Dave: ;-) Thanks.
I think guys that wanted them, bought them. The #1 market is a niche market. Those wanting these is a niche market, within a niche market, ala very very tiny market.
They will probably hold value over time, predicated on what you paid for it but even long term I don't look to these to be "Investments".
The other axiom I was raised with is/was buy what you like and want because chances are you'll have it for a long time and it'll be more enjoyable if it's something YOU wanted/like to begin with.
Even within non cataloged #1s or short runs I restrict my buying to ones that I enjoy or like and there are many that even though rare I'll never spend a dime on. Simply others I like or would like to own that I'd rather have.
I've never bought a #1 with the initial intent to sell it. It's happened a time or two over the years as I've culled or sold off stuff as I fucus more on a more specific area but honest, I've never view them as and "investment".
While I'm a fairly serious #1 buyer/collector I didn't buy the Boddington versions when they came out and can't see buying them in the future.
Years ago I worked for an old boy that had a bunch of new WInchester 92s post 64 in all the Centenial, LImited etc runs. They were his "retirement". After he died his daughter finally sold them. They brought slightly more than he paid new, over 30 years ago. He'd have been better off with Series E Savings Bonds as an investment.
NOw, We should all have been buying up all the Angle Eject 94s without a safety in 7x30 Waters. I paid $30 for mine new and then had the barrel cut to 14" for a cat rifle. Right now unless you have $800-$1000 in your pocket don't even look for one in original condition, even used. Here's a rifle that wasn't thought of or designed to be rare but just because the way things worked out ends up worth more and a better investment than nearly all the limited edition stuff.
This takes us back to rule #1. Paying premium for stuff that supposed to be "special" is usually not a sound business/money decision.
I can go on GB right now and buy a "Limited Edition" Elmer Kieth S&W Model 29-3 for just about what I could have bought it new for and that is in 2011 dollars versus 1985 dollars. OUCH!!
the best
Ross