Got a Colt!

GKC · Oct 2, 2011

gumpys said:
Hi Ken,
I understand that, but like I said I am not going to spend money on a firearm I can not shoot and enjoy.
Eric

You and me both, Eric. Now, I might buy something and then sell or trade it before I have a chance to shoot it, but it wasn't bought with the intention of not shooting it. I don't have enough money to collect valuable things just to collect them, and even if I did, I'd probably manage to scratch it or put some wear on it, just hauling it in and out of the safe to look at it, rack the slide, etc.

Speaking of lotteries (the only one I ever won was the draft lottery, but I had already enlisted in the Navy) I have never, ever won anything...my brother-in-law, who lives across the highway from us, is ALWAYS winning something, finding an incredible bargain, selling something at an incredible profit, etc. He could fall in a pail of pig poop and find a pearl, I kid you not. He loves to rub it in, too...most annoying human being alive! :x

The Wall · Oct 2, 2011

Hey, GKC I was in the Navy during those years. Where were you stationed?

GKC · Oct 2, 2011

The Wall said:
Hey, GKC I was in the Navy during those years. Where were you stationed?

I went to boot camp and basic hospital corps school in San Diego, then to operating room technician school in Corpus Christi, Texas. (I was a corpsman.) Then I went to optician school in Williamsburg, VA. That was my first two years; the last two I spent at Cherry Point, NC, patching up Marines on their way to the brig. I worked in the Eye Clinic during the week, and stood duty in the ER nights and weekends. There were about 10,000 Marines stationed on that base, and about 9,900 of them liked to get drunk and fight every night. I never left the US (except for some liberty visits to Tijuana) but I felt like I spent two years in combat....

How about you?

mattsbox99 · Oct 3, 2011

HAWKEYE#28 said:
Our Dinner auctioned this Colt. Initial Cost was under 1000 to the Committee. Top bid was $1650. Did not have a Ruger rifle offered on the venue, due to samller first Dinner(I assume) Am on the 2012 Committee and will see what shakes out next year. The money goes to a great cause. All of us should attend the local dinners held in your personal arena. 8)

Mike, ours was also the 'smaller' package of guns, but we had 2 ruger revolvers and 1 10/22 that we bought. The circassian 7mm-08 was part of the package that the NRA brings to the event. Also, we had the 'wall of guns' where people could buy a $10 ticket and if they won, pick from about 40 guns, where there were several Rugers available.

---

clayflingy, you may not pay $1500, but that doesn't mean somebody else won't. I haven't even decided to sell it yet, although the 1911 craze will probably not last much after this year. Being a 1991A1 makes it far less desireable than a 'real' Colt to me. I have many other 1911s to shoot so I wouldn't shoot this one anyway. Ours didn't go to a live auction, I purchased a package of raffle tickets that went into a bucket and were drawn at random. If it had gone to live auction, I wouldn't have bid on it. I would have bid on the Ruger though.

clayflingythingy · Oct 3, 2011

hittman said:
clayflingythingy said:

I would add this caveat tho: when people make an purchase at an charity auction or FONRA type event, they are often making a "statement" and the $ amount paid is in no way connected to the actual "market rate" of the item being purchased.

Click to expand...

If these guns are only available at a FONRA event ~ then isn't it the open market?

No.

I have known people who attended DU banquets who decided before hand they were going to drop 2k.

It is possible the fella's bidding on these guns had decided they were going to drop 2K at the event before they ever walked in. The guady Colt catches their eye and they keep bidding until everyone else drops out.

Apparently, the market has decdided the guns are not worth 2K+ as reported above.

It will be interesting to see if the gun goes quickly, or sits, when listed @ $1500. I do hope mattsbox gets his price.

mattsbox99 · Oct 3, 2011

The events are open to the public and many of these event draw large crowds. It is the open market because people are free to bid and bid on multiple different items. If two wealthy farmers who have nothing better to do with their money want it, they can bid. They won't see it in a store but there are other guns that get bid on that they can buy in a store.

mattsbox99 · Oct 6, 2011

I ran into the winner of the 7mm-08 tonight and he mentioned he wanted a Henry Golden Boy 17HMR instead of the Ruger and I said I'd pay for the Henry and take the Ruger. He agreed so now I got what I really wanted!

clayflingythingy · Oct 9, 2011

Well, it appears at least one person is out there willing to pay $2200.

http://www.gunbroker.com/Auction/ViewItem.aspx?Item=253742766

This one was listed yesterday for $2300.

http://www.gunbroker.com/Auction/ViewItem.aspx?Item=255214980

Mattsbox, I was wrong. It does appear you may be able to get your price or more.

mattsbox99 · Nov 9, 2011

clayflingythingy said:
Are there people out there who would actually BUY this gun as a collectable?

