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Sheriff's Auction Colt 1921AC Nets $90,000 - No Gangster Stor


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This auction was back in September, 2017. The estimated value was $37,000.

 

"The Colt Thompson Submachine Gun was purchased by Tuscarawas County Sheriff Abe Laird in 1934. Sheriff’s Office staff is unsure what the machine gun was originally used for."

 

https://www.timesreporter.com/news/20170808/sheriff-to-auction-off-1921-thompson-submachine-gun-valued-at-37000

 

https://www.apnews.com/a4fe6b66f9d6482ebb5d32f36fbbb7e8

 

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One out of town bidder I know took the bid to 60K only because he knew the Sheriff's Department was going to be the recipient of the purchase price. He told me later the bidding did not even pause at 60K. And he was done. Let one of the local boys have it!

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Yeah this one has been discussed and laughed at before....deep pockets and no brains

You ain't kidding on all counts.

Even though the seller didn't claim any Depression Era gangster connection, the final hammer price apparently reflected the desire of two (3,4?) local bidders to keep the TSMG with Tuscarawas, as 83Baron observed. They should change the name of the town to Tuscara-is the town for jaw-dropping Colt TSMG prices.

 

http://www.machinegunboards.com/forums/index.php?showtopic=21054&hl=tuscarawas

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Hi,

 

FWIW, a friend of a friend purchased the Thompson. IIRC, there were two reasons he paid that much for it and the first reason driving his bidding. 1.) He grew up right there where the Thompson came from. He wanted it to say local. The second (not sure on this one) is that he considered it a donation to the local law enforcement. How can you go wrong?

 

It is like the St. Louis PD guns. I've got a friend that really wanted one with history as he grew up in St. Louis. In the end he got one with some history as a bonus. (Ok. This one didn't sell for 90k!).

 

Enjoy,

 

Grasshopper

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