I would look for a good double action Colt with some good condition in 22 LR or 357 caliber about 40-50 years old...
^^^^This. I did the same for my 3 boys about 7 years ago, they each had $400 to invest from gifts and I bought a NIB Colt Python Silhouette in the fitted case with all the goodies for $1,100. If I had to guess I would say it would sell for $3K-$4K now and they are all still young so we'll hang onto it for a while. Double action Colts are better than money in the bank.
