19 replies to this topic

[Sig]

I noted 53 Colt TSMG's for sale in 2004, so far.
I excluded for purposes of this poll two extreme high end guns.
Will share my actual observations later.
I am very curious what everyone here thinks the average asking price has been.

Oh forgot to add prices here in some cases include the accessories.

[giantpanda4]

Too bad we can't have a poll that said what we thought the value of each of those guns would average!
I bet there would be a 30% difference!

[SecondAmend]

FWIW, statistically the median is usually a better number to use than the average. As you note, an artificially high (or low) number (such as the '21 that used to be for sale for $96,000) will skew the average.

Any chance you'd do the average, median and mode? I'd like to see the distribution too, if you're willing to share that as well.

Thanks.

[Sig]

Can I dust off my old skills on this request for average, median and mode?
That is a most interesting request.
Should be able to do it when I decide to post the answers.

[Sig]

OK here are the observations I made. Don't shoot the messenger!
I actually found 2 more TSMG's for sale to add to the list since I posted.
AND for SecondAmend's enjoyment I did a couple of stats for him.
Wish I had similar data for 2003 to compare but I don't.
Remember I tossed out the highest 2 but not the lowest 2.
Most of the prices noted are ASKING prices but in some cases the sale
or auction price was know and that is what I recorded not the original asking price.

Count 55
Total $1,532,300
Average $27,860.00
Median $27,500
Mode $35,000

[SecondAmend]

Average (arithmetic mean) and median are pretty close but the mode is significantly higher. Sounds like the mode is made up of a group of high end (or at least what the sellers believe are high end) guns.

I find 55 a pretty surprisingly high number for sale in one year considering only about 2000 Colt Thompsons are generally believed to be registered. That plus the high modal amount may indicate "cashing out" at the high end.

Thanks for the breakout.

[Sig]

I was actually surprised at the count myself.
I was quite thorough with my journal and made sure I was not duplicating ads I saw as I kept track of the sellers information in all cases.

[colt21a]

as we all know those that have over $20,000.00 each into the tommy.want them to keep increasing more and more....when doe's it stop when above average people won't pay $50,000.00 plus for a colt thompson.....

kinda funny....i go to peoples homes,they live in a $200,000.00 or more home....and have $200,000.00 grand worth of iron.....

i think i'd rather have the million dollar plus crib.....and less in gun's...

the house normally will always be a guarantee!! the gun's not always...

some dress like crap, drive beater's or ten year old car's....don't live in nice dig's...but brag about the ten great gun's they have....

there are very few of us that have it all...and a $50,000.00 colt ain't all of it...

i remember this great collector had ten nice colt's lived in a apt. in krap part of town...thought he had the world by the arse.

bought all he had..he bought a new car.and a nice house...now he's living.wink!

as far as the sale's of "colt's in the future"make sure you have all the duck's in a row.nice dig's, nice clothe's .nice ride.food to eat.and some spending cash! {when you need it}

then go get the colt or military model...

too many rag tag collector's at the show's...and i have seen them all...and as far as price's...all over priced anyhow now..

t.g.greed is rampant now...

sold all of mine.what me worry??not no more..

that's one stress level i no longer need!all the drama..

i finally figured it all out....it's a gun!! wink!!

everybody have a nice x-mas and a fairly good new year...

have fun with this stuff.that is what it is supposed to be FUN!
ron

[Merry Ploughboy]

Real estate is no guarantee. Ex-wife's aunt and uncle had a 'spensive place in a nice part of town in the early 60s. Flash forward to mid-60s and race riots six blocks over. Less than three years later and they couldn't give the house away. Lost tens of thousands of $$$ back when it was real money. Ended up in a Florida trailer park on Social Security before they died. Lesson being - diversify.

MP

[colt21a]

um!maybe>GOLD,diamond's,bond's, cash and some land, nice house,and gun's..yep as i said have a little of alot..instead of alot of a little...

there is a tale in all of it.wink!

as long as the tommy doe's not wag you around like a tail!!

take care,ron

[Mike Hammer]

Phil, I gotta hand it to you pal, spoken like a true ex government employee who's got a true grip on how it all really works. Yea, property taxes...you only THINK you own your own property...oh, you can't pay the huge escalating property tax we think WE deserve for what YOU own and slaved for your whole life...just hand us the title please, thank you very much! In 15 yrs. when I HOPE to be retired, will I be able to hold on to the property I worked decades to own...I'm beginning to doubt it. Buy all the Thompsons you can my friends, and keep them in that rusty van. Alas, maybe uncle sam's spiraling socialism will pay for that free beer after all, to help you forget what you once had. A vex upon you Hillary, may you never see 2008!

Mike Hammer

[colt21a]

i guarantee the thompson's will ever go.before the house!! if the government has anything to do with that..you can always have some kind of roof over the head......but they sure as heck can try and take the full auto's.or tax them into oblivion......transfer tax.$5,000.00 each anyone...think about that.who's going to be paying up for that thompson and a 5 grand tax to boot....
pride of ownership...don't think so....

just have fun in whatever you do....and don't get too hung up in the process...........wink!!!

