Smith & Wesson Model 586 Value at a Glance
LOW
$500
AVERAGE
$900
HIGH
$2,200
Smith & Wesson Model 586 values vary significantly based on production era, dash variation, barrel length, finish, originality, condition, box and papers, factory accessories, and collector demand.
These figures represent auction hammer prices. Final buyer cost may be higher after applicable buyer premiums and fees.
This information was last updated June of 2026.
Value by Production Segment
Early Production Smith & Wesson Model 586
Years of Production
1980s
Average Hammer
1000
High Hammer
2200
Description
Early Model 586 revolvers can attract collector interest when original, high condition, boxed, and in desirable barrel configurations.
Primary Value Drivers
Early production; dash variation; barrel length; blued finish; box; papers; condition.
Collector Notes
Early 586 examples can be more desirable when they retain strong finish and original accessories.
Later Production Smith & Wesson Model 586
Years of Production
1990s-Present
Average Hammer
800
High Hammer
1500
Description
Later Model 586 revolvers remain popular with shooters and collectors, especially in clean condition with original box and paperwork.
Primary Value Drivers
Production era; dash variation; barrel length; finish; condition; box; shooter demand.
Collector Notes
Later Model 586 values are often driven by condition, configuration, and current shooter demand.
What Affects Smith & Wesson Model 586 Value?
Important value drivers include production era, dash variation, barrel length, finish, condition, original box, paperwork, factory accessories, originality, and current Smith & Wesson collector demand.
Collector Insights
Smith & Wesson Model 586 revolvers remain popular with collectors and shooters because production details, condition, barrel length, and originality can significantly affect value. Sellers should avoid relying on a single asking price without understanding the specific variation they own.
Gun Auctions USA Market Observation
Based on Gun Auctions USA auction experience, Smith & Wesson Model 586 revolvers should be evaluated by production segment and configuration rather than by model number alone. Condition, originality, and collector demand can create meaningful value differences.
Professional Seller Considerations
Condition, originality, and factory accessories remain major value drivers for Smith & Wesson Model 586 revolvers. Sellers should consider collector demand, production segment, and auction exposure before accepting a single local offer.
Frequently Asked Questions About Smith & Wesson Model 586 Values
What is a Smith & Wesson Model 586 worth?
Smith & Wesson Model 586 values depend on production era, dash variation, barrel length, finish, condition, box and papers, originality, and collector demand.
What affects Smith & Wesson Model 586 value the most?
The biggest value drivers are usually condition, originality, production segment, barrel length, finish, box, paperwork, and current collector demand.
How can I identify which Smith & Wesson Model 586 I have?
Start by checking the dash variation, serial number range, production era, barrel length, finish, frame markings, box, paperwork, and overall originality. These details can materially affect value.
Does the original box increase Smith & Wesson Model 586 value?
In many cases, yes. Original boxes, manuals, paperwork, tools, and factory accessories can increase collector interest, especially when paired with a desirable revolver in strong condition.
Should I sell a Smith & Wesson Model 586 locally or at auction?
For collectible Smith & Wesson revolvers, auction consignment can expose the firearm to a broader pool of qualified collectors than a single local offer.
How should I sell a Smith & Wesson Model 586?
Many sellers choose auction consignment because competitive bidding can help identify collector demand and avoid undervaluing a desirable Smith & Wesson revolver.
How to Identify Your Smith & Wesson Model 586
Important identifying characteristics include dash variation, production era, barrel length, finish, frame size, factory markings, box and paperwork, and overall originality. These details can substantially affect collector demand and should be reviewed before accepting a quick local offer.
