Sanity check on NEW 586 and 686

[WestKentucky]

LGS I buy reloading supplies from has a very recent production brand new 586 6" in the case. It's gorgeous...and they think so too. It's next to the $899 686-6 and the 586 has a tag on it for $1099.

Somebody has obviously lost their mind, just want to make sure it's not me. Last time I price checked, a 686-6 was a 750ish gun and the 586 being more collectible and more rare was bringing 825ish.

So has the shop owner lost his mind, or have prices gone up so much that I'm crazy for thinking 1099 is simply ludicrous, and 899 being highway robbery.

 

[cfullgraf]

Bud's in Lexington has both listed for around $700 plus/minus a bit depending on model, barrel, etc.

 

[Delford]

This...

 

[WestKentucky]

Thanks for confirming. These guys are jerks on top of being expensive. They want $50 now for a transfer. 40 for them, 10 for the paperwork. I hate to even give them my money for reloading components, but it's a lot cheaper than paying shipping.

 

[tallpaul]

I get a kick out of guys whining about another man charging 50.00 for a transfer... I wonder how many of the whiners get paid at their jobs.. I like deals and cheap tranfers from guys who do not value their overhead... realistically you are removing the profit from the normal sale that they could make then whine when they think their time and overhead is worth a realistic price. Most of you guys whine when the shops close too I would imagine some of us woukd think you make more than you should at your job too
and no I do not own a gun shop

 

[bannockburn]

WestKentucky

Sounds like your LGS is really proud of their S&W revolvers and want to keep them around for awhile so everyone can admire them.

 

[WestKentucky]

I get a kick out of guys whining about another man charging 50.00 for a transfer... I wonder how many of the whiners get paid at their jobs.. I like deals and cheap tranfers from guys who do not value their overhead... realistically you are removing the profit from the normal sale that they could make then whine when they think their time and overhead is worth a realistic price. Most of you guys whine when the shops close too I would imagine some of us woukd think you make more than you should at your job too
and no I do not own a gun shop

It's not just a this or that situation. 30% over market value, 30 bucks more than other local shops for a transfer, and being a jerk to customers. The only thing they have going for them is the reloading section and fishing tackle area. Sad thing is they are the only ones local who carry the guns I like where the other shops have to order it. If they would be realistic about their business I would buy from them, but all I'm getting from them are signs saying they don't want my business.

 

[Sergei Mosin]

MSRP on a 686 is $829. MSRP on a 586 is $839. If they can get their asking price, well, P.T. Barnum was right.

(I recently paid $650 for a gently used 686-4. No lock, no MIM, and maybe not a screaming deal but I left happy.)

 

[cal44mag]

If you want a 686, and are happy with a 6 round cylinder, you can probably do better buying on the used market.

Not sure about the 586 as I don't see very many of those for sale.

The 686 price seems a bit high. The 586 price seem very high.

I suggest you buy used, or at least find another store.

 

[WestKentucky]

I have a 686-6 and a year ago I traded into it (new) with a pricetag of 719.99 on the box. I didn't think they had jumped in price, but I also moved to an area where guns are a bit more costly. Too bad it's another state or else I would buy when I go to visit my parents or my inlaws. Luckily it's an adjoining state so I can still buy long guns there.

 

[Buckeye357]

I just ordered a 6" 586 Classic last week $800 out the door that includes sales tax, $50.I can't wait for it to come in and shoot the heck out of it.

 

[Jonesy814]

A shop near me had 4 and 6 inch 686s on sale for $699.99. The regular price is $749.99 I believe. $779 for the 586s

 

[il.bill]

My local distributor has S&W 6-shot 6" Bbl. 686 and 586 Revolvers on hand. I am selling them right now in southern Illinois for $710 - $740 plus tax. The prices you stated seem pretty high - but not if the shop can actually sell one for that.

 

[wgp]

I bought a new 4" 686 two weeks ago at a gun show, $700. Saw used ones at the same show for almost the same. At another show a week earlier I saw a used 586 for almost $800. It pays to shop around.

 

[icanthitabarn]

It was a couple years back but I spotted a 6" 686 at the funstore. It was mint but used. I called my friend and they held it. $499

 

[b0ned0me]

30% over market value, 30 bucks more than other local shops for a transfer
...
they are the only ones local who carry the guns I like where the other shops have to order it.

Can't really comment on the rest of their business practices, but it's common that ordering in stock to sit on the shelf for that take-it-home-now feeling is costly relative to basically ordering it making a website order on behalf of the customer. Living in a small town, I've come to accept that any kind of store with a decent selection of good quality merchandise is either going to go broke or else have to charge a LOT relative to the interwebz and the superstore 3 hours down the road.
Might be interesting to total up the market value of everything they have sitting on their shelves, and estimate how long it sits there on average. Some places are really good at keeping their inventory money whirling round quickly, others basically have their mortgage sitting there gathering dust. Usually it's the first type that manage to stay afloat in the long run.

