value of 4 nib consecutive serial 1950's Goverment model colts

[smgman]

I have 4 new in the original box still in the grease Colt Govement models inbound . All 4 have consecutive serial numbers and have the original manual and cleaning brush in the box. I am new collectable colts and have no idea what there value is . I am looking to keep them at this point and would like to get a idea how much insurance to have for them . If I decide to sell them they will be posted in the proper forum so please do not make any offers or ask about buying them .


Thanks
Jay

[d90king]

Sounds to good to be true. ;) To some collector, I am sure you could name "your" price. Got any pics?

[Rich-D]

Post some photo's when you receive them. A serial number would be necessary to give a definitive Blue Book value. However, as d90king points out the 4 in sequence may be worth considerably more on the collector market. You can also look into "Gun Appraisals" utilizing your Internet search engine.


Rich

[M203Sniper]

I ref these-

http://www.collectorsfirearms.com/admin/show_inventory.php?catID=13

http://www.gunbroker.com/

If you are interested in Insurance; are you a member of the NRA? They offer $1000 (I Think?) of insurance which you can upgrade for your gear. Take a look at that website as well.

http://www.nra.org/home.aspx

Look for http://www.nra.org/benefits.aspx

Arms Care (http://www.locktonrisk.com/nrains/armscare.asp) is the name of the Insurance.

ArmsCare Plus Firearms Insurance has been created especially for NRA members to provide extra protection for your legal firearms. If the total value of your firearms and accessories is over $1000, this policy is what you are looking for. ArmsCare Plus provides up to $1,000,000 additional protection for your firearms including the $1000 protection you receive with your NRA membership. This coverage is provided for all your legal firearms and covered accessories for the low annual cost of $1.74 per $100 of coverage. Click here to apply for ArmsCare Plus Firearms coverage today!

[Archie]

Just simply 'clean' Colts from the 1950s are very desirable one at a time and without boxes and stuff. 'Unfired' pistols are worth more, and 'New in the box' are still more valuable.
Consecutive serial numbered pistols have always been worth more than simply 'two of them', but I can't give you a percentage factor. Ten to twenty percent wouldn't be out of line. However, you have FOUR in consecutive order? Not two sets of consecutive numbers? That's another order of magnitude higher.

Oh. Write a letter (and send money) to Colt and get a shipping history of the guns involved and letters of authenticity. It will cost you something, but you'll make the cost back if you sell them.

I suggest you get a copy of the latest "Blue Book of Gun Values". Look up the value shown for one each of what you have. Multiply by four (obviously) and then probably double that for an insured value.

Whatever you paid for them should factor into this, too. I'm sure you don't want to advertise your cost, but keep it in mind.

Just out of curiosity, did you save a genie from a bottle?

[smgman]

As soon as I get them I will try to post some pictures . It started I was going to buy a pair and then I asked about 4 with consecutive serial numbers and was told no problem so I had to dig deep and I think it was worth it.

I will say 4 consecutive was no more then buying 2 pair of consecutive.


After I had mailed the payment I was contacted by the dealer and he said to be honest if I did not do as much business as I do he would be thinking about trying to back out . I think he realized he had made a mistake . But lets see what shows up before I get to happy. I should have them this week and will let you guys know ASAP.

I am thinking they may be my 3 year old college fund lol.

Thanks for the help so far guy I will contact colt for letters sounds like it will be worth it .

If anyone has a consecutive set of all matching Singers I would trade lol .

[paul45]

At 1826 you say "you have"........

At 2344 you say "as soon as I get them".......

You also say "if I decide to sell them"...............

You might sell something you don't even have?

[smgman]

At 1826 I said I have them "Inbound" meaning I have purchased them but not received them they are being shipped . I am only looking for info and said "IF" I was to decide to sell them I would post in the proper forum as I did not want anyone to think I was here to sell them . I am planning to keep these for my personal collection and I am only trying to get some info from people who have knowledge of collectable Colts.

My reason as stated for a opinion of value is for a Insurance . I would like to have some kind of idea how much insurance coverage I should get for all 4 guns .

I may sell these guns as I also stated to pay for my daughters College .She is 3 years old so I think you can rule out a sale any time soon .

I am very sorry if I offended anyone with my post.

Just when I was starting to feel like this was a nice friendly place .

[Doran]

1950's pistols have a premium over 1960's and later pistols do to the additional hand fitting still present so soon after WWII. This fitting and advanced metallurgy over previous production made 1950's pistols the favorite choice of many custom gunsmiths when they were still readily available. I would very much like to see pictures of your new treasures.

[paul45]

Sorry to be abrupt. Are these part of the 6 consecutive Commercials for sale on SturmGewehr.com?

[d90king]

Sorry to be abrupt. Are these part of the 6 consecutive Commercials for sale on SturmGewehr.com?


Something seems fishy to me. :scared: Am I the only one that thinks these were way under the money? 1500 for a NIB Commercial from the 50's?!?!?

[paul45]

Read more at 1911Forum. Apparently there are ..........350 of them for sale!!!

[RickB]

You've already bought them, and are asking what they're worth? I'd say you are in the best position to tell us! So, what did you pay?

[paul45]

Prepare for the "invasion of the gun flippers".........................

[d90king]

It appears to be the real deal. The price seems to be very good for consecutive serial numbered NIB Commercials. Wish I wasn't putting money into EBR's right now. :o

[Landman]

That's incredible...350 of them! I wonder where they have been for the last 57 years? I would love to hear the history of them. I also wish I had bought one :(

Read more at 1911Forum. Apparently there are ..........350 of them for sale!!!

