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1921 Colt Thompson For Sale on GB, SN 569


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#21 buzz

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Posted 04 January 2018 - 01:23 PM

I don't see where you get the west hurley stuff from.

 

It seems to me that this gun occupies the twilight zone between collector item and shooter.

 

A Colt missing the original barrel and possibly some other expensive parts and with some condition issues is pretty far down the totem pole of Colts.

 

Colts tend to get purchased by hardcore gun collector types, the kind of guys who put a very high premium on condition and originality.

 

I don't envision one of those type guys getting too excited about this gun.

 

but we shall see


Edited by buzz, 04 January 2018 - 01:35 PM.

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#22 mohawk64

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Posted 04 January 2018 - 01:49 PM

If.... The barrel is colt and correctly installed... My opinion is it wouldn't dramatically lower the value. Yes it would if a military barrel or West Hurley was installed.
A correct colt barrel replacement is better in my eyes than a bulged barrel
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#23 mohawk64

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Posted 04 January 2018 - 01:51 PM

Im sure bolts. Wood etc have been replaced on several guns out there.
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#24 huggytree

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Posted 04 January 2018 - 02:24 PM

if all the guts are there and correct i think its worth $35k even with a WW2 barrel....its a shooter grade colt.....the lowest ive ever seen a colt was $32k and it was missing 1/2 the parts....for $35k your getting a lot of gun and hopefully it has everything else correct

 

if i were in the market right now id consider bidding on this....i looked into several $35k colts when i was in the market...none perfect but then again its -$10k


Edited by huggytree, 04 January 2018 - 02:25 PM.

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#25 giantpanda4

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Posted 04 January 2018 - 02:27 PM

Mohawk, you gotta remember the barrel IS serial numbered to the gun.


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#26 mohawk64

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Posted 04 January 2018 - 03:53 PM

Yes. On the under 1000 guns. Right?
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#27 Petroleum 1

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Posted 04 January 2018 - 04:54 PM

Im glad Colt Chopper posted that too because on the surface it looks like a good deal to me and Im just learning about these guns.
What is the reason to have the barrel notch or and line on the receiver. Does the barrel seat a special way so the line makes you not over tighten it?? Isnt it just tightened up until snug ??
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#28 Black River Militaria CII

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Posted 04 January 2018 - 05:17 PM

Witness mark identifies the correct position of the barrel relative to the receiver for the front and rear sights to properly align should the barrel with front sight be removed and the same barrel be reassembled. If a new barrel is assembled, then the sight alignment must be addressed by other means and the old witness mark on the receiver can be used to set the new witness mark on the new barrel.


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#29 ppgcowboy

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Posted 04 January 2018 - 05:23 PM

I have asked this before, since the barrels are not indexed, the line must be put there after mounting, or are the barrels put on jig at a light torque spec, marked with an index mark slightly off of the line, and then mounted onto the receivers that has an index line, thus settling on to a specified barrel torque spec and matching index lines. Just curious.
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#30 Arthur Fliegenheimer

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Posted 04 January 2018 - 05:44 PM

I have asked this before, since the barrels are not indexed, the line must be put there after mounting, or are the barrels put on jig at a light torque spec, marked with an index mark slightly off of the line, and then mounted onto the receivers that has an index line, thus settling on to a specified barrel torque spec and matching index lines. Just curious.

 2012 thread on this subject:

http://www.machinegu... witness lines


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#31 lightguy

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Posted 04 January 2018 - 09:36 PM

I saw a completely worn out 1921 with a rotted out barrel go for 35k locally. It was on Gunbroker for awhile too.

I'm not a buyer but 35K for this gun seems reasonable for a shootable Colt if its a Colt barrel with nice rifling (even replaced).


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#32 huggytree

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Posted 04 January 2018 - 09:54 PM

we havent seen the internal parts

 

might be stripped


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#33 Colt21

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Posted 15 January 2018 - 06:40 PM

  That's a good analogy. I'd bet on a replacement barrel job. Either another colt barrel or a Richardson barrel.


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#34 huggytree

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Posted 16 January 2018 - 11:58 AM

curious why you guys think this one didnt sell??

