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Posted By: camotrky need to put a value on this LC Smith - 08/22/16 06:31 PM
Grade 2 10 ga LC Smith




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Well I like it.......I like it a lot......But is this LCS in Canada????....To bad.....It is a good looking L C Smith.....How long are the barrels???...Is this LCS an all original shotgun???.....Jent
Posted By: camotrky Re: need to put a value on this LC Smith - 08/22/16 07:00 PM
yes in Canada
32" barrels not honed and pit free
all original

from the information on the LC Smith site only 444 were made in 10 ga

No. 2 (1890-1914)
No. 2 GradeThe No. 2 grade was nicely finished and engraved. This is interesting because it was advertised as a "knockabout" grade and was said to be "just the kind for rough usage." It usually had ducks engraved in a circle on the right lock plate and a quail in a circle on the left. Some variations have been noted. On at least two 8 gauge guns, a woodcock was engraved in place of the ducks. It is unlikely that many hunters sought either woodcock or quail with an 8 gauge. Records indicate that 38 8 gauge, 444 10 gauge, 10,815 12 gauge, 793 16 gauge, and 393 20 gauge guns were built. Barrels were available in Chain Damascus (8, 10, 12, and 16 gauges) and later in Crown Steel (12, 16, and 20 gauges). Twenty gauge guns could be purchased after 1907. Advertised barrel lengths No. 2 Grade were 32, 30, and 28 inches. The barrel extension was stamped HUNTER ARMS CO., MAKERS, FULTON N.Y. in a single line. The stock could be ordered with a straight, full pistol grip, or half pistol grip and regular or Monte Carlo. A lightweight was available late in the production of No. 2 shotguns. These guns sold for $80 in 1892 and $70 in 1912. A total of 12,483 were made, and 5,541 of that total were fitted with automatic ejectors.
Jent is right, that is a nice No. 2 L.C. Smith. This is the first one that I have seen with a Damascus bottom rib. Most were steel. This one is non ejector and I believe made in 1902.
It looks like it was refinished by looking at the barrels.

I would estimate +/- $3000. All it takes is two people bidding.
Posted By: camotrky Re: need to put a value on this LC Smith - 08/22/16 07:06 PM
extractors, yes
Value/price might not be the same in Canada as in US. I won't venture an estimate, but that is a really nice pre-1913 two grade 10ga. Someone throw out a price if it were in US...Geo
Posted By: camotrky Re: need to put a value on this LC Smith - 08/22/16 07:13 PM
been offered $850 in Canada, not interested in selling at that price but would like to get a rough idea what it is worth.

thank you for any help
Posted By: Marks_21 Re: need to put a value on this LC Smith - 08/22/16 07:18 PM
There's been one trolling gunbroker at $3500 forever, but a very similar ( I.e. Nice ) one went for $850 on gunbroker about two years ago and it had Crown steel barrels. I kick myself hard for not bidding on it. If yours was mine I'd be real happy to get 1600 for it. I sold an even nicer grade 2 12 ga with nice chain Damascus for 1600. There were less 10 ga guns but less people want them now.
Posted By: camotrky Re: need to put a value on this LC Smith - 08/22/16 07:21 PM
thought they would be worth a little more with only 444 #2's made in 10 ga
$850 Canadian would be $656.70. So U.S. $3000 would be $3883.05 Canadian.
I would look closer to $3500 Canadian.
Posted By: camotrky Re: need to put a value on this LC Smith - 08/22/16 08:42 PM
Thank you everyone
Posted By: James M Re: need to put a value on this LC Smith - 08/22/16 09:26 PM
I have an L C Smith 12 gauge Grade III non ejector, double trigger, 32 inch Damascus barrels that's pictured elsewhere on the forum. I just completed having a minimal cosmetic and structural restoration done to it. If I were to sell it I would be looking in the $2,000 range.
Jim
Posted By: canvasback Re: need to put a value on this LC Smith - 08/22/16 09:40 PM
Gunsaholic and I watch the competitive pricing reasonably closely. There is a gigantic discount attached to a gun located in Canada compared to what it may fetch in the US. Disclaimer here....I am in no way interested in this gun or any other L C Smith.

