Inherited this revolver, what is the approximate value to repay the estate?

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aguynamedbrand@reddit

If you inherited it then why do you have to repay the estate? I'm not sure that's how inheritance works.

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I have this exact gun in a .357 and. 44 mag. Mine are both SS with wood grips. I've been looking for this exact gun. If you're willing to sell, I'm interested. This gun is worth alot more than 4 or 500.

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Huge_Sandwich_1313@reddit (OP)

I was named after him. Won’t leave the family.

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Same_Statement_3028@reddit

Understood. I had to ask!

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blackspike2017@reddit

I mean if you inherited it you shouldn't have to repay anything.

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Huge_Sandwich_1313@reddit (OP)

I know we just keep everything above board then split, no drama.

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PoopStainMcBaine@reddit

I don't think you understand what the word inherit means.

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SteveHamlin1@reddit

I don't think you understand how a lot of families split up estates and inheritances that include things and not just money.

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PoopStainMcBaine@reddit

A well drawn out will specifies who gets what without the need to price everything. Sounds like your relative didn't do that.

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SteveHamlin1@reddit

For a large, significant and/or valuable assets of an estate, yes that's a good idea.

For household or minor possessions - no, every small item doesn't get specifically bequeathed. "Frank - the will says that you get the steak knives, jump rope and old pressure cooker. Mildred decided that your sister gets the crock pot, wicker chair and the plastic bird feeder."

Maybe the decedent was more worried about the financial accounts, house, boat and jewelry collection, and not which relative got this pistol vs that rifle. "They can figure out who gets what of the remaining non-specific bequests when it comes time for that" is often a perfectly valid plan if you know your family members are reasonable.

Evidently OP said elsewhere that there were several hundred guns - which weren't specifically bequeathed and so that is why OP is trying to put a value on this one.

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samiam0295@reddit

This is super common and normal idk why you're getting down votes. We did the same thing when my Grandpa died and we cleaned his house out. Anything that you wanted before it went to the estate sale was fair game, just chip in a reasonable amount into the estate pot.

Unless your relative specifically said "I want OP to have this" before passing then I agree you shouldn't be paying for it.

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Huge_Sandwich_1313@reddit (OP)

We are all happy with the arrangement. Everything is being clearly communicated. Some people didn’t want anything so they deserve extra cash if I wanted 1 of his 300 guns.

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HemHaw@reddit

1 of his 300 guns.

hey it's me your long lost relative

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FortunateHominid@reddit

Some people didn’t want anything so they deserve extra cash if I wanted 1 of his ~~300~~ 5 guns.

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bitofgrit@reddit

Three hundred guns? How does a person even get two hundred guns? How much money might a hundred guns be worth, assuming an average and that none of those collect fifty guns are rare or unique? And how do you store thirty guns anyways? Are they just scattered all over the place, or in a pile? I mean, I don't know for sure, but I'd think they'd have a ten gun safe to hold those five guns.

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PubliusVA@reddit

Yes, that’s normal. Typically you don’t actually pay anything in, you’re just credited with the value of what you received when it comes time to paying out.

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Prizzilla@reddit

Same thing in my family. This is absolutely typical. If he didn’t take the revolver, it would have been sold at an estate sale and the proceeds distributed to the other heirs. By keeping it, the other heirs get less. That’s why you pay market value to the estate.

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DigitalLorenz@reddit

One of the duties of an executor is to distribution the estates assets as per the expressed or intrepidded desires of the deceased. By paying for the gun you are saying that you don't believe that the gun was meant to go to you, which is creating drama.

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raz-0@reddit

If the instructions are simply “split my assets three ways” and op wants the gun and the others don’t, it’s inherited, but they still need a value for the ultimate allocation of the estate’s assets.

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EvilProstatectomy@reddit

I cannot believe that this is going over the heads of half the people in this thread. Or I’m regarded and missing something. 50/50.

