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Colt Thompson Asking Prices


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#21 October1971

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Posted 14 January 2007 - 08:09 AM

Sig,
Good job, as usual, on your tracking of prices. I know that is a time-consuming task.

Now... how about original spare parts tins...!?

1. How many have you seen advertised/sold in last (4) years?
2. What were some of the prices?
3. What do you think current pricing would be on an original?

And, to further muddy the water...

1. How many hard cases (original) have you seen advertised?
2. Price ranges?
3. What % of those were FBI type vs Police Cases?

Thanks!

Oh, and Happy New Year
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#22 Sig

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Posted 17 January 2007 - 07:29 PM

October1971
Just back from a roadtrip.
I will take a stab at some of your questions next week sometime.
michael
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#23 Sig

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Posted 11 January 2009 - 11:26 AM

OK I got off my butt on this update, beyond being very busy at work, lately I have been also very busy with research on my couple of Colt Thompson's and working with David on literature research.

Completely missed 2007 prices for some reason, sorry guys. I only noticed that when I was trying to assist another member.

Managed to tally up the tracked asking prices I captured for Colt Thompsons for 2007 and 2008 now and wanted to share that along with past #'s.
As usual, I am sure it will have much debate. All I claim is this is what I have seen and/or heard as asking prices tossing out highest and lowest prices.

disclaimer
your mileage may vary
while there are SOME prices confirmed as selling price, no one is claiming that these asking prices actually SOLD for these prices

When I rechecked figures, for some reason my calcs for 2006 were SLIGHTLY off my apologies, which is corrected now. For 2008 I took out the highest 2 prices because they were ridiculous #'s and then the lowest one as has been my normal practice . Prices clearly are going down. My figures are an annual total so does not reflect the more recent prices we are seeing now. The count or # of TSMG's offered went down from 2006.

I can say one thing the prices have not gone down nearly as much as my 401K or 201K!

2003 2004 2005 2006 2007 2008
Count: 44 56 50 67 33 41

Average: $21,462 $27,720 $33,745 $36,160 $35,612 $34,094
Median: $20,000 $27,500 $32,750 $31,998 $35,000 $32,850
Mode: $20,000 $35,000 $35,000 $35,000 $35,000 $35,000




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#24 Lancer

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Posted 11 January 2009 - 11:41 AM

Sig
I have a question about what is included in your data.
I've noticed that some guns listed at certain price were reduced by several thousand dollars a month or two later when they did not sell at the higher price. I've seen some reduced 2-3 times. Do you include the higher asking prices in your data when the same gun is subsequently reduce a short period of time later? Obviously this will affect the final numbers.

Edited by Lancer, 11 January 2009 - 11:44 AM.

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#25 Sig

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Posted 11 January 2009 - 11:55 AM

When I see a lower price I track the lower price for this purpose. I also try to keep track of the higher price in my notes separate from the average.
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#26 Lancer

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Posted 11 January 2009 - 12:34 PM

QUOTE (Sig @ Jan 11 2009, 11:26 AM) <{POST_SNAPBACK}>
For 2008 I took out the highest 2 prices because they were ridiculous #'s and then the lowest one as has been my normal practice .


One other point comes to mind in regard to throwing out the highest/ lowest prices. As we all know, there are always ridiculous high prices asked and it is doubtful any are ever sold for a ridiculously high price, contrast this to the occasional very low price that in all likelihood does end up being sold. Maybe the the low price should be left in the equation just because it probably in reality does reflect a selling price. Just a thought.
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#27 dalbert

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Posted 11 January 2009 - 02:19 PM

All,

I just added a link to this thread in the Thompson Reference Index pinned post at the top of the board. Many thanks to SIG for all his efforts in this regard.

David Albert
dalbert@sturmgewehr.com
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#28 Sig

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Posted 29 May 2010 - 07:23 AM

OK I got off my butt on this update for the 2009 data.

