One of my Cowboy Action Shooting buds picked up a 2nd Gen. SAA in .38 Spec. for his wife. He got it right several years ago. Needless to say, he did good...
1st Gen guns are already quite expensive, although still appreciating. With any used gun, condition is everything.
3rd Gen SAA's are very nice, especially later ones with the cylinder bushing. I like those better than the early 3rd Gen. guns.
If one is just wanting to collect guns that are appreciating, I think 50's large frame S&W's are interesting, especially 5 screw pre-27's and such. They can often be found for reasonable prices, as they aren't as hot as Colts, except for the Registured Magnums.
DF
