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

[Breadman1]

It’s a $1500 gun in Southern AZ with no box.

 

[22hipower]

By comparison with some that price doesn't sound too bad. I saw what may have been a ANIB Colt BOA today at our local Scheels. It was tagged at only $35,999.99. They also had a set (26) of Colt 1911 ELs, all in 38 Super. Asking price was a mere $249,999. I didn't take either package home.

Jeff
SWCA #1457

 

[robvious]

I hope the prices hold up until I have to cash out my 401G...

 

[A10]

800 for the gun, 1700 for the pony.....

 

[jeffrefrig]

Someone put on consignment 2 Colt 1911s. Both WWI, 5", One made in 1915 ($3000), the other is still there, made in 1914 ($3500). The shop owner said something like they're all original. They definitely show their age and use but not bad condition, but I think my wallet wouldn't talk to me for a month! I suppose the 2nd one will sell someday, but it's been in there for quite some time.

 

[petepeterson]

Someone put on consignment 2 Colt 1911s. Both WWI, 5", One made in 1915 ($3000), the other is still there, made in 1914 ($3500). The shop owner said something like they're all original. They definitely show their age and use but not bad condition, but I think my wallet wouldn't talk to me for a month! I suppose the 2nd one will sell someday, but it's been in there for quite some time.

Everyone has different tastes, but I rather spend the dough on the Gold Cup than a WWI relic. I get the collector value thing, but that's a lot of cash for a surplus gun.

 

[BE Mike]

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.

 

[jeffrefrig]

My $400 Tisas is fine for me. I could have a guided bullet and I’d miss. Those Gold Cups up above are nice looking guns. You guys make me jealous!

 

[Grayfox]

Nice to know that my 1979 GCNM is worth that these days. But it ain't for sale.

There's one gun store here that always has some nice Colt 1911s and revolvers. But they're mighty proud of 'em. That price would be about normal for them.

 

[TheHobbyist]

I paid around $ 1,600.00 for my pre-series 70 GCNM, around 2013 (?).

Inflation calculator online put it around $ 2,175.00.

Shops can charge whatever they want, go find another in stock in your town for sale, ya know?

There isn't a whole lot of cool stuff for sale locally anymore because everything has been online for a long time now.

 

[Echo40]

Colt prices shot up into the stratosphere after CZ bought them out.

Great for those who own them, bad for those who don't.

Personally, I don't care, I'm a Smith & Wesson guy, and at the prices Colt 1911s are going for these days, you can get a much nicer, higher end 1911.
If I had that kind of money to blow on a 1911, then I'd buy a Les Baer, no way am I spending that kind of money on a Colt.

If I just absolutely had to Games have a 1911 with Colt's name on it, then I'd by one of the .22s made by Walther for $300 and call it a day.

 

[havesw]

Everything is crazy expensive now.
I can remember getting a full size candy bar from a machine for a nickel.

We took a little road trip a few weekends ago and found ourselves poking around an "Antique Store". Funny thing was, the place was chock full of stuff from our childhood.

It sure didn't used to be like this!

5 cent candy bars yep....How about $36 a night and they left the light on for ya.

 

[Golddollar]

This thread got me to thinking about my Gold Cup that the Colt web site stated was made in 1978 and I picked it up used in 1989. I pulled the Bill of Sale and everyone would gag at what I got it for. Tax time was coming up and the owner needed some quick cash for this taxes. I think it's time to bring it out of the safe and play with it.

 

[CH4]

Here are my latest Series 70 GCNMs.
Blue 1982 - $900ish.
Coltguard 1981 custom shop - traded into it for about $3000

Not interested in any GCNM after 1982.

For the price of a new GCNM, I’d rather buy a DW or LB, etc.

 

[6string]

There seems to be a confusion of perspective.

Is it really a case of how high the prices are for used guns, (ie: an increase in value)?
Or, is it more of an example of how worthless the DOLLAR has become?

We notice it with guns because this is a durable, rather than disposable or consumable, product.

 

[AJ]

I went shooting last Friday and I always take a gander in the used gun display cases at our local gun shop & range. They usually have a nice selection and so far every gun I have seen in there has been in excellent condition. So far my shooting Bud's have purchased 3 of them - all excellent and at reasonable prices.

I spied a beautiful Colt GCNM 1911 (45acp) in like new condition, no box or papers. I asked to see it and after examining it, it appeared as good on the inside as it did on the outside - pristine. The trigger was a typical sweet, light and crisp GC trigger. It was made in the mid 1970's but when I looked at the tag it was marked $2,500 bucks! I have the identical gun made in the same time period and although it is my all time favorite range gun I never realized the mid 70's Gold Cup NM commanded that sort of price - used! So the guy behind the counter said even at the $2,500 marked price he did not expect it to last very long and there was no wiggle room. One of my friends was looking for that exact gun and thought I'd inquire for him. Don't get me wrong, I think the world of the Colt 1911 GCNM from that particular era and would highly recommend it, but since a brand new Colt GC runs about $1,300 I was blown away at this price! The salesman also said they have sold similar Gold Cups from that vintage era in lesser condition for just slightly less.

Well....... I suppose it's nice to know that when my shooting career comes to an end (hopefully many years away) at least I have a few that will command some nice bucks!

Makes me glad I bought mine over 15 years ago. I picked up a Colt GCNM Series 70 made in 1975 in .45 AC and a Colt Conversion Unit in .22LR for $1000.00 at the LGS. Makes me happy every time I shoot it.

 

[Jack Flash]

I have to agree with the question posed above to the effect that
"Where else in town can someone find one in that condition that he can examine with his own hands and buy on the spot?"

Someone will decide (possibly somewhat impulsively) to buy it before his money is even more devalued.

It's breathtaking how fast inflation is driving up prices. Does anyone think it is going to stop any time soon?

 

[ladder13]

It’s called inflation.


For example $1,000 in 1980 = almost $4,000 today.

How Much is $1,000 in 1980 Worth Today?

 

[silicosys4]

right now we are at a strange confluence. We are moving into a buyers market from a sellers market and some people are still clinging to the prices they were seeing two or three years ago....except as older people pass and the number of buyers shrinks, and a failing economy forces people to sell, prices are naturally falling.
Not to mention some people operate online with a local market mentality. Regional pricing has no place on the WWW, where lower priced goods are just as accessible.

 

[H Richard]

Got this one about 40 years ago. Has fairly extensive custom work done; Kart barrel, NM bushing, fitted frame to slide, checkered front strap, and the accuracy is outstanding. Used it to qualify for my CCL last year, again, and only dropped 8 points. (Didn't used to drop any, but I'm 83 now). Wonder what my children will get when they sell it, cause I won't.