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So I return to the original question, what about the S&W justifies the price tag?
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Longer lasting parts; smoother operation; resale value; consistency; ease of modification (aftermarket parts, knowledgeable smiths).
If you are only using it to train new shooters and accuracy doesn't matter, and if it breaks you can buy another, then buy cheap. Even a piece of **** can be the right tool in some situations.