The gun is certainly not to my taste, but that aside, how large is the market for these guns? Guns on Gunbroker were mentioned, but have any actually SOLD on Gunbroker? (My pet peeve with people mentioning Gunbroker is they say they see them listed at so and so $. I've seen guns listed for well over a year w/o selling. That guns are listed on GB for X amount doesn't mean diddly.)

The "instant collectable" market tends to bag only suckers. When the suckers run out the market collapse for a long time.

ETA: I see you stated this in a second post: "There are a couple on Gunbroker right now that are at $2200 and higher and not selling. I think I'd want at least $1500 for it."

You may have a hard time getting even the $1500. The gun is IMHO, borderline tacky, like all such "commmemoratives". And there is the old collectors rule which states that anything made to be collectable, isn't.

Good luck with selling your gun. I hope I'm wrong and the gun sells quickly for you.

Ended up going with a penny auction on Gunbroker and it went for more than $2100. The proceeds will go towards some nice Rugers!

ArmedinAZ · Nov 9, 2011

mattsbox99 said:
clayflingythingy said:

Are there people out there who would actually BUY this gun as a collectable?

The gun is certainly not to my taste, but that aside, how large is the market for these guns? Guns on Gunbroker were mentioned, but have any actually SOLD on Gunbroker? (My pet peeve with people mentioning Gunbroker is they say they see them listed at so and so $. I've seen guns listed for well over a year w/o selling. That guns are listed on GB for X amount doesn't mean diddly.)

The "instant collectable" market tends to bag only suckers. When the suckers run out the market collapse for a long time.

ETA: I see you stated this in a second post: "There are a couple on Gunbroker right now that are at $2200 and higher and not selling. I think I'd want at least $1500 for it."

You may have a hard time getting even the $1500. The gun is IMHO, borderline tacky, like all such "commmemoratives". And there is the old collectors rule which states that anything made to be collectable, isn't.

Good luck with selling your gun. I hope I'm wrong and the gun sells quickly for you.

Click to expand...

Ended up going with a penny auction on Gunbroker and it went for more than $2100. The proceeds will go towards some nice Rugers!

Congrats! Don't you just love capitalism??

mattsbox99 · Nov 9, 2011

Its kind of give and take with me and capitalism.

hittman · Nov 9, 2011

hittman said:
Yep ~ if I understand it correctly, (in the Southern IL Region) all these at FONRA events have brought in the $1600.00 range. Heard one fetched almost $3000.00 when two guys decided they couldn't live without it.

Our event is next week. I'll try to remember to report the auction amount then. I think we're the last 2011 event in IL.

Ours brought $2,300.00 at the auction. We had a total of 35 guns to raffle or auction.

mattsbox99 · Nov 9, 2011

Any idea how many people attended? We had about 10 fewer people this year than last, but with 4 homecoming games and another big event the next night it was nice to have 130 people at ours.

I'm going to the state meeting to garner guns for next year.

Do you remember if you had the Ruger 7mm-08 at your dinner?

hittman · Nov 10, 2011

No 7mm at ours. We had 261 attend from the 288 tickets sold.

228 attended the prior year.

Ruger Packer · Nov 10, 2011

Congrats on your new pistol!

I'm like Grumpy, I shoot everything I own!

The gold pony on the slide, I like. That big ole dab of gold in the middle of the slide, would have to go. JMHO 8)

HAWKEYE#28 · Nov 10, 2011

Calm down. I observe it is an anniversary gun and an NRA gun of the year......It should be embellished. I rather like mine........... 8)

ArmedinAZ · Nov 13, 2011

Ruger Packer said:
Congrats on your new pistol!

I'm like Grumpy, I shoot everything I own!

The gold pony on the slide, I like. That big ole dab of gold in the middle of the slide, would have to go. JMHO 8)

He sold it on Gunbroker.

Tommy Kelly · Dec 14, 2011

If you shot it enough all that gold would flake off

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