"in a van by the river"

take care,ron

[21 smoker]

This thread has turned too negative...time for a little reflection here...in my old age I`ve learned that 99% of the issues I worried about never came to pass...doom and gloom has served no one....yes,I know,"Be prepared"...but enjoy what we have....if you are fortunate to owne a Thompson...enjoy it ..I do,everyday...quit worrying about stuff that probably won`t happen anyway...nobody saw the hughes amendment coming along...and probably couldn`t have stopped it...thanks to crooked politics and the demoncraps...tip oneal and his selective hearing...let`s turn all this speculation energy into a united effort to repeal this restrictive legislation and bring some common sense back to the civilian NFA community...give our boys on the frontline a fighting chance with state of the art personal defense weapons platforms developed by civilian designers allowed to create in a free society....enjoy what they are fighting for...we all earned it..every American....ok,...rant off...

[Sig]

21 smoker
I couldn't agree more with you!!! Well said thanks for saying it.
michael

[colt21a]

you must have read the latest book from>mike {t-rex}crighton.wink!!


what me worry>never!!! life's too short.
take care,ron

[LIONHART]

QUOTE

This thread has turned too negative...time for a little reflection here...in my old age I`ve learned that 99% of the issues I worried about never came to pass...doom and gloom has served no one....yes,I know,"Be prepared"...but enjoy what we have....if you are fortunate to owne a Thompson...enjoy it ..I do,everyday...quit worrying about stuff that probably won`t happen anyway...nobody saw the hughes amendment coming along...and probably couldn`t have stopped it...thanks to crooked politics and the demoncraps...tip oneal and his selective hearing...let`s turn all this speculation energy into a united effort to repeal this restrictive legislation and bring some common sense back to the civilian NFA community...give our boys on the frontline a fighting chance with state of the art personal defense weapons platforms developed by civilian designers allowed to create in a free society....enjoy what they are fighting for...we all earned it..every American....ok,...rant off...

I really don't think the thread has turned negative. Though it maybe true that most are worries never come to be, in the unfortunate event that they do, at least one can be well prepared as one could to meet those challenges should they occur. Obviously the world has changed significantly after 9/11. What IF there was another Attack? a Market Crash, or WW3? In this day and age than ever before, we all must be somewhat ready to adequately live through such a disaster. Ten years ago I was called a NUT, for suggesting that our Government would be issuing out National ID Cards. I was told time and time again, THAT WILL NEVER HAPPEN. But yet, just a few days ago, this has become LAW. Expect to have your new ID within 18 months...Though I will resist just that..Not for me. Quit biblical in fact. Doom and Gloom? The worse is yet to be. State of the Art Weapons?? Look at all the problems there having with these new Weapon Systems! I have a few friends over in those front lines that have to salvage parts from wherever just to make their Hummers in operational condition. Not to mention all the problems with their M4's and M92's. Bad parts, Bad magazines, Bad everything...It's not good, and won't be any better anytime soon either.
I believe if someone is going to invest into the Class 3 Hobby (And that is what it is...a Hobby) than that person should be well prepared prior to making such an expenditure. Bills paid, Credit Cards down, Supplies put away, ect...I know a few Class 3's who are getting ready for something that they believe will happen in the not so decent future. Thus, there selling out, getting the most that they can, and stocking up with conventional equipment and supplies. Doesn't make much sense protecting oneself and their loved ones with a $50K Colt Thompson. Be wise folks. Be prepared FIRST, than have fun. Something seems to be in the air, and whatever it is, doesn't seem to be good...JMHO

[colt21a]

i'm prepared a few beta's a f/a/ m-4..and ammo! {with halo can}wink!!

after the mp-40 run's dry....toss it and onto the m-4...

i can just see some class three guy's..pullin and haulin around a safe with 50 gun's..and screamin martha i can't let it go...it's the entire saving's!!!woooowee!!

shades of ww2.....in europe.....leave the painting's...the german's can have them!!

take care,ron

[LIONHART]

What I can't figure is, why even bother with the new ID Cards? Why not just tattoo a Serial Number on all of our right arms? Wouldn't that serve the same purpose? Revelation has finally proved to be true. One won't be able to either buy, sell, seek medical attention, hold a job, purchase a firearm, and everything else we manage to do through out our daily lives, without being asked to see our "Papers". The powers that be really have done us good this time around. It's scarry to think what this World is going to be like within the next year or two..

[21 smoker]

The intent of my original post was not to point a finger at anyone here,nor to encourage all of us to bury our heads in the sand...what I wanted to accomplish is to unite us here to overcome the very restrictions that stiffle a free,creative process that has separated America from the rest of the world for 200+ years.I was not endorsing some multi-mega industrial military complex to sell state-of-the-art star wars fantasy weapons to our boys in the thick of things.Most of the great firearm advancements throughout history have come from the civilian sector,cottage creators,garage genius,etc....if Colt had invested a little R&D like Para-Ordnance did 20 years ago,double stack the 1911 45cal,we would still be carrying them,instead of the woefully inadequate 9mm foreign made pistol...9mm..the most "treatable wound" of WWII...I,also do not want a 1984 ID card and call on everyone here to resist the implementation of such a program....we must pull together like we all did here during the last election...if the current administration misread the victory,it is our duty the re-educate them...like we did before...I feel we made a difference in Nov....that was my intention then and now...

[21 smoker]

Phil,..Amen to that...