So this friend owes me $500

V

Viper99

New member
Hello all,
This friend owes me $500 bucks and is offering me his pristine looking S&W model 15 4" barrel stainless or nickel plated not sure which but in new condition.

Should I take it?

Thanks in advance
 
That alone would not be an even trade. I would be looking for about $100 of ammo, holster, or other stuff to even out.

If I was repaying a loan in goods when the expectation originally was cash I would offer stuff worth significantly more than the cash amount, as a token of appreciation for being flexible.

Or just suggest he sell what he needs to in order to raise the cash pronto.

I never make a loan to family or friend I am not willing to turn into a gift and lesson learned.
 
Value of the gun seems to be at least worth $500 if in pristine condition. If you need / want a gun like that and can afford the $500 it doesn't seem like a bad deal.
 
I tried looking at those but what ever they are asking no one seems to be buying them. Gun sales seem to have slowed down considerably these days.

I rather have the money but the gun would be okay as long as I can sell it later on to get at least the 500.
 
One needs to ask this question in these deals....Are you ever realistically gonna see $500 cash?

I would guess no or not soon.

What is pristine? 98%? Box? Some kind of S&W presentation case? Without seeing it, I would guess it could sell for ~$450ish.
 
Friends pay back what was given to them. Not guns! Get your $500.00 back and pay a bill, buy a gun you want, or just put it in the bank. That is just the way I think.
 
6 years ago I loan a friend 600 dollars . I took his early made Detonics as assurance he would repay. With in 6 months . I still have pistol and he has over years got over 60K(after lawyers) in a settlement for a accident .
Today I consider the pistol mine and he's not getting it back. He doesn't even speak about the pistol any more. I guess he also decided it was mine.
 
Viper, if it is a Model 15 then it is either blue or nickle, the stainless version was a Model 67.

If it was my friend who owed me the money and was having a tough time paying it back, I would take the revolver and let him off the hook.

If his Model 15 is truly "pristine", it is worth close to $500. It certainly will be worth more than that one day in the not too distant future. The Model 15 (K-38) Combat Masterpiece is one of the classic S&W revolvers, at one time used by the military and many police agencies, it is one model that should be owned by every Smith & Wesson enthusiast.

My former Fort Worth PD issue is not pristine but I wouldn't sell it for $500.
PA152087-1.jpg
 
Viper, unless the M-15 is like new has box and papers $500.00 is a LITTLE to high in today's dollars, but in 6 -18 months who knows.

Now the real issue, it sounds as if your friend, sic, is unable or unwilling to repay the loan. So take the revolver and drop the friend, if he was ever one. Ya don't need folks like that in your life.

Good luck whatever you chose to do.
 
I am sure that my friend will pay. When he offered the gun I just thought that I could easily sell it and get my money faster that way. But if its not worth the 500, then I might just wait for the cash.
 
"Viper, if it is a Model 15 then it is either blue or nickle, the stainless version w

It is indeed nickel plated. Have to take a 2nd look as sometimes you like a gun so much, you forget to ask if the box and papers are along with it.
 
M15 vs cash

You might have a tough time getting your $500 out of it right away, if you aren't interested in the revolver for yourself, you probably should hold out for the cash.
 
If the consensus is that it's not worth $500, tell him you'll take the gun and enough cash ($50, $75, etc.) to even things out.
 
What is sustaining the friendship worth? If it's something, then that might be a fair trade, or wipe the debt out. If nothing, then gun broker says you may be short $50-200, depending upon condition.
 
How strapped for cash are you??

If he is a good friend, I would say take the pistol if it is in nice shape.
That would help him out,seeing he's short on cash himself.

It's only going to go up in value, and gives you another nice pistol to take to the range and get some enjoyment out of.

Myself... I would'nt mind having another nickel plated four inch K frame.
I just bought a nickel plated four inch Model 19 for $500.00 I know that's high, but I don't intend on selling it anytime soon.
 
In today's market, depending on the area of the country, $500 would be about right.

In Northern Virginia, you could even likely make out on the deal depending on condition.
 
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