1921ac Unfired Value?
Posted 05 December 2003 - 11:56 PM
1. The furniture was replaced when he bought it in the '60's with a gorgeous set of custom made wood. He says he has the original wood as well. and
2. The Thompson directory for this serial number only has one note, apparently from a SGN ad run in 1994 that apparently referring to it being reblued.
If this is original blue, could it be worth the $30k asking price. If a perfect reblue job, how much does that depreciate its value?
Posted 06 December 2003 - 12:59 AM
I'd pass on them at the $30k asking.
What does rebluing do to the value of one? It can be originial ONCE. I'd say cut the value 30-50%. Guns are worth maybe $20k.
Posted 06 December 2003 - 01:42 PM
SGN? If in SGN does anyone have a scanner for those unable to acquire a SGN copy.
Posted 06 December 2003 - 03:12 PM
There really is no such thing as a brand new unfired Colt 1921 TSMG. There are many examples of 1921/28 reblued with replacement wood that the seller says has been tucked away since the 1960's and is offered as "new". If it could be proved that there existed such a "new" Colt TSMG, then it would sell for over $50K.
P51 is right about how the value plummets when a Colt TSMG has been reblued. But scratches, nicks, pitting and such will always be present on the metal. Why would a fine example of an unfired, craddled TSMG need rebluing anyway? As the song says, "Walk Away Renee".
Posted 06 December 2003 - 05:23 PM
Sometime next year I would like to buy a Thompson that would be as close to 100% as possible for investment. Any suggestions on an honest dealer that specializes in top shelf Thompsons would be appreciated.
Posted 06 December 2003 - 10:23 PM
|There really is no such thing as a brand new unfired Colt 1921 TSMG.|
Since Aurthur has personally inspected all 15,000 Colt Thompsons, this is how he knows this!
|a "new" Colt TSMG, would sell for over $50K.|
Refer to the first quote.
Colts bring between 15-25K. Those on the upper end are near perfect guns and have tons of accessories.
Consider a Savage 1928. They were built on the same machines as the Colts, just by different people 20 years later. Colt did not design the Thompson, they just build the gun.
An NFA weapon is always an investment. Thompson SMG's are the highest priced, most collectable SMGs out there. All of them. 30K is WAY ahead of the market, one day they will certainly be worth that, but not right now. An original refinished gun of any kind decreases the value.
You are better off with the shooter that you bought. You can't fire a 99% gun without the possibility of value loss. You can shoot yours and still sell it for more than you paid in less than a years time.
IMHO you should never buy a gun you can't shoot.
Posted 06 December 2003 - 11:05 PM
I think the better way to go is to look for a "war baby" that has some history. These are hard to find also.
I think the only "unfired" Thompson (of any manufacturer) is going to be a West Hurley (maybe), and they are going fast, but who knows what's in "the attic" somewhere.
I would just settle for any Thompson.
Just my $.02 worth.
Posted 07 December 2003 - 03:30 AM
A Class 3 dealer and Thompson collector I know was offered a NIB Thompson 3 years. That's a NIB 1921AC Thompson. It was still in the original box which in turn was still in the box from a Chicago department store with the shipping info to the first buyer on it. The gun had never been fired and the box was in good condition.
The asking price in 1999 was $150,000. It was bought soon after by a different collector, probably never to be seen again.
Posted 07 December 2003 - 08:23 AM
With all due respect, your post certainly makes for a good story, but I frankly find it hard to believe. It sounds like the kind of story that would be passed along at a gun show. True, the original guns could have been shipped to certain retail outlets during the early sales in the 1920's, but it seems unlikely to me that a gun that was never taken out of the box would have been registered in the NFA registry after 1934. Therefore, if it wasn't registered it couldn't have been legally transferred in 1999. Of course, I am assuming certain facts here, but until I saw pictures of the gun or some documentation that it really existed, I don't think I would accept your story as gospel.
Most of those kinds of stories always have the same scenario, the guy passed on it, someone else got it and it will probably never be seen again. Pretty convenient way to explain any lack of documentation. I would have to think that the late J. Curtis Earl or Roger Cox would have written or heard about such a gun during their heyday as Thompson collectors and sellers thirty some years ago.
Posted 07 December 2003 - 10:20 AM
Posted 07 December 2003 - 08:43 PM
Regardless of condition, it appears that the bar on prices has been raised.
Posted 07 December 2003 - 10:00 PM
|Since Aurthur has personally inspected all 15,000 Colt Thompsons, this is how he knows this!|
What exactly does this mean ?
Posted 07 December 2003 - 10:06 PM
Think about it for a minute, it makes sense. Gordon has nothing to gain, I do trust his book.
Posted 08 December 2003 - 12:01 AM
Very strange. Anyway, I am happy with my shooter.
Posted 08 December 2003 - 12:06 AM
Posted 09 December 2003 - 06:59 PM
Posted 09 December 2003 - 08:29 PM
Posted 09 December 2003 - 08:31 PM
Posted 09 December 2003 - 08:50 PM
Posted 09 December 2003 - 10:01 PM
My fault on the name thing. Now I'm 42 I can't remember shit any more!