Having bought US guns and brought them up and sold into the US and watched the comparative market over the last 10 years, I would take the US estimate (we heard a range of $2000 USD from James M to a high of $3500 USD) and discount it by an absolute minimum of 30%. Especially as this is a 10 gauge. There is a tiny group of buyers who might be interested in that gun. I'm always happily willing to be proven wrong but in Canada I think that gun would sell in the $1000 to $1500 range (I'm keeping valuations in constant USD for simplicity).

We have less of a gun culture, less of a gun collecting culture, less disposable income and less than 10% of the population. You do the math.

Gunsaholic and I see this all the time. Someone checks out the Blue Book valuations or asks on this or any other site and then tries to sell the gun in the price range suggested by the American sources. Does not happen. And again, full disclosure....I have never even tried to buy one of the guns I am referring to. Canadians won't pay the money.
Posted By: canvasback Re: need to put a value on this LC Smith - 08/22/16 09:46 PM
Camotrky, if you want to sell it, my advice would be to sell it into the US market. Getting them down there isn't all that difficult if you know what to do and for the potential difference in monies realized, might be worth it. PM me if you want to know more.
Posted By: B. Dudley Re: need to put a value on this LC Smith - 08/23/16 11:27 AM
Conservatively, i would call it a $1700 to $2,000 gun USD.
Posted By: topgun Re: need to put a value on this LC Smith - 08/23/16 02:57 PM
Yours is a great example of a Grade 2 Smith 10-bore; but its value rests solely on demand in Canada (am assuming it might not be legal to sell to someone in the US). With 10-bores the pool of interested individuals is very limited, just as it was when the gun was originally built; and that same limited interest factor remains true today. The fact that only 444 are recorded as having ever been shipped doesn't make your gun rare, only uncommon; but it's remaining condition does serve to make yours a more rare piece among surviving examples. As FYI, Puglisi has a Grade 3 10-bore Smith in even higher condition listed on his website at $3250. Given that gun has not sold after several months, I would think $3K would be over the top for your gun. To the right collector I see your gun selling in the $1800-2500 range, but you can always advertise the gun at any price you peg and see what develops; as there are, after all, no end of dealers who place "just fishing" prices on the guns they offer for sale; and they do so because they do get a fair number of bites.
As for me personally, I'm only interested in unique 10-bores; and purchased an interesting Smith 10-bore about a year ago that would be considered a one-off. At some point after Hunter eliminated their bushed firing pin feature, someone sent a 32" set of Quality 2 Syracuse era Smith barrels to Hunter Arms with instructions to build a gun around this barrel set. Hunter took those barrels and fitted them to a new frame; a new fore iron was fitted, along with all new stock wood. The serial number assigned to, and stamped on the Syracuse era barrel set was stamped onto the new frame; and the Quality 2 grade mark on the barrels was over-stamped with the newly assigned Grade designation "O". The new frame was also grade stamped "0"; and the gun was engraved and checkered Grade "0" standard. The dealer didn't understand what this gun represented, a repair shop gun; and listed it for sale at $1295 (gun still has lots of condition). The gun did not sell at that price; and over a period of about two years he had reduced his asking to $695, a price at which I became a willing buyer.
Posted By: James M Re: need to put a value on this LC Smith - 08/23/16 08:10 PM
Hey James aka canvasback; You need to clean out your messaging area as it's full.
Jim
Posted By: gunsaholic Re: need to put a value on this LC Smith - 08/24/16 12:31 AM
I agree with Canvasback on the pricing in Canada. Unfortunately, I think anything above $1500.00 and I would consider myself fortunate.
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