As usual, I am sure it will have much debate. All I claim is this is what I have seen and/or heard as asking prices tossing out highest and lowest prices. For 2009 just as in 2008 tossed out one lowest and two high which were again in the ridiculous range.

disclaimer
your mileage may vary
while there are SOME prices confirmed as selling price, no one is claiming that these asking prices actually SOLD for these prices.

As we all knew and understood prices clearly went down. My figures are an annual total so does not reflect the more recent prices we are seeing now.

Attached the data in a different hopefully more readable format.

Enjoy

Attached File  Thompson_price_data_2009.jpg   188.72K   98 downloads
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#29 Sig

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Posted 24 December 2010 - 10:04 AM

Merry Christmas to all.

Did not have a chance to tabulate and publish the 2009 data until May. So, while I still had the chance before 2011 arrives and I get too busy, decided to review my 2010 tracking data and publish the results. If another Colt Thompson shows up for sale I will republish.

Usual disclaimers apply.
your mileage may vary
While there are SOME prices confirmed as selling price, no one is claiming that these asking prices actually SOLD for these prices.


Later in 2010 after I published 2009 data, I realized there were errors. The root cause of the errors was I simply forgot to record and include auction data that I keep, yup simply too busy and plain forgot.
What I usually do is record auction text description data prior to the actual auction. Started doing this when I realized after one auction that the text description was no longer published on a particular auctioneer site. This made me realize I needed to start recording the text description before the auction. I began doing this in a separate area of my tracking sheet, and move the text and the actual gavel price with any premium into the main tracking area after the auction. Well in 2009 for some reason I did not pull and record the final prices in for 7 Thompsons from Julia, J.C. Devine, RIA and then the Guersney County Sheriff.

I am not worthy!!

OK now that I have probably bored everyone to tears with that explanation above, let's move on.

What I had suspected shows in the 2010 data, not a whole lot of Colt's offered compared to previous years, and the asking prices are going up.

As has been my practice, tossed out the top prices (two) and one lowest. Typical high prices are usually an asking price so tossing out known selling prices is a bit different this year but doing it to be as consistent as possible.

In 2010 there were reports of the sale of a well known Thompson that is not recorded here in this data. This is because I have not heard that the sale went through, it would clearly have been deleted from the data anyway as a high price, we are talking a price in the six digits. So automatically tossed out that one and did not count it as one of the top two prices I usually toss. There is another Thompson still out there with an asking price at $995k +, also not even considered. So reality is I tossed out the 4 highest prices, 1 in the stratosphere $995k +, 1 reported possible pending sale in the six digits, 1 asking in the $60's (Neal Smith at the October KCR event) and finally one actual September RIA gavel price in the high 50's. Tossing an actual auction price, is a bit unusual but as I said trying to be true and as consistent as possible. Once again my apologies for the boring long explanation.

Update: I have been informed by a "deep throat" source, that the well known Thompson mentioned above actually has sold. However, this still will not change my data.

Attached File  Thompsons.jpg   83.42K   28 downloads

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#30 Z3BigDaddy

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Posted 25 December 2010 - 02:43 AM

Thanks!! Great info....
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#31 reconbob

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Posted 25 December 2010 - 10:13 AM

In your figuring when a gun sells at auction, is the sale price considered to be
the final bid price? Or does the sale price include the buyers premium paid to the
auction house. For example - if a gun sold for $30K and there was a 15% premium
the final payout by the buyer would be $34,500. So do you value it at $30K or
$34.5K?
This is great research and info - thanks for posting.

Bob
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#32 Sig

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Posted 25 December 2010 - 11:09 AM

gavel price plus any premium is figured in
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#33 colt21a

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Posted 25 December 2010 - 03:41 PM

So with Fidelity Fund i ended up still making out by $8,000.00 more over a seven year span.versus buying a 21 Thompson for $20,000.00 in 2003. and selling it today for $25,000.00> if there would be any buyer's for it at that price.{ hey maybe two or three possibly.}

But a Thompson is something you can shoot, fondle, show -off and take it to a gun show and tell a tale.

the f.f. fund.is paper until you ask for the greenback's..

the only big diff is after a phone call you can have in 48 hour's. the greenback's anyway you like. on selling that Tommy it may take a while longer to see the green. hopefully 2011 will be better for the "Gun Crowd"

in the next ten years or so expect to see a ton of tommies on the market.many dealers and collectors are aging, sad thing. hopefully the new bloods will step up with the cash and the enthusiasm as the past collectors have.> only time will tell<and the Fed Gov.