 

when ruben can sell a refinished M1a1 for $27,000 over and over...here's  Colt for $35k....and no bids...its not perfect...but its $35k and not $45k..

 

its an odd market for thompsons right now....$25k pitted M1's that sell and $35k colts in nice/decent shape that dont


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#35 Petroleum 1

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Posted 16 January 2018 - 01:47 PM

curious why you guys think this one didnt sell??
 
when ruben can sell a refinished M1a1 for $27,000 over and over...here's  Colt for $35k....and no bids...its not perfect...but its $35k and not $45k..
 
its an odd market for thompsons right now....$25k pitted M1's that sell and $35k colts in nice/decent shape that dont

Maybe it did sell huggy the item timed out but wasnt relisted. Could have been sold after the auction ended
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#36 huggytree

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Posted 16 January 2018 - 01:53 PM

most/all of my GB sales have been on the side after an auction that was unsuccessful...so i would assume so....just shocked there werent a few bids at $35k

 

had i been in the market today i would have seriously looked into this gun as an option....maybe M1a1's are the only thompsons going up in value...soon to eclipse Colts


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#37 buzz

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Posted 16 January 2018 - 02:45 PM

M1 and M1A1 type Thompsons seem to have gone up in price more in the last 3 years than any other Thompsons.

 

There has been about 45% increase in sale price over that time.

 

All of these transferable MGs seem to go up in jerks rather than a smooth line.


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#38 huggytree

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Posted 16 January 2018 - 02:52 PM

there have been so few 1928's for sale and there have been at some points almost weekly M1a1's listed..so im not sure if we know what the price of a 1928 is

 

ruben had a refinished 1928ac that sold quickly for $27...same price as he sold his m1a1's for

 

i dont know what a 1928a1 untouched would sell for...havent seen one for sale in 1.5-2 years

 

cant disagree m1s havent gone up though......$23-27k whereas 2 years ago they were $21-22

 

a nice Thompson is still a hard find....lots of pitted/refinished guns on the market right now....if i were back in the market for a nice 1928 again i think id be sitting for years waiting for an original finish gun


Edited by huggytree, 16 January 2018 - 02:55 PM.

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#39 ron_brock

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Posted 16 January 2018 - 05:22 PM

there have been so few 1928's for sale and there have been at some points almost weekly M1a1's listed..so im not sure if we know what the price of a 1928 is
 
ruben had a refinished 1928ac that sold quickly for $27...same price as he sold his m1a1's for
 
i dont know what a 1928a1 untouched would sell for...havent seen one for sale in 1.5-2 years
 
cant disagree m1s havent gone up though......$23-27k whereas 2 years ago they were $21-22
 
a nice Thompson is still a hard find....lots of pitted/refinished guns on the market right now....if i were back in the market for a nice 1928 again i think id be sitting for years waiting for an original finish gun

It really depends on how you go about buying. Most nice guns trade hands without going through commercial channels like Gunbroker or the big dealers. Not all, Ive seen some nice guns in those avenues however I see more nice guns trade hands in other places.

Those really interested in Thompsons are doing themselves a disservice by not getting involved in the clubs and networking. Some may argue this is just an avenue to sell memberships, however I also speak from experience. Ive learned more my in my last ~11 years in the club than I ever would have looking at books and webpages. As I have gotten more involved and networked more, Ive learned exponentially more.

Ron

Edited by ron_brock, 16 January 2018 - 05:23 PM.

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#40 Got Uzi

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Posted 17 January 2018 - 10:06 AM

Ron-I agree with you on getting involved with the different organizations as you do learn a lot of valuable knowledge.  I can also attest to things in the Thompson world selling to collectors before they hit the open market/dealers.  High end items sell without anyone being the wiser until its all said and done. 

 

I'm still shocked that there hasn't been a thread started about the BSA and T2 Thompsons that were listed on Sturm a couple weeks ago.  Seems odd that some of the rarer Thompsons go unnoticed while there is a 3 or 4 page thread about an idiot wanting twice what an M1 is worth. 


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