Wtk: Value Of This 1921 Colt Thompson
Posted 06 January 2005 - 02:07 PM
11 1/2" finned barrel with Cutts Compensator. Vertical finger groove
forend. 98% original receiver blue. 95% original barrel blue. 80%
compensator blue. 85% original buttplate blue. Original oil-finished walnut
stocks. Type "L", 50-shot drum magazine by Auto Ordnance Corp., New
York, NY. 99% Parkerized. 20-round blued box magazine marked with
1920 & 1921 patent dates. Lyman tangent rear sight. 1980s(?) repro black
hard case. ATF Form 4.
Thank You in advance for you information.
Posted 06 January 2005 - 03:56 PM
You mention the gun has a Lyman "tangent" rear sight? Not sure what you mean by that, do you mean a Lyman adjustable (elevation and windage) rear sight? In addition, why do you think the sight is from the 1980's? Original Colt Thompsons all had Lyman adjustable sights. Do you think the sight has been replaced with a reproduction sight? If so, then the gun is obviously not all original.
Posted 06 January 2005 - 04:00 PM
Edited by gunrunner, 06 January 2005 - 04:04 PM.
Posted 06 January 2005 - 04:10 PM
He is asking 29.5k for the gun and drum. Thanks
Posted 06 January 2005 - 06:02 PM
Pictures may aid the analysis by those with expertise.
Posted 06 January 2005 - 07:05 PM
Posted 06 January 2005 - 07:11 PM
I would suggest you review these posts.
I think pictures only tell you enough to decide if you want to go see it in PERSON.
I also think the price is high.
Drum would be worth up to $1,500 MAX, more like $1,250 or less.
Even, if we assume $1,500 for the drum then he wants $28k for the TSMG.
I think something like this might be more like $25k for the TSMG or less depending on what a physical inspection tells you.
You can see in the post my information shows the AVERAGE asking price was about $27k last year, remember that is asking price and in some cases with accessories.
I worry about that compensator as did Merry Ploughboy.
Colt TSMG prices 2004
Posted 06 January 2005 - 07:42 PM
Sig is right, the price is too high for a Colt with a replaced barrel. The internal parts should be scrutinzed closely also. The drum is an original 3rd generation Colt drum, but as pointed out earlier, could have used a little oil and maybe some cleaning over the last 60 or so years.
Posted 06 January 2005 - 10:14 PM
Posted 07 January 2005 - 05:11 AM
There are other Colt TSMG's in much better original condition then this out there.
If you need a few leads email me and I will email you back a couple likely prospects.
Posted 07 January 2005 - 08:03 AM
Posted 07 January 2005 - 08:12 AM
Posted 07 January 2005 - 09:09 AM
Again this board is a service to the newby as well as the advanced collector and shooter.
If priced as a "parts gun", shooter it should sell for the fair and correct amount - as long as the owner passes it off as just short of "new" it will be spotted by members on this board. At least on Ebay they use the excuse "it came from an estate" don't know a thing about it!
We now know # 14326 is a parts dog in below average condition.......
Posted 07 January 2005 - 11:03 AM
Posted 07 January 2005 - 01:49 PM