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mrapplewhite@reddit

There’s probably other people in the estate and rather than have one of the say “uh well you got the revolver “ he’ll pay the amount it is worth and still have the split amount be as if it wasn’t a part of it ? Just matlockimg it over here.

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BarryHalls@reddit

This is exactly it. No one gets anything for free. They can pay into the estate or have it deducted from the proceeds.

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GreenRangers@reddit

People get things from estates "for free" all the time

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BarryHalls@reddit

Ok. In some cases, but not the way they are handling this estate.

I didn't mean "no one ever." I meant that they are ensuring this time that no one gets something no one else got. OP gets this revolver and everyone else gets money for it.

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sumthingawsum@reddit

No idea why you're being down voted. This is the way.

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BarryHalls@reddit

These people don't understand estates.

Go to gun broker.

Make an account.

Log in.

Used the advanced search options to view COMPLETED auctions and ONLY look at the ones that closed by "buy it now" or with bids. DO NOT look at the ones that closed with 0 bids.

Use that to agree on a fair market value for any guns OR send them through the auction OR get an appraisal.

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gettylee@reddit

If the estate is to be evenly split between family. Everything in the estate has to be valued. Once the estate is liquidated or dispersed the value of the inherited objects gets subtracted from your % of the finale payout. I had to deal with this when my brothers when my mother passed. my brother took her coin collection $40,000. He didn't realize that when the house and estate was actioned off that he wasn't getting 1/3 of the sale of the estate and the coins.

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Paulinapeak1@reddit

agreed, inherited means it was a gift. you don’t have to pay anything.

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jessehopp@reddit

1300 with 11 bids. And without a scope. That's about a 300-400 dollar scope.

People that are saying 400-500 bucks, tf? It seems like You're talking to a random person that doesn't know anything about guns.

But op, you inherited it. Don't pay anything. Don't feel obligated to do that

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smokeyser@reddit

Don't pay anything. Don't feel obligated to do that

You should always feel obligated to do right by your family.

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DocDerry@reddit

Value for estate. 400$. Value if you look to sell $1200.

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PandorasFlame1@reddit

That's a 41 Remington Magnum Dan Wesson Model 731 if I'm not mistaken. $1200-$1500 without the optic. No clue on the optic. I've seen tons of Dan Wessons float through my LGS when I was in AZ and they were all very nice.

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Same_Statement_3028@reddit

PM sent!

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Tasty-You-9472@reddit

if inheritance....value: $25

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Kevan207@reddit

All these commenters saying 4-600 have no idea the value of Dan Wesson revolvers. 41 cal isn’t very common which helps in this case. This pistol, if you can’t find any matching barrels (look up dan Wesson pistol pack), roughly 8-1200 Pistol packs are bringing 1500-2500

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oh_three_dum_dum@reddit

$850-$1500 depending on condition and what else was included with it.

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OneManGang2001@reddit

$650 is fair for the piece and no additional bbls imo. No idea on the scope.

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Lucky-Hunt-9915@reddit

Heavy is good. Heavy is reliable. If it does not work, you can always hit them with it.

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DangerHawk@reddit

Was it willed to you, or is it part of the estate? If it was willed to you, you don't owe anything.

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FremanBloodglaive@reddit

Dan Wesson pistols for sale.

If it's in good condition, with the scope, I'd guess around $1500.

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Rugermedic@reddit

I could see $1k being a fair amount. I mean it could be higher but, used gun sold to a dealer would probably be fair. If you got more it would only be to a private party, which would require more work on your part. So it’s kind of that whole trade in to a dealer vs private party sale thing.

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Reasonable_Pair8066@reddit

$400. It’s a used gun. It’s a Dan Wesson that is no longer likely in production. Some people might call it a collectors item. But it’s not like you hit the goldmine. 41mag isn’t really a common caliber in spite of it being very effective.

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joelfarris@reddit

"Why did you do that!? Why did you shoot him? Now I can't sell it to you, it's a used gun!"

"A used gun? A used gun?"

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H3nCh4l1f390@reddit

And you still have not brought me the gun of Rambo.