 

[Bo]

I bought a 586 6" bbl. just a few months ago from Kentucky Gun Co. $700.00 NIB.

 

[Coal Dragger]

I get a kick out of guys whining about another man charging 50.00 for a transfer... I wonder how many of the whiners get paid at their jobs.. I like deals and cheap tranfers from guys who do not value their overhead... realistically you are removing the profit from the normal sale that they could make then whine when they think their time and overhead is worth a realistic price. Most of you guys whine when the shops close too I would imagine some of us woukd think you make more than you should at your job too
and no I do not own a gun shop

I always try to give my local FFL a shot, he's reasonable on FFL transfer fees, but as a courtesy I tell him what I'm looking at, who has it, and their price. If he gets close to that price then he earns my business. I have yet to have to do a transfer through him, and I'm glad I can let him profit instead of some retail chain store.

Very important to me to make sure he gets my business when possible, since he's never proce gouged during an ammo shortage, keeps reloading components on hand, and reserves his stock during shortages for local business.

 

[WestKentucky]

I officially have a new local favorite. The shop I got my PP from is incredible to work with. A guy was in there doing exactly as Coal Dragger explained..."I can buy online at X and pay you X plus 25 or you can sell it to me at your best price, shoot me a number bubba" to which the guy threw out a price on a lcp but clearly pointed out that LCP is no more but a mo-spendy version is coming along. Guy bought the one he was holding, not sure where the price ended, I was doing paperwork.

 

[eldon519]

Websites like Slick Guns make it easy to hunt down the best price. Frankly it is tough for a local FFL to compete these days. If it is a good local FFL, as mentioned above, tell him where you see it listed including shipping, tax if applicable, and figure in the transfer fee and see if your guy can get in the neighborhood.

Obviously it won't happen overnight, but if eventually all the FFLs went out if business, there would not be places to go hold guns, trynout triggers, etc before buying.

 

[GBExpat]

I always try to give my local FFL a shot, he's reasonable on FFL transfer fees, but as a courtesy I tell him what I'm looking at, who has it, and their price. If he gets close to that price then he earns my business.

That is the way that I operated for a long time until my local 01FFL buddy retired and moved to the valley.

After he left town I found another fellow with whom I could do the same thing. Unfortunately (for me), he and acoupla guys opened a LGS the following year and, over their initial year, some key things changed due to overhead/costs and/or hassle, I have no doubt.

That is still my spot for any 01FFL-action that I require and, prior to purchasing new, I still check their prices online, but it is not the same.

I did not mind the xfer fees going up, but I had been really looking forward to them shipping handguns via USPS for folks like me. That was going to reduce the handgun shipping hassle enough so that I could trim a lot of handguns from my collection (accumulation) via Gunbroker. A dozen years ago I gave up on having to drive 40+ miles, roundtrip, paying outRAGEous fees and having to put up with Clerk ignorance and/or abuse at UPS or FedEx in order to ship a handgun.

<sigh> Life.

 

[Ledhead686]

Rats!... So now we're talking $700 minimum for a new 686? -- just the gun I was in the market for? Great...

Whatever happened to paying $350 for a S&W 27 new in the box? Or am I just showing my age here, and many-years hiatus from being on top of what's going on in the world -- and cost -- of firearms? Apparently so...

 

[Panzerschwein]

Just like Colt revolvers, the Smith and Wessons (at least the superior used ones from before 1999) are well on their way to becoming collector's items. Instead of riding in a holster or being used at the range, they'll sit in some old guy's climate controlled safe, gathering dust. Meanwhile the people who actually want to experience shooting these guns won't have that opportunity since the well-endowed collector will have bought them all up to stock their safes with. And for what? Well to preserve history, of course! As if their accumulation matters more than a thousand other people who've collected the same guns in the same condition as them.

It happened to the M1 carbines, God knows it happened to the Colts, and it's happening to Smith and Wessons.

But at least the omnipotent collectors will get to have their cake and eat it too.

 

[Ledhead686]

Really don't want to start a new thread on the subject so, could some kind soul point me in the direction as to where I might pick up a used .357 -- preferably a 4" double-action -- for about $300 or so? Or are you people too busy rolling on the floor laughing?

Much appreciated...

 

[Sergei Mosin]

You're not likely to get a decent used .357 for $300. Even a .38 in reasonable shape is going to cost more than that. You might find a used Ruger SP101 or Security Six or a K-frame Smith around $400, if you're patient and lucky.