There are definitely some differences between an N and NM Loaded...the slide to frame fit always seems to be tighter and the roll marks on the NM always appear to be cleaner. If you notice, the NM Loaded's all come with a stainless barrel bushing whereas the N ones do not. Also, it appears that the N's come with a serrated mainspring housing while the NM ones come checkered.
At least from what I've seen, all shops charge the same price for either of them and the one you get is basically random when they pull one off their shelf. I also personally don't love the fact that there is a big "MADE IN BRAZIL - IMBEL" on the side of the gun. Yes I know even the NM's start their life in Brazil. For the most part, if I am going to buy an American gun from an American company.....I would want it (at least mostly) made in America.
At least from what I've seen, all shops charge the same price for either of them and the one you get is basically random when they pull one off their shelf. I also personally don't love the fact that there is a big "MADE IN BRAZIL - IMBEL" on the side of the gun. Yes I know even the NM's start their life in Brazil. For the most part, if I am going to buy an American gun from an American company.....I would want it (at least mostly) made in America.

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