I'm watching two S&W 624 on Gun Broker. The dealers want an astronomical price for them ($700+). Now I own a 6.5" barrel one and wouldn't mind adding a 4" to my collection. There were only 7,500 made in '85-'86.
Here's the problem.
BAD: There was a bad batch of stainless steel and some of the cylinders are bad. Neither of these guns have been tested and are subject to recall.
GOOD: S&W still honors the recall and will test them for you.
BAD: There are no more .44Special cylinders.
It's unclear today, (2011) what S&W will do if they find a bad one. Nobody has sent one in recently to be tested and found bad. They could:
a) Send it back with a warning not to fire it.
b) Replace cylinder with .44Mag and but in new barrel, so you technically have a 624 in .44mag. (a-la 629 in 624 clothing)
c) Send you a current model 629
For liability purposes they won't do a). And b) is pricey and time consuming though desirable since you end of up with a unique gun few others have. b) is what they did at one time. A current model 629, option c) though nice, is hardly a equivalent to a 1985 629. Though, conceivably I could resell it at a profit and use the money to buy a pre-2000 629.
SO: I'm thinking of writing the gun stores and make them a low ball offer, explaining the recall problem. I'd dip into saving if they'd sell them for $350.