Ron /Colt21a
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#34 Z3BigDaddy

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Posted 26 December 2010 - 09:55 PM

QUOTE (colt21a @ Dec 25 2010, 12:41 PM) <{POST_SNAPBACK}>
So with Fidelity Fund i ended up still making out by $8,000.00 more over a seven year span.versus buying a 21 Thompson for $20,000.00 in 2003. and selling it today for $25,000.00> if there would be any buyer's for it at that price.{ hey maybe two or three possibly.}

But a Thompson is something you can shoot, fondle, show -off and take it to a gun show and tell a tale.

the f.f. fund.is paper until you ask for the greenback's..

the only big diff is after a phone call you can have in 48 hour's. the greenback's anyway you like. on selling that Tommy it may take a while longer to see the green. hopefully 2011 will be better for the "Gun Crowd"

in the next ten years or so expect to see a ton of tommies on the market.many dealers and collectors are aging, sad thing. hopefully the new bloods will step up with the cash and the enthusiasm as the past collectors have.> only time will tell<and the Fed Gov.


Ron /Colt21a


Run for cover ron!! The sky is falling!

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#35 colt21a

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Posted 26 December 2010 - 10:38 PM

Always expect the unexpected, for when it arrive's you will know.
And be ready to meet your fate, and not as some withering shell of a man.

Ron/Colt21a
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#36 OldFalGuy

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Posted 27 December 2010 - 11:47 PM

Good job keeping up with them all. I can understand tossing those crazy 6 digit numbers but any bonefide auction price ought o be included regardless of whether its the highest or lowest price- its market
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#37 Sig

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Posted 28 December 2010 - 06:09 AM

QUOTE (OldFalGuy @ Dec 27 2010, 11:47 PM) <{POST_SNAPBACK}>
Good job keeping up with them all. I can understand tossing those crazy 6 digit numbers but any bonefide auction price ought o be included regardless of whether its the highest or lowest price- its market



I hear you.
Trying to keep as true and as consistent as possible. When I did the calcs, the one asking price of $995k just was not even a consideration. Then there were reports of a sale crossing into the six-digits but I had no confirmation at the time, so tossed those automatically and did not even consider as the top two. This left the data with an asking in the 60's and an auction in the high 50's that were the two highest, that needed to be tossed.

Understand some would be curious regardless.
If we include the one RIA auction Thompson not included originally, then the average goes from $32,725 to $33,588.

michael
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#38 Sig

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Posted 28 December 2010 - 06:04 PM

Well interestingly today I received information that another Thompson I had been tracking as for sale was sold, in the mid 50's.
Still inclined to leave the data as I originally published.
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#39 Robert Henley

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Posted 28 December 2010 - 06:24 PM

QUOTE (colt21a @ Dec 25 2010, 03:41 PM) <{POST_SNAPBACK}>
in the next ten years or so expect to see a ton of tommies on the market.many dealers and collectors are aging, sad thing. Ron /Colt21a


I think we're starting to see that. I saw on the news today where 10,000 baby boomers a day will start retiring beginning 1/1/11 for the next 19 years.
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#40 colt21a

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Posted 29 December 2010 - 08:53 AM

Many here will be joining that bunch in 19 year's.I am sure we don't have too many here that are under forty anymore. if they are worth their oats doing Thompson's.

you would have had to be around during the 86 ban. and be age 21 so that already puts them at 45 plus.

and that old wifes tale of taking items with you. { that never works out}it all gets sold off.just think TUTANKAMEN>did not look it up to what is the correct spelling of his full name.< or really King Tut got buried with all his gear. and when they found it all, they split it up. wink!

everybody have a great 2011. Ron /Colt21a
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