Quoted: I didn't know about the cost BUT cost aside...
What are the difference, which is better in your opinion and why do you think so???
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I know three guys who have had (past tense intentional) Pythons. They all said that the Colt was a
sweet gun, excellent trigger, very smooth. They also found out that a steady diet of magnum loads made all those good things go out the window. The Python's claim to fame was that each one was hand fitted. The old Colt lockwork required it. So they were indeed smooth, but tend to suffer from constant battering. One of those three Pythons spends it's days in a safe, the others sold or traded off for something else.
On the other hand, the 686 was designed from the start to avoid all the wear and tear issues found in the Colts and the K-frame S&W magnums.
I personally continue to shoot a 4" 686 I bought new in 1983(?) that has had at least 20,000 rounds run through it. The only trouble I ever had was a broken trigger pivot pin about 12 years ago, somewhere around 14000 rounds. Sent it to Smith and had it back in two weeks, good as new and no charge. That's my experience with the L-Frames. It has been a good one.