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What are thoughts on the latest value of a 38/42 fluted with all the right marks? I have been on the fence with selling it and again contemplating whether I should. The site that values them based on prior sales pegs it at right around 30ish. Does that seem accurate?

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Only the Best has an M38/43 listed at $30K and and a somewhat nicer M38/43 (plain barrel) at $27K

He's had them listed for quite a few months at those prices so he may be a bit high

Edited by StrangeRanger
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I bought a C&R M38/42 in good condition off of Gunbroker in September 2021 for $17,700 as pictured below.   

20220420_140706.thumb.jpg.7757eb59b6777c97bf631bf9210d94b7.jpg

Original receiver that is properly marked with no import markings.  Shoots well with no issues.  Nice bore.  Matching barrel and receiver but stock is not matching.  Replaced a partially rusted trigger spring.   

MG Price Guide has the average at $30 K which I think is too high.  FMV is in the low to mid $20K range. 

Edited by maxfaxdude
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1 hour ago, maxfaxdude said:

I bought a C&R M38/42 in good condition off of Gunbroker in September 2021 for $17,700 as pictured below.  

...and outbid me for it.  IIRC I quit somewhere around $17 or $17.5, forget which so I pretty much agree with maxfax's judgement on price

There's a refinished one coming up at Morphy's next week.  It should test current market.

https://auctions.morphyauctions.com/_N__ITALIAN_WORLD_WAR_II_BERETTA_MODEL_38_42_SUBMA-LOT537552.aspx

Edited by StrangeRanger
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The price variances are so extreme. Guess the lack of sales doesn't help. I had posted pics earlier, but here it is again. 1968 Amnesty gun and I have the original paperwork. All numbers matching, never refinished. What looks like a crack was done by the factory. They did it to save materials - has a dove joint down the center. Has the 4UT stamp as well as a couple others. I also have the sling mount, just wasn't on in these pics. Will be interesting to see the Morphy's sale. Thanks for the responses.

 Gun9.thumb.jpg.bb92c6d9dea4c467968c1edecdf4d14b.jpgGun8.thumb.jpg.cea6b0ba68085044577ec851f81da815.jpgGun7.thumb.jpg.045179ce0fdf9c38662e35cfb0b13b7f.jpggun6.thumb.jpg.8638df120dfbc2234aee46dc155d1725.jpgGun5.thumb.jpg.8166b21dc4037f2880cfbe681b9dc4ab.jpggun4.thumb.jpg.ec6fb6f33e48357ed30df3c1a2cd956b.jpgGun3.thumb.jpg.b39816b965bb983722dd1ab4f7957475.jpgGun2.thumb.jpg.4b9a0739c465c1b42308cb262ee8eb51.jpgGun1.thumb.jpg.010bad4c6165feabd7f53f230775899b.jpg

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Congratulations! I’m happy someone on the boards won it…

Was bidding against you but dropped out at $17 k as that seems to be where the 38/42 is these days. Would like to know when you get the gun if the serial number is still visible on the stock? The refinished stock certainly has beautiful grain in the wood.

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I agree about the wood, very nice grain.  If I can strip that wretched shiny finish without raising the grain I'll redo it in a proper boiled linseed oil (I don't want to sand it and destroy what's left of the markings)

Forgotten Weapons did 2 videos on that exact gun last month

 

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How cool is that? You should download and save so it will be part of the gun’s history and you can use it as a tool when you (or your heirs) eventually sell the gun and let someone else be the caretaker.

I’m in agreement, that although beautiful grain, the first thing I would have done is to return it to the boiled linseed oil finish. Maybe if we are lucky it will transfer to you in time to bring it to next years TATA shoot at the Hill’s ? Would be nice to see it in person and see how it shoots.

Once again, glad one of “us” was the successful bidder.

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Thanks for the info and congrats on the purchase! Looks like a nice acquisition for sure. As I mentioned above, it's seems very difficult to determine a true value. I do think my gun will be a bit north of that, but hard to tell how much; Is it $10, $10K or sell for and unlikely $54K on Morphy's (referencing the one that sold really high)? It's fluted, not refinished, matching #s and has all of the right marks (even some that I couldn't find answers to after much research). I also know the exact history  as a bring back and am not anxious to see it go (family). That said, we may be moving and who knows if it will be a state where I can't have it. Thought about listing it similar to the one at Only the Best and see what happens ... keep waffling though for so many reasons. Decisions, decisions!  Again, nice purchase and congrats.

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Got Uzi's father has one that I've shot and you're right about how nice they are.  I never expected to win it for that price.  The only things I can figure are that the refinished stock turned people off or that since it was the first item on the block at 9AM it's possible that a lot of people may have missed it.  Either way, I'm not complaining, (except for the time it will take for the E4 from my dealer to me to clear but that's a whole different thread.)

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It does have the sling swivel, although not in the picture but not the cleaning rod. I haven't seen any with the cleaning rod listed or shown in pics, so don't know if that would really have any material effect on the price, however, you may certainly be correct. It's certainly not perfect, it's a war relic from the 40's, but it is the right model with the right markings (from what I understand). I also have no illusions that I'll get over $50k, if so, I would bury my hesitation and sell immediately. I have been thinking about it for quite a while and watching the prices. The catalyst may be a potential move coming up in the next year. Thanks for the feedback.

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We sold our 38/42 for $16k about 4 months ago to a private party. Had it for a little more than 15 years. We were the 3rd owners. It was as Amnesty registered. It was originally acquired in 1944. Prices are all over the place. 

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On 11/16/2022 at 8:14 AM, StrangeRanger said:

I just won the 38/42 at Morphy's for $17K hammer. 😁

With 20% premium and 6.75% OH tax that's $21, 777 plus shipping so that probably indicates the current market

To bring bigger money it would have had to have original finish on both the gun and barrel, and most importantly the fluted barrel.    Still a decent value in that condition IMO.

.....oh, no magazine....a $29 deduct there.

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