Last updated: March 2026
The S&W Model 940-3 has an MSRP of $899. Street prices in 2026 run $849–$949 for new examples. The 940-3 is a specialized, low-production revolver — finding it in stock is often harder than finding the price right. Used examples in excellent condition sell for $700–$800.
Why the 940-3 Is Priced at $899
The S&W Model 940-3 sits at $899 — significantly more than a standard .38 Special J-Frame, which can be found new for $500–$600. The premium reflects several factors: 9mm cylinder engineering, the enclosed hammer design, stainless construction throughout, and the simple fact that this is a specialized, lower-volume production revolver. S&W doesn’t produce the 940-3 in the quantities they produce the Model 442 or 638, and that scarcity is baked into the price.
Price Breakdown
| Source | Price Range | Notes |
|---|---|---|
| MSRP (S&W official) | $899 | Manufacturer suggested price |
| Authorized dealers (new) | $849–$949 | Typical street pricing |
| Online dealers (before transfer) | $820–$900 | Add $25–$50 FFL transfer fee |
| Used / lightly used | $700–$800 | Excellent condition examples |
| Used / fair condition | $550–$700 | Normal wear, all-original |
| Gun shows | $900–$1,100 | Premiums common for specialty revolvers |
Is $899 Reasonable for a Snub Revolver?
Put in context with other 9mm snub options:
| Revolver | Caliber | Price |
|---|---|---|
| S&W Model 940-3 | 9mm | $899 |
| Ruger LCR 9mm | 9mm | ~$620 |
| S&W Model 642 (standard) | .38 Special | ~$550 |
| S&W Model 640 (.357) | .357 Mag | ~$800 |
| S&W Model 329 (.44 Mag) | .44 Magnum | $1,000+ |
The 940-3 at $899 is premium for a snub revolver — roughly $280 more than the Ruger LCR 9mm. The premium buys full stainless steel construction versus the LCR’s hybrid polymer/aluminum/steel design, and S&W’s particular quality standard and warranty service.
Finding the 940-3 In Stock
Availability is the bigger challenge than price. The 940-3 is not a high-volume production item. When it’s in stock at a dealer, it tends to sell quickly. Our advice: if you find it at a fair price, buy it. Don’t wait on specialized revolvers — they go quickly and restocking timelines are unpredictable.
Total Budget Including Essentials
| Item | Estimated Cost |
|---|---|
| S&W Model 940-3 | $899 |
| Pocket holster (DeSantis Nemesis) | $25–$35 |
| Moon clips (x8) | $20–$40 |
| Moon clip tool | $20–$30 |
| Tritium night sights | $70–$90 |
| Defensive ammo (50 rounds) | $25–$40 |
| Practice ammo (200 rounds) | $50–$75 |
| Total ready-to-carry budget | ~$1,100–$1,200 |
Pros & Cons at $899
- ✅ Full stainless construction — premium feel and durability
- ✅ 9mm ammo is cheaper long-term than .38 Special +P
- ✅ S&W quality and warranty
- ❌ Significantly more than the Ruger LCR 9mm alternative
- ❌ Premium for a 5-shot revolver vs. semi-auto capacity
- ❌ Limited availability makes timing a factor
Where to Buy
We carry the S&W Model 940-3 at White’s Arms in Salt Lake City, UT. Check our product page for current availability. As an authorized S&W dealer, your warranty is fully supported. Browse our revolver selection and see the full handgun inventory for alternatives including the SIG P365 FUSE Comp.
Frequently Asked Questions
Is the used market safe for the 940-3?
With proper inspection. Have any used S&W revolver inspected by a qualified gunsmith — check timing, end shake, barrel-cylinder gap, and lockup. A properly functioning used 940-3 at $700–$750 is a good value. Avoid examples with timing issues or cylinder lockup problems.
Why is the 940-3 more expensive than other J-Frames?
The 9mm cylinder engineering, stainless construction, and enclosed hammer design add manufacturing cost. Lower production volume also means less economy of scale vs. high-volume models like the 442. The specialty market for 9mm revolvers also allows for slight premium pricing.
Will the 940-3 go on sale?
Rarely, and usually only modestly. Specialty revolvers with limited production don’t see steep dealer discounts. Authorized dealers may occasionally offer small promotions; monitor White’s Arms for any current pricing offers.