Jump to content


Photo
* * * - - 2 votes

1928AC Sold on Gunbroker for 17K

Thompson 1928

  • Please log in to reply
44 replies to this topic

#1 Grease Gunner

Grease Gunner

    RKI Member

  • Board Benefactor
  • 273 posts
  • Gender:Male

Posted 24 July 2019 - 07:38 PM

Fellow Collectors, I like to see high prices for sales so we can feel that our collections are going up in value..

Lately the market seems soft . A  1928AC just sold for 17K. This variation was sold to law enforcement and generally

are in a lot better condition than WW2 military guns and ,makes for a good shooter. 

 


2O7Vp9.jpg
urHI5K.jpg
QotiNr.jpg
 
 
I apologize for the wrong pics yesterday
This is the 1928AC sold yesterday
They were 1928s that were assembled mid WW2 out of parts left over
as Auto ordnance transitioned to the M1 and M1a1.
These guns went to police departments

Edited by Grease Gunner, 25 July 2019 - 10:21 AM.

  • 0

#2 ron_brock

ron_brock

    Respected Member

  • Moderator
  • 2004 posts
  • Gender:Male
  • Location:Wolverine State

Posted 24 July 2019 - 08:11 PM

Linky,

https://www.gunbroke.../item/821123803

I saw your pics and thought someone got screwed. Whats the relation of the pics to the post??

Ron
  • 0

#3 APEXgunparts

APEXgunparts

    Long Time RKI Member

  • Regular Group
  • 248 posts
  • Gender:Male
  • Location:Colorado
  • Interests:Military history & martial arms.

Posted 24 July 2019 - 08:14 PM

Is it me, or do the left side markings / serial number look "wrong"

Like it was hand stamped a numeral at a time?

Richard


  • 0

#4 b_san

b_san

    Member

  • Regular Group
  • 30 posts
  • Gender:Male

Posted 24 July 2019 - 08:34 PM

.

Edited by b_san, 26 July 2019 - 10:46 AM.

  • 0

#5 giantpanda4

giantpanda4

    Respected Member

  • Board Benefactor
  • 2352 posts
  • Gender:Male
  • Location:Howell, MI 48855
  • Interests:Mechanical toys - cars, instruments, and of course - guns. The 1921-28 thompsons are the epitomy of perfection for a mechanical device that fills all my interests!

Posted 24 July 2019 - 08:59 PM

Is that S/N is familiar from a presentation last summer....?  TD??


  • 0

#6 BillyDixon

BillyDixon

    Regular Member

  • Regular Group
  • 255 posts

Posted 24 July 2019 - 11:19 PM

why the x stamped after the sn ?? just askin.


  • 0

#7 Got Uzi

Got Uzi

    Long Time RKI Member

  • Regular Group
  • 921 posts
  • Gender:Male
  • Location:Uhrichsville, Ohio

Posted 25 July 2019 - 03:45 AM

No thats not the one you are thinking of Mike. This one is a documented Cleveland PD gun
  • 0

#8 Frank Iannamico

Frank Iannamico

    Website Founder & Industry Expert

  • Moderator
  • 1337 posts
  • Gender:Male

Posted 25 July 2019 - 08:32 AM

Is it me, or do the left side markings / serial number look "wrong"

Like it was hand stamped a numeral at a time?

Richard

A lot of the AOC made Thompsons M1A1 and 1928A1s, have misaligned serial numbers  like that. 


  • 0

#9 Frank Iannamico

Frank Iannamico

    Website Founder & Industry Expert

  • Moderator
  • 1337 posts
  • Gender:Male

Posted 25 July 2019 - 08:39 AM

why the x stamped after the sn ?? just askin.

Most of the 1928A1 "AC" Thompsons made by AOC were sold to Police Departments had the US ground off and the 1 in A1 overstamped with a letter C. Most, but not all, had an X added to their serial numbers.

It is unknown if the guns were contract overruns or just left over when M1 production started. There have been a few documented with transfer forms dated 1944-45.

 

American Thunder III 

https://www.smallarm...?product_id=166


  • 0

#10 huggytree

huggytree

    Long Time RKI Member

  • Regular Group
  • 2909 posts
  • Gender:Male
  • Location:WI
  • Interests:Fast cars, Guns, Work

Posted 25 July 2019 - 08:44 AM

refinished/mismatched, but still a real thompson....for $17,000 its WH priced...cant beat it for a nice shooter

 

gun could be made correct other than the mismatch serial # on the lower by swapping a few parts

 

might be the best 1928 deal ive seen

 

wonder why Thompsons are dropping in value so quickly. a year ago this would have been a $22-23,000 gun.

 

the market is down for most FA, but the Thompson seems especially hard hit lately.

 

good buy Harris!


  • 0

#11 Robert Henley

Robert Henley

    Long Time RKI Member

  • Regular Group
  • 1011 posts
  • Gender:Male
  • Location:Florida
  • Interests:NRA Life Benefactor
    Unified Sportsmen of Florida
    The American Thompson Association

Posted 25 July 2019 - 09:25 AM

One possible explanation is the gun was not seen by a lot of Gunbroker customers.  I say that because I don't recall seeing it, and I've got a number of "saved searches" related to Thompsons.  Of course, the market does appear to be soft and with about a one year wait for a transfer that would certainly dampen demand.  Another possibility is a topping stock market and some fear of an impending recession.  With $22.5 trillion in national debt and no relief in sight, the party can't go on forever before the punch bowl gets taken away like it or not.  Agree it appears to be a good deal.


