COLT GCNM 1911 - USED (for sale) PRICE BLEW MY MIND!

[AJ]

My Gold Cup is the one in the back. The other M1911 is one that I built with a NM barrel and bushing, the slide fits tighter than the Gold Cup's. The stainless is a Ruger SP1911 in 10MM. The other two are both .45ACP's.

 

[Patrick L]

I paid $500 for a used Series 80 GC in 1993 that had had a full accuracy job done. Kart barrel, tight NM bushing, all tightened up, etc. I have the 50 yard Ransom Rest target it was tested with.

 

[ralph7]

I paid $500 for a used Series 80 GC in 1993 that had had a full accuracy job done. Kart barrel, tight NM bushing, all tightened up, etc. I have the 50 yard Ransom Rest target it was tested with.

Pic of the target!

 

[45Smashemflat]

I have several 1911s but only one Colt. It’s a NRM Series 70 with a lot of Novak work done to it. Shoots great, not sure I would spring for the GC in the OP given the cost and what I already have.

 

[SGT ROCK 11B]

Or, is it more of an example of how worthless the DOLLAR has become?

Dollar is just paper. No Gold Standard here.

In 1964, a new car cost $3500 on average. Let’s say you had 3500, silver dollars from back then. Today, a new car with an average cost of over $30,000 will only require you to give up around 1000 of those silver dollars!

The average cost for a home in 1964 was $19,000, which required 15,000 ounces of silver ($1.30/oz) to purchase. Today, you would only have to give up 9,000 ounces of your stash – and that’s even after you factor in the average cost of a home now being $263,000. At $32/oz, your 15k ounces of silver is worth roughly $480,000!!

 

[LVSteve]

Dollar is just paper. No Gold Standard here.

In 1964, a new car cost $3500 on average. Let’s say you had 3500, silver dollars from back then. Today, a new car with an average cost of over $30,000 will only require you to give up around 1000 of those silver dollars!

The average cost for a home in 1964 was $19,000, which required 15,000 ounces of silver ($1.30/oz) to purchase. Today, you would only have to give up 9,000 ounces of your stash – and that’s even after you factor in the average cost of a home now being $263,000. At $32/oz, your 15k ounces of silver is worth roughly $480,000!!

The number I see most often is the median house price. It is now something over $405,000.

 

[AJ]

Dollar is just paper. No Gold Standard here.

In 1964, a new car cost $3500 on average. Let’s say you had 3500, silver dollars from back then. Today, a new car with an average cost of over $30,000 will only require you to give up around 1000 of those silver dollars!

The average cost for a home in 1964 was $19,000, which required 15,000 ounces of silver ($1.30/oz) to purchase. Today, you would only have to give up 9,000 ounces of your stash – and that’s even after you factor in the average cost of a home now being $263,000. At $32/oz, your 15k ounces of silver is worth roughly $480,000!!

At your quote on silver, I have a bunch to sell you..........

Live Gold & Silver Spot Price Charts | APMEX(R)

 

[Sgt. Buzzard]

OK, I understand the inflation thing but here's reality. You croak tonight and when the wife or kids take that near mint NM to the LGS they say,

"well it's 50 years old and really needs cleaning before we display it and nobody wants a heavy steel gun anymore. We'll give you $225. because you have the box"

 

[chief38]

BTW, I meant to post the follow, but I forgot to.

The Colt GCNM did sell shortly after my original post. Supposedly for the asking price of $2,500.00!! Waddaya know - they were right.

 

[AJ]

OK, I understand the inflation thing but here's reality. You croak tonight and when the wife or kids take that near mint NM to the LGS they say,

"well it's 50 years old and really needs cleaning before we display it and nobody wants a heavy steel gun anymore. We'll give you $225. because you have the box"

This why I have a book with all the guns listed. In it is what I paid for the piece and current value. Also instruction to look at Gunbroker to see what they have sold for. Further I have told them to not repeat not sell them to a gun shop. Heck, I even have a card catalog on my reference books with the buy prices and current value prices.

 

[AJ]

BTW, I meant to post the follow, but I forgot to.

