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Value of Colt M1911 mfg in 1914

Posted on 2/16/12 at 3:22 pm
Posted by jcliv
Boise, ID
Member since Jan 2006
121 posts
Posted on 2/16/12 at 3:22 pm
Any idea of the $ value of this rough M1911. Serial # shows it was made in 1914. All original parts, grip, etc.

Thanks for your input


Posted by Glock17
Member since Oct 2007
22377 posts
Posted on 2/16/12 at 3:32 pm to
I don't have a clue, but post it over at bayoushooter and someone will probably know.

Cool gun though! Does it still function?
Posted by jcliv
Boise, ID
Member since Jan 2006
121 posts
Posted on 2/16/12 at 3:42 pm to
Hasn't been fired in many years. My grandfather would fire it occasionally, but I never have. Slide, Trigger, Hammer, etc all are functional.
Posted by bbvdd
Memphis, TN
Member since Jun 2009
24932 posts
Posted on 2/16/12 at 3:49 pm to
Does the slide and everything still function?

If so I'd guess around $1800 +-300.
Posted by DownshiftAndFloorIt
Here
Member since Jan 2011
66763 posts
Posted on 2/16/12 at 3:50 pm to
Military issue???

That is a fine arse piece of steel right there.
Posted by Crawdaddy
Slidell. The jewel of Louisiana
Member since Sep 2006
18360 posts
Posted on 2/16/12 at 3:51 pm to
around 150 bucks in that condition. I'll give you double for your trouble. How's $300
Posted by INFIDEL
The couch
Member since Aug 2006
16199 posts
Posted on 2/16/12 at 4:37 pm to
I wouldn't imagine too damn much in that condition. 400-500?
This post was edited on 2/16/12 at 4:41 pm
Posted by Count Chocula
Tier 5 and proud
Member since Feb 2009
63908 posts
Posted on 2/16/12 at 5:33 pm to
Saw one at the recent Laffy Gun show, manufactored 1912. Good to excellent condition and they wanted $5,900.
Posted by INFIDEL
The couch
Member since Aug 2006
16199 posts
Posted on 2/16/12 at 7:35 pm to
quote:

Saw one at the recent Laffy Gun show, manufactored 1912. Good to excellent condition and they wanted $5,900.





Yeah, I've seen early colts go for some big money. Wait, I've seen some early colts priced for big money.

There may be something about this one that increases value a little, but knowing what we know, in the condition it's in, I wouldn't give that much for it. BUT I'm NOT AN EXPERT

You got to figure that in that condition, it's got to be refinished. When you refinish it you lose value. IMHO, of course.
Posted by Spankum
Miss-sippi
Member since Jan 2007
55970 posts
Posted on 2/16/12 at 8:00 pm to
damn, that sounds like an awesome gun...and the fact that your grandfather owned makes it a family treasure....you are very lucky to have it...
Posted by jcliv
Boise, ID
Member since Jan 2006
121 posts
Posted on 2/16/12 at 8:08 pm to
Yes, military issue. Fully functional as best as I can tell.
Posted by DownshiftAndFloorIt
Here
Member since Jan 2011
66763 posts
Posted on 2/16/12 at 8:09 pm to
There's no way I would sell that thing if I was you.

ETA: There's no way the dollar value is greater than the sentimental value.
This post was edited on 2/16/12 at 8:10 pm
Posted by jcliv
Boise, ID
Member since Jan 2006
121 posts
Posted on 2/16/12 at 8:14 pm to
As you can see from this thread, the estimates are all over the place.

I know that this is a hot button issue, but i'm trying to figure out whether to restore it. Guys like these

Turnbull Mfg will do it but it costs a fortune. i.e., > $1500.00
Posted by INFIDEL
The couch
Member since Aug 2006
16199 posts
Posted on 2/16/12 at 8:21 pm to
This is the way I see it. It was pow pow's, so most of it's value is sentimental. If you don't want to restore it, then just hold on to it and maybe somebody in your future may want to. Once you get rid of something like that you can NEVER get it back, and you cant make new ones.

If it was original bluing, USN issue, then I would hate you less for getting rid of it as you would be looking at 5,000+ (although you would certainly go straight to hell for doing it). As it is now, I agree with everybody else, keep it.
Posted by INFIDEL
The couch
Member since Aug 2006
16199 posts
Posted on 2/16/12 at 8:22 pm to
quote:

and the fact that your grandfather owned makes it a family treasure


THat isn't a fortune. I can remember a time in my life when it seemed like it was, but it isn't. And I aint OT rich.
Posted by INFIDEL
The couch
Member since Aug 2006
16199 posts
Posted on 2/16/12 at 8:27 pm to

Before



After

Looks like 1500 worth of work to me!
Posted by jcliv
Boise, ID
Member since Jan 2006
121 posts
Posted on 2/16/12 at 8:51 pm to
You're right. $1500 is not a fortune, just my wife would see it as $15,000,000.

I should have been more clear before. I do not want to sell it. My real debate is whether to put money into restoring it. I read that it diminishes the value, but if it's not worth much rusting in a safe then i'd rather fix it up and make it a useable weapon. Ultimately, I think grandpa would rather have a working .45 so i'll probably end up spending some money on it.



Posted by DownshiftAndFloorIt
Here
Member since Jan 2011
66763 posts
Posted on 2/16/12 at 8:53 pm to
Restore it man. That's worth it IMO.
Posted by Slickback
Deer Stand
Member since Mar 2008
27678 posts
Posted on 2/16/12 at 9:00 pm to
Restore it and pass it on to your kids.
Posted by NimbleCat
Member since Jan 2007
8802 posts
Posted on 2/16/12 at 9:03 pm to
Absolutely restore it. If its value is sentimental make it a burner again. I think you will always value it for its history. Who cares what some collector tells you about its value. (Unless it is a rare model worth 40K )
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