Any end in sight for prices of Vintage Colt SP1s?

[Secondofangle]

I see one on GB right now with active bids Reserve Met for $2800 and another with active bids up to $3400 reserve NOT met, Buy it now is $4200.

Both have 3 prong flash hider and are SN'd under 17,000

How long has this trend been going on and where will it end? It's making me consider listing my 1973 SN 26,000 with original SN'd box and plastic bag.

[Kain]

Hard to say. Have seen some fearmongers pushing that Colt is now out of business since they filed for bankruptcy and that their guns will never be made again,usually the same guys selling 6920s for $2200 with banned for sale on the tag. So in other words people lying through their teeth and idiots buying it. Also, Colt revolvers, Pythons being the main one, it isn't surprising if that has pushed the prices of other old Colts up, I mean, American Rifleman ran an article that if one were to just glance through it that Colt Pythons are worth now $20K, which ain't true as far as I am concerned, more so since the 20K colt was a NIB Python, not a used no box, manual, ect, beater, but is has resulted in me seeing guying marking Colt revolvers at $5k and well up from there to include 7K and one guy looking for 12k.

[Secondofangle]

Hard to say. Have seen some fearmongers pushing that Colt is now out of business since they filed for bankruptcy and that their guns will never be made again,usually the same guys selling 6920s for $2200 with banned for sale on the tag. So in other words people lying through their teeth and idiots buying it. Also, Colt revolvers, Pythons being the main one, it isn't surprising if that has pushed the prices of other old Colts up, I mean, American Rifleman ran an article that if one were to just glance through it that Colt Pythons are worth now $20K, which ain't true as far as I am concerned, more so since the 20K colt was a NIB Python, not a used no box, manual, ect, beater, but is has resulted in me seeing guying marking Colt revolvers at $5k and well up from there to include 7K and one guy looking for 12k.

Haha, yeah, I cut out that Python article and put it in the safe with the Python, which I have sworn never to sell other than back to the seller who sold it to me - for $600. A 1957 that had one cylinder shot through it.

Interesting thought about the Bankruptcy.

I always laugh when I see "Preban" or green labels, identical to current models, but "old" starting at $2000+ that get no bids. But this SP1 thing is different, it's just like they Pythons. These things really are selling for big bucks, and they haven't been made for about 30 years.

[Kain]

Haha, yeah, I cut out that Python article and put it in the safe with the Python, which I have sworn never to sell other than back to the seller who sold it to me - for $600. A 1957 that had one cylinder shot through it.

Interesting thought about the Bankruptcy.

I always laugh when I see "Preban" or green labels, identical to current models, but "old" starting at $2000+ that get no bids. But this SP1 thing is different, it's just like they Pythons. These things really are selling for big bucks, and they haven't been made for about 30 years.

My guess, and I will make a point to say it is a guess, albeit maybe a bit educated, is that they are going through the same thing as the Pythons, they old, not made anymore, Colt, and maybe collectable so some people are investing in them. That they are ARs can't hurt. If that is the case then it is just the start, maybe, might go up might not, I ain't a market expert and I ain't psychic though some expect me to be. The Python bubble, as investments, is going to burst, mark my words. I may not be soon, but if things keep going up like they are, then it is going to crash and people are going to end up like the guys who paid 3k for a DPOS AR Sportical to find out it only worth $450 because it is used.

[Secondofangle]

Garden variety, used, no box circa 1971 Colt SP1 SOLD. $2800 + shipping

http://www.gunbroker.com/Auction/Vie...Item=533658610

[Renegade04]

Since the SP1s are pre-ban, this makes them a big commodity in those ban states. They will command high price tags. Here in the South, and other gun-friendly states, the market value is not as high. Heck, I bought my pristine 1977 SP1 a few years ago for only $1K. I bought a really nice 1981 SP1 Carbine just a couple years ago for $1800. The book values are much higher, but the market down here will not support those values. As far as prices are concerned, they are not going to get any cheaper. They will continue to climb and, in ban states, they will be astronomical.

[SeaDonkey]

Unless the market just started going nuts, a solid SP1 could be had for around $1100-$1500 (Gunbroker). The '60s mode have always carried a substantial premium.

I recently bought a nice '70s example for $850 after it sat for weeks at a local gun shop with no takers at $1K. I bought a near mint 1980ish SP1 off Gunbroker about six weeks back for under $1300 shipped.

If the market is blowing up again, I'll have to keep my eyes open!

[ClassIIIGunsmith]

Unless the market just started going nuts, a solid SP1 could be had for around $1100-$1500 (Gunbroker). The '60s mode have always carried a substantial premium.

I recently bought a nice '70s example for $850 after it sat for weeks at a local gun shop with no takers at $1K. I bought a near mint 1980ish SP1 off Gunbroker about six weeks back for under $1300 shipped.

If the market is blowing up again, I'll have to keep my eyes open!

True depending on where you live. But in ban states they are priced like MGs to us.
In GA they go around $1500-2600 depending on condition and year. But then again I was the first of my friends to buy a non-hunting rifle back in 1977 (1976 SP1 purchase), so in GA they aren't very common in a gun store where I live, but everyone will turn and look at mine when I walk into the range with it and I've even been offered +$2000 for it but I won't sell. So your statement is true for your area of the country but where I live they sell for more and where one of my friends live I could buy a real M16 down here for the same price as the semi up there

[williejc]

If I can buy an original A2 in excellent condition made in 1987 for $1300, should I do it or pass?

[Renegade04]

If I can buy an original A2 in excellent condition made in 1987 for $1300, should I do it or pass?

I bought a 1987 Colt AR-15 A2 Sporter II a couple years ago for only $900. It is excellent condition.






Now, there were some of the AR-15 A2s that were built with A1 type uppers. This would command a bit more in price.