I know I'm a little late to this thread but since Colts are my passion, I felt compelled to make a few comments:
The KC is an awesome mid frame .357, I have two mint 6 inchers: a blue and an SS. I think that for a relative novice, these revolvers are ideal because you can load them with anything from the softest .38 Spl WCs to 125 gr JHP .357 Mags; it'll maintain its relevance as you gain experience with practice ("it'll grow with you").
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Can't beat a DA revolver IMO. If it does not go off, keep pulling the trigger. No FTF, FTE, Mag problems etc.
Exactly!
Like the earlier post said, the KC and Python are similar in size but that's about it. The Python is basically a hand built piece with Colt's highest level of finish, inside and out whereas the KC was introduced to compete with the less complex, mass produced revolvers that S&W, Ruger, Taurus, etc. came out with at the time and this is reflected in the KC's much lower MSRP. I own both a S&W 586 and a Ruger GP-100 and I still think the KC is a much nicer gun (but that's just my Colt bias speaking).
Now with Colt out of the DA revolver business and not a lot of volume with anything else they make for civilians, Colts of every description are increasing in value; don't believe the blue book values, they rarely correspond to real world prices that Colts bring.
Depending on condition, etc., I would guess that a clean 4" SS KC with box & accessories would go for $600+; blue and bright SS versions will bring more.
Bottom line: Keep the KC
My 2¢