some time yet even given the pristine prom queen looks.
     
  24. Phydeaux642

    Phydeaux642 Member

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    Rough crowd. I guess it's better than being on the Kel-tec forum and being called a because I mentioned that the P11 dug into my thumb joint when I fired it.

    I guess $475 is still a lot of money. At least it is for me. And, I do want to walk away sometimes with the feeling that I made a great deal. The gun has been there for about a week and hasn't been picked up, so, I figure they are asking top dollar for my area or even a little more.
     
    Last edited by a moderator: Jul 8, 2008
  25. Old Fuff

    Old Fuff Member

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    You never know. It is well said that something is worth what you can get for it, and not one cent more. The market is an average that excludes unusually high and low bids. Then there is the law of supply and demand, and in this case only a certain number of pre-model and model 17's (or whatever) are available. Sometime the market is driven by sellers who can set a price and get it. Other times it's the buyer's turn and the seller has to settle for whatever the buyer will spend. When national economics get choppy many buyers drop out and wait. We may be seeing the beginning of that now. But it has been my experience that the very best examples of high quality classic, cult or antique guns can always find buyers.

    And things aren't always predictable. One seller on gunbrokers.com has an exceptional collection for sale, and it will provide a lot of insights. For example, we have a little model 61 .22 pocket automatic. You seldom see them offered; yet this one at $250 has not drawn any bids, at least up to now. On the other hand a .455 Triple Lock in average-plus condition and mis-matched stocks has pulled down a $1,500 bid. I remember in the mid-1950 they were selling for under $20.00.

    At the moment I think “market” on decent model 17’s is between $400 to $600, and a bit more for pre-models. Why the difference? Because in this case older is better. More handwork, and fewer cost-cutting changes.

    I do find it interesting that those who are always complaining about locks and MIM parts aren't coming out of the woodwork. Most of these guns are being offered for prices that are close to, or below Smith & Wesson's street prices for similar guns. But we shall see. That fat lady hasn't sung yet...
     
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