Jump to content

TSMGs at RIA


Recommended Posts

They had 2 M1s hammer for $35K each plus a 15% buyer's premium works out to $40.25K which makes me a very happy M1 owner but wondering if M1 prices have nearly doubled or whether this auction is an outlier.

The Baldwin-Felts 1921with a vintage FBI case only hammered at $55K or $63.25K with premium which seems light given the provenance.

Edited by StrangeRanger
Link to comment
Share on other sites

I have a theory on all this! I believe that all the FIAT currency that the government has put out there is driving up the prices. The FED has been pumping $120 Billion a month into the economy (buying junk bonds). Tangible assets are a solid investment during inflation. While I'm glad my collection is appreciating too, It's not a good thing. IMHO!

Link to comment
Share on other sites

NO 1423, the Baldwin-Felts and Virginia State Police Model of 1921A, appeared well used. Take a close look at the metal. In addition, the wood was re-finished and the grip was basically ruined. On the plus side was an original Police hardcase with what appeared to be an original long cleaning rod. At 63K, I believe there are much better deals to be had.

 

It will be interesting to see what NAVY NO 5235 brings today at auction.

Link to comment
Share on other sites

Today's TSMGs (hammer prices, add 15% and state taxes)

 

Savage 28A1 w unmarked FBI style case $37.5K

M1A1 $35K

M1A1 $32.5K

21/28 overstamp $60K

WH28 35K

 

That pretty much confirms the two M1s that hammered at $35 yesterday. But in what world is a WH 28 worth more than a GI M1/M1A1 and almost as much as a Savage 28A1? I simply can't wrap my head around that

I also expected a little more out of the overstamp given the overall level of prices

 

Yesterday a Winchester BAR went for $55K; today a Colt BAR went for $50K, both of which seemed low by comparison but in general, the rifle caliber guns are not going up as much as the SMGs

 

Don't even ask me about the PPSh41 :(

Edited by StrangeRanger
Link to comment
Share on other sites

A bargain.....compared to a 27.5K sten MKV plus prem.

Seems like the guys from the Stern auction finally broke even and started bidding again!

 

I don't know how many years or decades it will take to break even on a WH28 at over 40K? OTOH, if inflation stays at 6% for for 5 years or so, a guy could get lucky? LOL

Link to comment
Share on other sites

Lots of stupid money over the last two days, not just on NFA stuff either. I didn't make a note on the Mk V Sten because I don't care about them but you're right about it being ridiculous.

 

At least the Chauchat only hammered at $5.5K, still about $6K too high

Link to comment
Share on other sites

Auto-Ordnance "Shipping Order" documentation is a very special and rare piece of Colt era paper. Regarding the type of gun cases, I would guess canvas. In 1937, this could be from either MILLS or RUSCO.

Link to comment
Share on other sites

I was in the phone with RIA for a couple of the dewat guns to restore and flip yesterday......yeah be grateful you have what you have as things are skyrocketing at a pace that is honestly scary. At this rate, the machine gun hobby will consist of older guys with pensions to spend as they dont need the money, millionaires looking for new toys as their car collections are boring, or Guns that were handed down by fathers/grandfathers. Young guys (35-45) wont be able to afford the buy in on this stuff....as if most can now. Its a double edge sword of the worst kind-want to make money off your investments but you also need new buyers to keep it going.
Link to comment
Share on other sites

What type of "Gun Cases" was AOC offering in 1937? Colt 21AC #12498 order formattachicon.gif IMG_5098.JPG

Auto-Ordnance "Shipping Order" documentation is a very special and rare piece of Colt era paper. Regarding the type of gun cases, I would guess canvas. In 1937, this could be from either MILLS or RUSCO.

The Shipping Order very closely aligns with the early 1921 Shipping Records that were seized by the FBI as part of the East Side Irish Thompson fiasco. So, likely still the canvas cases as Tom suggested.

 

20AA5241-4429-456D-8B48-12154192D98F.jpeg

 

Dont have my fingers on a sharp copy, try the link below

 

http://www.machinegunboards.com/forums/index.php?showtopic=22211&hl=%2Bshipping+%2Brecords

Link to comment
Share on other sites

I know the previous owner of the Eaton Co. gun. The case was original and sold with the gun at the RIA a year ago, I suspect that is where the copy of the order form was procured. I am sure there are pictures of the case. I was my opinion that gun only came with a hard case.

Link to comment
Share on other sites

 

 

 

What type of "Gun Cases" was AOC offering in 1937? Colt 21AC #12498 order formattachicon.gif IMG_5098.JPG

>>>Auto-Ordnance "Shipping Order" documentation is a very special and rare piece of Colt era paper. Regarding the type of gun cases, I would guess canvas. In 1937, this could be from either MILLS or RUSCO.

The Shipping Order very closely aligns with the early 1921 Shipping Records that were seized by the FBI as part of the East Side Irish Thompson fiasco. So, likely still the canvas cases as Tom suggested.

 

Thanks for the replies. Apparently the only type of case AOC offered was the Mills style web woven sling, with or without buttstock pocket. The late date of 1937 would then confirm that there was no chance that the original AOC ever offered F.B.I./PD style hard cases.

Edited by Arthur Fliegenheimer
Link to comment
Share on other sites

Well lets say a guy age 55 today buys a Thompson for $50 g and lives to sell it at age 75. for lets say $100g,

 

who will be around to buy it then? since if he is 75 at that time he will have to sell to somebody younger.

 

which means a 45 year old guy today or younger. and that guy will be a 65 year old buyer by that time for $100 g.{ WHAT DOES HE EXPECT TO SELL IT FOR $179G IN TEN YEARS}

 

and everybody always says its a Investment can sell for more when i tire of it.

 

i do remember selling complete cased set Thompsons mint cond for 15 and 20 g. and hearing moans and maybe too much.

 

however what 50 or 60 g is real fair today.

I think the whole class 3 deal is headed another route in the coming decade. I always hear talk of guys wanting this or that i locate it and wow i was expecting 10 g less.

heck its only dough right how much can you get back in the future? RON K.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...