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joelfarris@reddit

"It is not the gun of Rambo. And it's not 'Lord Of War', it's 'Warlord'."

"I like my version better."

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H3nCh4l1f390@reddit

Sounds like your on a hunt for a witch

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joelfarris@reddit

It's a witchhun !

Dammit.

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H3nCh4l1f390@reddit

I prefer my version

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Rreptillian@reddit

is it at all viable to rebarrel it for .357 or something?

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singlemale4cats@reddit

I thought Dan Wessons were way more expensive than that?

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Howboutit85@reddit

Nah. Maybe for the scope itself already close to $300.

The whole package here, prob $800+

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Laser-Blaster-123@reddit

GB has a blued one for 1300 and i have seen some others go for over 1k consistently.

$400? Even a broke pawn broker would give a better price than that!

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jessehopp@reddit

He sounded like someone that wants to buy it and tell them it's not worth that much. The scope alone is 400 🤣🤣

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Comfortable_Guide622@reddit

I agree - 4 to 500

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TacosNGuns@reddit

I would use the lowest blue book value (what a dealer would pay the estate). Because in all likelihood that is how they will be disposed if no one in the estate wants guns.

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LooksBetterWithDrops@reddit

OP said elsewhere that the estate had 300 guns, so they're probably going to auction. Its kinda a dick move to lowball the estate. But also, you hope the other beneficiaries understand that a no-effort cash sale at a discount price is usually better than the auction proceeds after fees, transport, estate administration, etc.

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TacosNGuns@reddit

You’re assigning a underhanded motive that simply doesn’t exist. And there is no guarantee that an auction will realize a higher price. Particularly a local auction. I know first hand as my parents auctioned all their house three years ago. They received Pennie’s on the dollar for their entire household including firearms. Only one of us is pulIng a “dick move” in this thread and it ain’t me. Grow up already.

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RevBlackRage@reddit

I dunno, but bro you need to stop chewing your nails.... and get some calcium in your diet.

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ScienceWasLove@reddit

$2.50

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misfitofscience76@reddit

Tree fiddy!

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TheRealTwooni@reddit

gif

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31Mushrooms@reddit

Definitely do your homework. Regardless of the caliber, that “Dan Wesson” stamp means something.

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DanWessonValor@reddit

It's a Dan Wesson!

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irish_faithful@reddit

You owe the estate nothing. It was gifted to you.

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ConsequenceWise8619@reddit

take it to a gun shop or pawn in your are and see if give you written estimate...hope they low ball it for you!

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GingerVitisBread@reddit

It's just a Dan Wesson so it's probably only worth $110.99 😉

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DeafHeretic@reddit

Dan Wesson

Probably 44 8VH

Not sure if there is a collector’s value - this one was made in the USA.

I believe latter models were made by CZ.

Also, factor in the scope - probably add $100 for that.

About $500

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misfitofscience76@reddit

Huge collector value in older Dan Wesson revolvers

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robertva1@reddit

We all know it's worth only 100$

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Specialist-Impact345@reddit

https://truegunvalue.com/pistol/Dan-Wesson-41-Mag/price-historical-value

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misfitofscience76@reddit

There’s a DW in that list that is almost an exact copy of OP’s gun/scope setup and it sold for $1400 around two months ago in New York State

Your revolver shows more cylinder wear, scope has wear and is outdated (although Leupold will fix/update to equivalent model), but a fair market value seems closer to $1100 for your gun, OP

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HunterW0920@reddit

Yo, I got this revolver. Can you guys put a rifle scope on it for me?😂

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Censored_88@reddit

I felt I got a good deal when I paid 750 for a 744 maybe 10-12 years ago on gunbroker.
I don't really know how the much less common 41 mag caliber effects value, but I'd personally be less interested in it.

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Laser-Blaster-123@reddit

If you inherited it why are you repaying the estate?

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Huge_Sandwich_1313@reddit (OP)

Not really repaying but keeping equal value to everyone

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walmarttshirt@reddit

What do you mean everyone? Like you are all part of the inheritance and are now circling like vultures and everyone would be upset to think you got something of more value than them?