[EvenStephen]

Whatever you paid for them should factor into this, too.
What you paid shouldn't have anything to do with it. Keep in mind that your guns will be covered on your homeowner's policy to their full value for most perils anyway. The only limitation is for theft. If you put them on a schedule, you'll likely need a written appraisal. If they're scheduled, they will then be insured "all risk" instead of just the "named perils" for personal property listed in your homeowner's policy. Keep in mind that if you list something on a schedule, you'd better keep the appraisals up to date as that will be the limit you can collect. If they're not on a schedule, you'll collect whatever you can prove they're worth at the time of loss.

[Dreadnought]

What you paid shouldn't have anything to do with it. Keep in mind that your guns will be covered on your homeowner's policy to their full value for most perils anyway. The only limitation is for theft. If you put them on a schedule, you'll likely need a written appraisal. If they're scheduled, they will then be insured "all risk" instead of just the "named perils" for personal property listed in your homeowner's policy. Keep in mind that if you list something on a schedule, you'd better keep the appraisals up to date as that will be the limit you can collect. If they're not on a schedule, you'll collect whatever you can prove they're worth at the time of loss.I know for a fact my homeowner's policy will only cover $2 000 per incident. If you've got collectible guns, you're going to have to get them appraised and schedule rider policies.

[EvenStephen]

I know for a fact my homeowner's policy will only cover $2 000 per incident. If you've got collectible guns, you're going to have to get them appraised and schedule rider policies.
The limitation in a homeowner's policy is for theft of guns. If they're destroyed in a fire, for instance, there's no limit. Same as the limit on jewelry. This is because your guns and your jewelry are more likely to be stolen than your king size bed or your washing machine, but everything is at equal risk of fire. If your policy limit for theft of firearms is $2000, you're on the HO 00 03 04 91 form which was introduced in 04/91. The newer forms, which end in 10 00 (10/2000) and 05 01 (05/2001) have a $2500 limit for theft of firearms. The April 1991 form is still the most commonly used.

[lmetmort]

The limitation in a homeowner's policy is for theft of guns. If they're destroyed in a fire, for instance, there's no limit. Same as the limit on jewelry. This is because your guns and your jewelry are more likely to be stolen than your king size bed or your washing machine, but everything is at equal risk of fire. If your policy limit for theft of firearms is $2000, you're on the HO 00 03 04 91 form which was introduced in 04/91. The newer forms, which end in 10 00 (10/2000) and 05 01 (05/2001) have a $2500 limit for theft of firearms. The April 1991 form is still the most commonly used.


Correct !! most if not all companies will let you increase the limit usually to about a high of $5,000, but with that increase they usually limit the per piece pay out to $1500. So if you have 2 guns stolen where one is worth 1000 and another is worth 5000. with a limit of $1500/$5,000, you would get the 1000 for the first but only 1500 on the second.....If they are worth a lot, schedule them separately just as you would a fine piece of jewelry

[smgman]

Hello everyone
Sorry I have not posted pictures have been really busy with family issues .
I have the 4 Colts in hand and they are nice . Quick note I found out this past weekend at a local gun show Phoenix Distributors in PA. still has these new 1951 colts for sale . I believe they are asking $1400 for single guns and $4000 for a consecutive serial numbered pair.

I do not have direct contact info for Phoenix but they are on Gunbroker. I would think best bet is to contact them through gunbroker . There seller name is Phoenix_Distributors . There wedsite is http://ph-wholesale.com/Index/ .

The Story I got was 350 of these nib 1951 Colts came from a PD who purchased them new for there department in 1951. I take it these must have been extra guns to be used use as replacments . I imagine the officer issued colts must have been sold many years ago .
Most all of the guns were 100% New in the box with manual and cleaning brush however I did see a few that had some minor handling marks and a few others that looked used . The most wear I saw would have rated somewhere around a 85% condition gun .

Paul45 well as you can see I was not here to try and sell my guns and yes there will be plenty of these guns being "flipped" but what would you expect when there are 350 of them on the market.
Maybe you should try being nice to new members until you find out what they are here for . I came here to get a opinion on insurance value and discuss my one of my favorite firearms the 1911 . I am a dealer but have no need to use this forum for my business as 90% of my business is class 3 and most of my sales are LE or Military . I am here as a collector not a dealer and would appreciate being treated as a fellow collector.

As for "Flipping" these guns I am not here to sell them and If these guns were not "flipped" by Phoenix or other dealers we would never have a chance to buy them .

Thank you to everyone who IM'd and responded with helpfull info and friendly comments .


Jay

[paul45]

Thanks for the explanation! As a dealer, you would not be a flipper anyway! Do you use a website for your class 3 sales?

[smgman]

Paul
I watch a few forums for class 3 and have sold a few things on Bowers board.
www.sunguns.com . I am working on my website for the business and plan to move into more civilian sales when I get it up and running. You are correct a dealer does not flip guns. I think I understand where are coming from . I am sure there are many who try to use the discussion forum to promote something they plan to sell .

I enjoy reading this forum there is a lot of info here and we all have the same interest . Paul I am sorry if I came off in the wrong way and Hope you have a great holiday season .

Jay

[Steve C]

What you paid shouldn't have anything to do with it. Keep in mind that your guns will be covered on your homeowner's policy to their full value for most perils anyway. The only limitation is for theft. If you put them on a schedule, you'll likely need a written appraisal. If they're scheduled, they will then be insured "all risk" instead of just the "named perils" for personal property listed in your homeowner's policy. Keep in mind that if you list something on a schedule, you'd better keep the appraisals up to date as that will be the limit you can collect. If they're not on a schedule, you'll collect whatever you can prove they're worth at the time of loss.

Theft is a named peril in homeowners insurance. Mysterious disappearance (aka I lost it) would only be covered if they are scheduled.

[1992mustang]

Theft is a named peril in homeowners insurance. Mysterious disappearance (aka I lost it) would only be covered if they are scheduled.
what ever happened to posting the pictures?