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Perceived vs Real Value

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Scratch:
There's a question that's been bugging me and I hope that the collectors here can shed some light my way.
I have an affection for old guns and have restored a few.
Lately I've become very interested in AG's, particularly the Benjamin 392 as my first purchase.
Naturally I also have been looking at the offerings in used models at online auctions.
Earlier models of these, including Crosman/Sheridan, appearance wise, resemble the BenJ 392. Those that show up are generally 1n the $100 to $150 range.
My question is:
Is there any real value in purchasing one of the earlier models, construction, materials, etc. outside of nastalgia.
Besides the auction price, I'm sure that a reseal is generally in order. It may also need worn parts replaced and there is always the possibility of a shot out barrel. Would not a new 392 be the smarter purchase particularly since they appear so similar.
Lastly please be assured that I'm not trying to wet any one off.
The reason I'm asking is that I do have an interest in restoring vintage rifles. i enjoy reading thet posts and pictures that many of you present.
Thank you for any help.
Scratch

RedFeather:
Not so sure I can shed any light but I will say that there appears to be at least two categories of the 392.  The early guns are known as "transition models" and can be easily identified by the stamped metal trigger guard (like on a Blue Streak) and a rear sliding tab safety as on the Benjamin 342.  (Haven't had a 342 but my 392's looks the same.)  Some of these have a New York address, as well.  The later guns are those with the cast trigger guard and cross-bolt safety.  If I were buying a 392, it would be the later gun.  My old model is nice but the trigger is pretty stiff and there is not much can be done with it.  The new guns have some tweaks which can be performed and there was something called a Big Ed's SuperSear that reportedly gives them a much better pull.  (I think Charlie was in on that venture so you can figure it is a pretty good product.)  Nicest thing about either 392 is the ability to mount the Williams 5D peep sight.

Oh, yes, forgot to address the pricing question.  I, personally, would not pay a premium for a transition model.  While I guess it is of interest to collectors, the new guns are probably superior as regards actual performance.  Again, it's that trigger.

Scratch:
Many thanks RedFeather.
You have helped me greatly as this will be my first airgun.
I like the traditional look of the Benj 392 and feel its a good fit for me.
I'll research that trigger and any other tweaks that can be done by myself.
Don't think I'll do a peep sight. Old man eyes.
Probably go for a scope.

Petey:
Im finding that a peep is a nice choice at closer distances.
 Thanks RedFeather ... I learned something too.

lizzie:
As I've said before, with old guns, much of the value depend on your own values. :)

I like old guns, and I will at times pay more than the *market value* because I want the particular gun. I would never try to make it into a profitable business though. :D

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