Used Handgun Sightings

["DoubleAction"]

I thought it would be of interest to begin tracking current values on the used handgun markets around the country, based on casual sightings in gun shops, sales from individuals, or the internet.
Rating a gun's condition can be based on a casual unprofessional visual inspection. I often compare those asking prices of used guns to those prices quoted in the Standard Catalog Of Firearms.

["DoubleAction"]

The Grading System from Gun List and The Standard Catalog of Firearms.

NIB-New In Box

[/size]

This catagory can sometimes be misleading.It means that the firearm is in it's original factory condition carton with all of the appropriate papers.It also means the firearm is new; that it has not been fired and has no wear.This classification brings a substantial premium for both the collector and shooter.

Excellent

Collector quality firearms in this condition are highly desirable.The firearm must be in at least 98 percent condition with respect to blue wear, stock or grip finish, and bore. The firearm must also be 100 percent original factory condition without refinishing, repair, alterations, or additions of any kind. Sights must be factory original as well. This grading classification includes both modern and antique ( manufactured prior to 1898 ) firearms.

Very Good

Firearms in this catagory are also sought after by both collectors and shooter. Modern firearms must be in working order and retain approximately 92 percent original metal and wood finish.It must be 100 percent factory original, but may have some small repairs, alterations, or non-factory additions. No refinishing is permitted in this catagory. Antique firearms must have 80 % original finish with no repairs.

Good

Modern firearms in this catagory may not be considered to be as collectable as the previous grades, but antique firearms are considered desirable. Modern firearms must retain at least 80 percent metal and wood finish, but may display evidence of old refinishing. Small repairs, alterations. or non- factory additions are sometimes encountered in this class. Factory replacement parts are permitted. The overall working condition of the firearm must be good as well as safe. The bore may exhibit wear or some corrosion, especially in antique arms. Antique firearms may be included in this catagory if their metal and wood finish is at least 50 percent original factory condition.

Fair

Firearms in this catagory should be in satisfactory working order and safe tp shoot. The overall metal and wood finish on the modern firearm must be at least 30 percent and antique firearms must have at least some original finish or old re-finish remaining. Repairs, alterations, nonfactory additions, and recent refinishing would all place a firearm in this classification. However, the modern firearm must be in working condition, while the antique firarm may not function. In either case the firearm must be considered safe to fire if in a working state.

Poor

Neither collectors nor shooters are likely to exhibit much interest in firearms in this condition. Modern firearms are likely to retain little metal or wood finish. Pitting and rust will be seen in firearms in this catagory. Modern firearms may not be in working order and may not be safe to shoot. Repairs and refinishing would be necessary to restore the firearm to safe working order. Antique firearms will have no finish and will not function. In the case of modern firearms their principal value lies in spare parts. On the other hand, antique firearms in this condition may be used as "wall hangers" or as an example of an extremely rare variation or have some kind of historical significance.

["DoubleAction"]

Colt MK IV Series 70 Government Model / Blue

Condition : Excellent

Catalog Appraisal : $500

Selling Price : $500

Dealer

Area : South Metropolitan Atlanta, Georgia

I found this Colt to have no visible rust or noticable surface scratches. The Frame, Slide, and Barrel are in excellent condition. The fit of the slide to frame is not that of a newer CNC pistol but I've seen newer Colts that were far looser. All the original parts were intact, with the pistol being complete. The top side of the factory wood grip had a piece taken from to it's top corner, perhaps due to someone trying to pry the grip off from the corner. The beauty of a Colt 1911 is the ability to replace parts without it becoming evident. If I had not already added two of these to my safe, I would give serious consideration to buying this one.

The polished blued flats of a Colt 1911 Series 70 Government Model is in a class of it's own.

[MLB]

I had the chance about a year ago to pick up a blued Python (6") for $550. I wish it were still for sale. When it was offered, I had just purchaced 3 handguns in relatively quick succession. Bringing home another would not have been a good idea.