The Colt GCNM did sell shortly after my original post. Supposedly for the asking price of $2,500.00!! Waddaya know - they were right.

They knew their market and what it would bear.

 

[CA Escapee]

Many, many years ago, I owned a Series 70 Colt GC National Match. I bought it new. It was not the kind of pistol one wants to shoot any matches. I suppose a Colt collector might want one in his/ her collection for $2,500, but for something to actually shoot, there are a lot of finely tuned 1911's out there that will shoot rings around it. Rock River Arms comes to mind.

Years ago I bought an '81 GC from an estate. It had been shot a little and had light scratches on the right side, (left-handed shooter?,) so it wasn't collectable.

I mainly used it shooting at bullseyes with target loads. Then, I got a Performance Center 1911. Much tighter, with a better trigger. Sold the GC.

The back story on the GC is that it came from the estate of Clive Mclean, (yes, that Clive Mclean,) when his widow sold it.

Still got the Performance Center 1911.

 

[don5]

I bought one when my son was 3. It is a brand new series 80 blued NMGC. It still has the hang tag. The dealer asked me not to slide the slide back as the slide had never been pulled back. Needless to say it was new. Still in the plastic bag and in the blue case with all paperwork. My son is now 25. I showed it to him when he was 21. I told him it was his to shoot if he wanted. Since I have other 45s he has never shot it. It is in a gun safe with dehumidifier. The gun looks like it did when I bought it. I have never touched the bluing. I have no idea what it is worth nor do I care. I have other Colts I can shoot along with S&Ws.

 

[Mike SC Hunter]

Many, many years ago, I owned a Series 70 Colt GC National Match. I bought it new. It was not the kind of pistol one wants to shoot any matches. I suppose a Colt collector might want one in his/ her collection for $2,500, but for something to actually shoot, there are a lot of finely tuned 1911's out there that will shoot rings around it. Rock River Arms comes to mind.

I agree......I wouldn't trade my Arman Swenson accurized GM for any of them.........Liker you said lots of other 1911's will shoot equal to the GC.

 

[SweetMK]

On a National Match Gold Cup, does " BSTS " as the finish enhance the value??

The gun is a monster to try to take a picture of,, because of the polish.
Even the magazine is bright polished.
AND, the trigger and hammer are "jeweled",,

The third pic are my other National Match Colts,,

The box for the second one down says "Enhanced"
I wonder what is enhanced,, ?? the hammer is different, Hmmm,,

The third one is the Delta 10MM
The forth one?? Someone really modified that one!!

 

[AJ]

I agree......I wouldn't trade my Arman Swenson accurized GM for any of them.........Liker you said lots of other 1911's will shoot equal to the GC.

Been to Swenson's shop in Fallbrook. I do believe that a piece accurized by him would cost more than a NIB Gold Cup at the time.

 

[Vettepartz]

I have a GCNM from 1982 that was originally sent as a blued gun in a large batch to John Jovino in NY. He would take these guns and send them out for the electroless nickel plating and ad different sights. I bought this from a friend many years ago who ordered it from John Jovino. It has the original box with a modded label on it. I wonder if it has any value.

 

[AJ]

I have a GCNM from 1982 that was originally sent as a blued gun in a large batch to John Jovino in NY. He would take these guns and send them out for the electroless nickel plating and ad different sights. I bought this from a friend many years ago who ordered it from John Jovino. It has the original box with a modded label on it. I wonder if it has any value.

Need pictures,

 

[AJ]

On a National Match Gold Cup, does " BSTS " as the finish enhance the value??

The gun is a monster to try to take a picture of,, because of the polish.
Even the magazine is bright polished.
AND, the trigger and hammer are "jeweled",,

The third pic are my other National Match Colts,,

The box for the second one down says "Enhanced"
I wonder what is enhanced,, ?? the hammer is different, Hmmm,,

The third one is the Delta 10MM
The forth one?? Someone really modified that one!!

View attachment 696615

View attachment 696616

View attachment 696617

Like them shiny guns, don't ya!

Mine, Ruger SR1911 in 10 MM ported.

 

[Vettepartz]

Here's some pictures of the electroless nickel. It's hard to photograph this color finish, so I tried 2 different color settings.