Ted, I'll be darned if I can recall a flood of Spanish guns from the 40's. I do remember good deals on Spanish guns. . . but then some of them, like the Pride of Spain (aka POS--and it fits!), should have been cheap. But good ones also, like the Dickson Falcon. I found one of those pretty cheap a few years ago too.
How'd you identify those Spanish guns as being from the 40's? The Spanish started using date codes just about the same time proof became obligatory, back in the 20's. A Spanish double prior to 1955 will have a date code that's just a single letter. From 55 on, they added an asterisk plus a number. A*1 is 1955, etc. I can't recall looking at any Spanish guns with a single letter date code. Maybe I'm misremembering, but I always check stuff like that if a gun really catches my interest.
Uggies tend to be pretty solid guns. So are the V. Sarasquetas--most of the ones we see in this country being older Stoeger imports. (Even nicer ones aren't Stoeger imports.) But you can also run into unexpected problems with Spanish guns that cost several thousand dollars, like my friend's Arrieta 2" that broke strikers. So good thing it had bushed strikers. But good ones, cheap . . . not so much any more. As Kyrie's gunbroker collection establishes. Take a look, Ted. Anything there you'd buy for $400? Or even $700?
