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so why are the no dash revolvers so sought after?

Also depending on the exact model, the no dash can usually have the lowest production numbers, thus being the rarest revision.

But the value also depends on if there are any major issues with the early guns of that model, if there are, than the no dash/early revisions can be less desirable. (although this is a rare occurrence)

But the revision is not really the only justification of price/value, the barrel length plays one of the biggest factors. Some lengths are more desired by fans, and some are more rare.
 
Consider the S&W 696, the 696-1 has MIM components, the 696-2 has MIM + internal lock. So the 696 no dash is more sought after and brings a higher price.
 
Keep in mind that some S&W models started using "dash" numbers in the 50's yet retained the forged parts and P&R barrels. Some models would have a major change without a "dash" number change. Some S&W's even had a change of frame designation, I frame to J frame, with out a model number change. If you are going to invest in these you should get a copy of "Standard Catalog of Smith & Wesson". Don't rely on internet info.
 
"forged parts and P&R barrels."

"Such as moving away fromt he pinned and recessed barrel,"

What is a pinned and recessed barrel ? Do you mean a pinned barrel and recessed cylinder ?
 
People are correct that the dash means model number chanegs. No dash just means earlier version.

You will also hear mention of P&R, pinned and recessed to refer to the age of a gun.

I personally like the number of screw in aging a Smith. 3 screw, 4 screw and 5 screw. 5 screw frames are before 1955, 4 screw for a 4 year period from 1956-1960, and 3 screw after 1960. Years approximate of course.

Also, befoer model numbers, they used to name the pistol. Military and Police became the Model 10. The Highway Patrolman became the Model 28. Etc.

My personal preference is the 4 screw framed revolvers. Better metalurgy than the prewar guns and still early enough to have great craftsmen manufacturing them. This would either be a Model 28 no dash or a Highway Patrolman. There was a little bit of overlap in those years.
 

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