What Is this revolver, and what Is It worth?

No offense to the OP or the other posters but it looks like the front sight insert is missing. And, although it's hard to tell because of the poor focus of the pictures, the finish looks a little dinged or scratched.

If those are all the case I think you're doing a disservice to the OP telling him the gun is worth $700-$800. A some what dinged up nickel 586 is not going to bring that kind of money in any gun shop I've ever been in.
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The pics are not good enough to say whether the front sight insert is missing or faded. The pics are also not good enough to say how much the finish is dinged or scratched either.

The cardinal issue regarding the value is the scarcity of nickel 586s. First of all, I think we all see many more 686 guns. So someone who wants a L frame 357, but wants nickel needs a little luck. This gun has 2 important things which effect its value, pre lock, and nickel finish. Of course condition is important, but its hard to say anything definitive based on those pics. I think some of what you see is smudges, from fingers from the gun not being wiped down prior to the photos being taken.

While $800 seems high, many pre lock 686s bring near $600 and sometimes more. They are much more common in my experience than a nickel 586. When I said $650 to $800, I didn't mean what it would definitely sell for, or what it would sell for in a day or two, I meant a composite average of what such a gun would bring overtime. The gun also would bring online (assuming a quality ad and quality photos) a fair sum of money. I know many of us don't use online values for many reasons, but the truth is, few of us are actually running a gun shop, which means what they bring in a gun shop is just as "irrelevant" in the context of what a non-FFL could get for the revolver. Someone running a shop has many advantages over a private seller, and often can get more money for the same exact gun due to those advantages. Any of us can sell a gun online, so considering an "online value" is a crucial consideration.
 
Lots of good information here.

This is really a fantastic revolver. I think as you get used to revolvers, you will realize why people love them so. My 19-3 will put 5 in .6" at 15 yards! I'm really going to shoot more 25 and 50 yard groups!
 
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