How Much is a Smith & Wesson Model 500? A Comprehensive Price Guide
The price of a Smith & Wesson Model 500 revolver varies significantly depending on several factors. There's no single answer to "How much is a Smith & Wesson 500?" Understanding these factors is crucial for anyone looking to purchase or sell this powerful handgun.
Factors Affecting the Price of a Smith & Wesson Model 500
Several key factors influence the price you'll pay for a Smith & Wesson Model 500:
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Condition: The condition of the firearm is paramount. A near-mint, unfired revolver will command a significantly higher price than one showing significant wear, rust, or damage. This includes the condition of the barrel, cylinder, action, and finish.
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Specific Model & Variations: Smith & Wesson has produced several variations of the Model 500 over the years, including different barrel lengths (ranging from 4.5" to 10.5"), finishes (stainless steel, matte black, etc.), and grip options. These variations affect the price. For instance, a limited edition or a discontinued model can fetch a premium.
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Accessories: Included accessories, such as extra cylinders, speed loaders, holsters, or original packaging, can increase the value.
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Market Demand: Like any collectible or firearm, market demand plays a crucial role. Higher demand generally leads to higher prices. Current economic conditions and even news events can influence demand.
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Seller Type: The type of seller—private individual, licensed firearms dealer, or auction house—can also impact pricing. Private sellers might offer more competitive pricing, but dealers offer the benefit of verification and warranty.
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Location: State and local regulations, as well as regional differences in demand, can slightly alter the price.
Price Range Expectations
Given the variables above, providing an exact price is impossible. However, you can expect the price of a Smith & Wesson Model 500 to fall within a broad range. Expect to see used models ranging from around $800 to $1,500, while new models from licensed dealers typically start at $1,200 and can go much higher depending on the specifications. Exceptional or rare models can command significantly more.
Where to Find Pricing Information
Several resources can help you get a better sense of the current market value for a Smith & Wesson Model 500:
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Online Gun Auction Sites: Reputable online auction sites specializing in firearms often list recent sales of similar models, giving you a good benchmark.
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GunBroker.com: This is a major online platform for firearm sales and a useful source for observing current prices.
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Local Gun Shops: Visiting local gun shops allows you to physically inspect firearms and get up-to-date pricing from experienced sellers.
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Gun Forums: Engaging with online forums dedicated to firearms can connect you with knowledgeable individuals who can offer insights into pricing.
Disclaimer: Firearm laws vary significantly by location. Always ensure you comply with all applicable federal, state, and local regulations when buying, selling, or owning firearms. This information is for informational purposes only and does not constitute financial or legal advice.