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AgnewsHeadlessBody@reddit

That is typically how it works yes. Its usually designed so everyone walks away with the monetary value of what they are owed by the estate so if somone takes a physical object they would potentially end up getting more than the estate intended.

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JuggernautPast2744@reddit

So many people in this thread can't seem to understand this concept....

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LooksBetterWithDrops@reddit

It explains why so many families fracture over inheritance drama: nobody understands how it is supposed to work, and people try to twist whatever they can to their own advantage

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phibbsy47@reddit

When multiple siblings inherit a bunch of valuable items, it would only be logical to try to assess their value to keep things fair.

If one kid keeps the Corvette and the other kid gets the riding lawnmower, you could see how that might suck. Sounds like OP is just trying to be fair to their siblings.

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JBCTech7@reddit

because if you have other inheritors and you have to split the estate, you can't just take something and not know its value. You take it, and deduct it from your own share of the inheritance - generally inheritance like this is between siblings...like me and my sisters and I'm the executor. We would be far more lax since we are family. But a lot of people like to keep everything noted and legal and on the books so no one gets upset.

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nomadicbohunk@reddit

I really like how the family on my one side does it. Everyone gets to keep one thing, but everyone else agrees on it. The rest goes to auction and you've got to buy it. That's how you get a tack hammer selling in 1992 for like 1 grand.

On a related side note, my grandma died a few years ago. I told a few of my aunts I wanted one item, not to worry about it at all, and my mom was going to grab it. They all got super, super, super worked up about it. They later found out it was her worn out, 30 year old, not worth anything flour and sugar containers my mom pulled out of the trash because they'd thrown them away. People get weird.

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Reasonable_Pair8066@reddit

By all means if he WANTS to pay auction price for an inherited gun he should. Maybe he’s got money to burn.

And no, I’ve no interest in a Dan Wesson anything unless it was significant for some other family reason.

If you find the right buyer it could definitely e worth more. But what’s your time worth? For some of you maybe not so much.

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Lastito@reddit

Depends, you have the other barrels that it comes with? If so I might give you $1300

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ThePrettiestBih@reddit

Bro got the hunting revolver from Fallout New Vegas

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DudelyMcDuderson@reddit

That's more of a Magnum Reaearch BFR but I see it

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ThePrettiestBih@reddit

I've never seen a bfr with a scope, probably because the force would shatter it, but still

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SnowDin556@reddit

I know people are gonna lowball you here because it’s go out Lon the door for 800

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Realistic_Calendar42@reddit

Shiiiiiet if they don't want it, I'll take it

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throwaway11675@reddit

Give them $500 and tell I’m it wasn’t worth much

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Huge_Sandwich_1313@reddit (OP)

I want to be fair

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Thamizzarrk@reddit

It’s a big revolver that has a small market to sell to. The optic is not worth much, $500 for famiky pricing would be fair

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Laser-Blaster-123@reddit

Love seeing everyone downvoting honesty! Says alot about the community!

https://truegunvalue.com/pistol/DAN-WESSON-41mag/price-historical-value

There is a ss model down a few guns for 1400.

I applaud you for doing the right thing!

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FlawlessNinjaKitty@reddit

Fuck that

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HeughJanus@reddit

$520

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Racktracker1@reddit

Tell them experts on the inter webs said 500 was fair, but you’ll do 550 just to be safe.

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Maintenancemedic@reddit

If this was given to you, then it’s yours.

If everyone is paying the estate back for what they recieve, what happens to that money?

This is very unconventional

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JuggernautPast2744@reddit

It's super common when there are multiple beneficiaries receiving an equal share of the estate. If one person takes a gun worth $1000, they either get 1k less in cash from the estate, or they 'buy" it by paying the estate. That person gets some of that money back as part of their equal share eventually, so either way it's an accounting strategy. It works best if everyone agrees on the value of the gun in question.

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