S&W 586 M 357mag

The early variants of the 586 & 686 had a recall on them for a faulty firing pin bushing. If the gun was sent back and the repair done, they received an "M" stamp on the frame near the yoke. Yours is a 586 "no dash" or 586-1, I presume?
 
Around here, I'd expect a 586 "no dash" in good condition to run about $650ish. Maybe a bit more with original grips, box & papers, and/or in unfired condition.
 
I bought mine for $475 and sold it for the same amount 2-3 years later. I saw one in "almost as nice" shape as mine about a year ago for $425. Probably should have bought it...but my M66 balances more naturally (for me).

The 586 is a beautiful, quality revolver. The blue of the 586 is far more classy than (and not nearly as common as) the stainless 686.

If the price is right, and the condition is good, and it speaks to you...go for it.
 
It spoke to me and shattered my ear drums when it said $900.00. I am in recovery stage now. Thanks all for your help!
 
$900 is pretty outrageous. :eek: As other posters have said, $475-$600 is more typical for a really nice one. Some future M586 shopping tips:
  • For some odd reason, nickel finish- particularly really nice nickel- seems to command a surprisingly large premium.
  • 2-1/2" or 3" barrels and the 7-shot cylinder are MUCH less common on the M586 than the comparable M686. Expect to pay a BIG premium if the seller knows what he or she has.
  • The 8-3/8" barrel is also uncommon but does not seem to be worth a lot more, perhaps because it makes the gun so doggone heavy and awkward. :( One exception: a fully-adjustable front sight was offered, and it's quite rare; expect to pay extra for it.
  • A number of M586's chambered in .38 Special were sold on the U.S. commercial market from a Brazilian police contract overrun. These are marked *.38 S&W SPECIAL* on the barrel and 586-5 inside the yoke cut; a .357Mag cartridge will not chamber in these guns. Yup- expect to pay extra. :)
  • Regular M586 production ended very soon after the introduction of the flat-faced MIM hammer and floating firing pin, and prior to the introduction of the "Plus" 7-shot cylinder (see above). Consequently, almost all M586's have the traditional hammer-mounted firing pin and 6-shot cylinder. Do NOT be suckered into paying a premium for these items. :rolleyes:
  • Be aware that "P&R" L frames- pinned barrel, recessed or counterbored chambers- do not exist. The L frame was introduced without these features.
I gotta get me another one of these. :D
 
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