  • 0

#12 Grease Gunner

Grease Gunner

    RKI Member

  • Board Benefactor
  • 273 posts
  • Gender:Male

Posted 25 July 2019 - 10:24 AM

The Auction Ended Late Morning 11:45 Eastern on a Wednesday, not the best time for the
most views. Many GB sellers end theirs on Sunday nights, some monday nites.
At $17,035 that may be a new low for a WW2 era gun.
 
What I find really interesting is that the market may be soft but Rock Island and Morphy's continues
to sell for high prices. And the last five West Hurley 1928s with buyer premium were costly.
I dont knock West Hurleys but they traditionally sell for less than WW2 AO and Savage production.
 
Seller has Excellent Reputation and I am thrilled to be able to get this Iconic gun at a fantastic price!!

Edited by Grease Gunner, 25 July 2019 - 01:51 PM.

  • 0

#13 dalbert

dalbert

    Website Owner

  • Admin
  • 4890 posts
  • Gender:Male
  • Location:Ohio

Posted 25 July 2019 - 10:54 AM

There are always outliers in auctions, and to Haris' point, the auction end time was not well planned. While the market is a bit soft, this should not be seen as anything but an anomaly. One instance is not a trend.

David Albert
dalbert@sturmgewehr.com
  • 0

#14 Grease Gunner

Grease Gunner

    RKI Member

  • Board Benefactor
  • 273 posts
  • Gender:Male

Posted 25 July 2019 - 11:05 AM

Last WH's at auction houses

 

April 2018   SN 2268a     $28,750

April 2018   2504a            $31625

June 2018  455A               $20910

May2019    1538A             $28,750

May 2019    1653A            $31,625


  • 0

#15 Petroleum 1

Petroleum 1

    RKI Member

  • Board Benefactor
  • 1007 posts
  • Gender:Male
  • Location:Arizona / Colorado

Posted 25 July 2019 - 11:40 AM

I think the auction houses make the buyers feel more comfy that its not a scam sale. I dont think the quality is any better than a private sale though. Nice work Haris you got a great deal!!
  • 0

#16 villafuego

villafuego

    Member

  • Regular Group
  • 78 posts

Posted 25 July 2019 - 12:27 PM

Duffy's is about as 100% of a reliable/upfront seller as you could ever do business with...…  Since it appears that the buyer is a member here, congrats on a smoking deal.

 

I think this illustrates how firearms not "pimped" by large auction houses, or those priced /promoted by a few "mega" dealers that could best be likened to modern day "J. Curtis Earls" are still out there......


  • 0

#17 Got Uzi

Got Uzi

    Long Time RKI Member

  • Regular Group
  • 921 posts
  • Gender:Male
  • Location:Uhrichsville, Ohio

Posted 25 July 2019 - 12:28 PM

Good explanation for the mismatch is Cleveland had several guns. 98% sure its lower is out there on another CPD marked gun.

Talking about prices and star they are doing-how many guys can afford $20-$40k these days? Or how many Thompsons can one person realistically purchase now either? We are starting to see a trend seen in the classic cars....brass era cars used to be huge money and then those who loved them got what they wanted and younger guys didnt like them as much. Look at M16, MP5, Uzi and MAC prices.....still going up and selling for those prices. How many $20k plus Thompson guns are selling now? Not many. That nice bring back matching M1 sold yesterday on Sturm for $18k. Has that been at $20 or $22 itd still be listed. Vintage market is getting soft for common guns aka standard Thompsons and it may only get worse for the next few years.
  • 0

#18 Roland the Thompsongunner

Roland the Thompsongunner

    Long Time Member

  • Regular Group
  • 237 posts
  • Gender:Male
  • Location:pa
  • Interests:I am into motorcycles both dirt and street. Musclecars, and WWII reenacting and weapons.

Posted 25 July 2019 - 12:54 PM

Interest in all the older stuff is slowly petering out. Prices are dropping on Wwii items too. Many younger kids are interested in the events but very very few are collectors..my two boys included. They like shooting my guns but have no desire to collect or buy. This trend will continue im sad to say with all older stuff. Soon mac 11's will be more than 08 Maxims etc because its a "newer era" gun . The other thing that most guys I know personally are worried about is a change in status of the guns. Many believe at some point we will end up like canada where you cant sell them. I tell people buy what you are interested in and keep in mind it may be worthless as far as value at some point depending on future occurances and laws. Sad and scary times for our hobby. Dan
  • 0

#19 RogerD

RogerD

    Member

  • Board Benefactor
  • 89 posts
  • Gender:Male
  • Location:FL

Posted 25 July 2019 - 03:07 PM

I bought a 1928 a few weeks ago for $15,000 from a guy who was involved in an ugly divorce and needed to get rid of the gun fast.  My SOT and I took the gun to the range Sunday and it fired well.  Until I took my finger off the trigger and it just kept firing.


  • 0

#20 Merry Ploughboy

Merry Ploughboy

    Long Time RKI Member

  • Regular Group
  • 1119 posts
  • Gender:Male

Posted 25 July 2019 - 04:29 PM

I bought a 1928 a few weeks ago for $15,000 from a guy who was involved in an ugly divorce and needed to get rid of the gun fast.  My SOT and I took the gun to the range Sunday and it fired well.  Until I took my finger off the trigger and it just kept firing.

 

Del Shannon had a song about that:

https://www.youtube....h?v=0S13mP_pfEc

 

So did Bon Jovi:

https://www.youtube....h?v=s86K-p089R8

 

 

Be well.


  • 1





Also tagged with one or more of these keywords: Thompson, 1928