Colt Python 1970 - I don’t get it

I've said it before here and elsewhere, I own a S&W .357 because when I went hunting for a .357 revolver back in 78 or 9 the Colt was $200.00 dollars more in price. My Mod 28 cost $225.00 out the door. Would I trade it for a Python? No way in 'ell. Just as I wouldn't trade my 19-2 for a Python. I don't buy a gun, or anything, because of the name on the BBL. For me it's the quality built into the item for the cost. S&W wins that game for me.
 
Video Game??

I sold my only Python 6 years ago at Tulsa, a 4 in. blue that I would rate 90% (holster wear) for $1,400. Came by it 25 years ago at a pawn shop for $400. All this was at the start of the Python craze. I asked a dedicated snake gun collector what all the hoorah was about. He had the usual reasons, but another that I had not heard. There was a very popular video game that featured the Python in high def graphic detail. It was not the only reason, but one of the contributors. All along I thought David Soul in Magnum Force was the only media contributor to the craze, but it's a different era.
 
The revolver in these photos is a Colt "357". The is the immediate progenitor of the Python. 15K were made, and this example (early 1st year production), has all the bells and whistles. This configuration only lasted for a short period of time during the 1st year. It has the Duo-tone finish, rounded end sight leaf, unblued polished muzzle, target stocks and target hammer. Same internals as the Python. This gun in this configuration is rare. So what would you say it would be worth? More or less than Python? I know, it sure isn't as pretty.

The only difference between the 3-5-7 and the Python is the barrel configuration. I don't know what today's market is for a 3-5-7, the last one I remember seeing at a gun show was almost three years ago, asking price then was $1200. I bought an early 6" 3-5-7, in about 90% condition, in the early 1990s for around $200. The .357 Trooper is very close to the 3-5-7, and I also bought one of those back around 2014-15 for $700, but it was in near-perfect condition. It is perhaps the revolver I like the most of all that I own. The 3-5-7 was at one time Colt's top-of-the line revolver. A little later, Colt brought out the Python, and decided it didn't need two TOTL guns, so it pulled the 3-5-7, replacing it with the Trooper, which was oriented mainly toward getting LE sales, almost like the relationship between the S&W Model 27 vs. the S&W Model 28, the Model 28 being the no-frills version of the Model 27. Except my .357 Trooper is fully the equal in fit and finish to my 3-5-7.
 
Last edited:
I sold my only Python 6 years ago at Tulsa, a 4 in. blue that I would rate 90% (holster wear) for $1,400. Came by it 25 years ago at a pawn shop for $400. All this was at the start of the Python craze. I asked a dedicated snake gun collector what all the hoorah was about. He had the usual reasons, but another that I had not heard. There was a very popular video game that featured the Python in high def graphic detail. It was not the only reason, but one of the contributors. All along I thought David Soul in Magnum Force was the only media contributor to the craze, but it's a different era.

Pretty sure the Walking Dead character Rick Grimes had an impact as well as he carries a Python.
 
So out of the blue my local FFL calls me and says you interested in an old revolver?

Heck yeah!

Story is this guy bought this revolver back in 1970, shot it once, cleaned it and oiled it and kept it in the safe. He wants to sell it to someone who will appreciate it and shoot it and not flip it.
Luckily my FFL knows I’m an old school revolver guy as I have gotten some great deals from him over the years
LNIB 15-4 Nickel for $400
Pristine 66-1 2.5” for $600
And others

So he shows me a 1970 4” Blue Colt Python. Rates it 98%

Guy whose selling says he knows these go for big bucks online but wants to deal for the person who will appreciate it

So I ask how much?

FFL says the seller is willing to let it go for
3500-4000

YIKES

So much for the willing to deal part

No thanks

I have a blue well worn 19-3 with Herrett grips I got a few months back for a heck of deal at a gun show for $350
So spending that kind of money for another 4” blue .357 just doesn’t make sense

I knew they were expensive and I was thinking he would offer it for lower but a pipe dream on my part.

What makes these old Pythons so expensive?

True story: The gun about to knock the bottom out of inflated Python prices is....the NEW model Python! It is, by all accounts, a far BETTER revolver with better action, smoother, cleaner, better fitment, and all for the amazing low buy-in of $1,499 MSRP! I just picked up a 4.25" version at Sportsman's for exactly MSRP plus tax or $1,662 out the door for a brand new 2021 Python that is without any doubt far superior to my original 4" Royal Blue model!

You were right to pass...

The person who will pay that kind of vig for a Python is a devoted Python aficionado, not a "shooter."

The new Python however, was designed from the outset to be the "shooter" the original series never was.
 
Who pays that kind of money?

If I was on a limited budget and had a choice between a good quality Taurus or a Colt and the difference was a couple of Franklins I'd get the Taurus. The name Colt doesn't mean that much to me. It's why I bought my first S&W .357 a 28-2. The difference was $200.00 and I just couldn't imagine the the Colt was worth that much more. Still can't. Those two names Colt and Python are not worth the difference in my mind.
 
Pfft. Yeah, Naah. I can get 4-5 nice S&W's for that. I have a new 2021 Anaconda I bought for MSRP. Would like to get a new 2021 Python, too. Was going to buy one a couple weeks ago, but the vendor wouldn't ship. In-Store only.
 
While some here think paying $3000+ for a Python is silly, there are many more folks who think paying $1500+ for a 3.5” 27, or $1000 for a 2.5” 19/66 is just as silly. Then there are those who will happily drop $3500-$5000 for a 1911 that’s still in production, but whine about the price of an early Python or uncommon Smith. It’s all a matter of personal preference and one’s ability to pay for them. I believe in diversity and own a sampling of many brands.

$1000 for a 2-1/2" 66? That settles that. I'm never going to carry mine.
 
Not a Python hater. I'm a lifelong Colt fan.
I've just learned to love many more brands/models as I've gotten older.
 
Just looked at a S&W Model 64-5 on Cabela’s website. Basic shooter, Pachmayr grips, no box. $1300. Either this world has gone mad or I’ve crossed over to another dimension!!!!
 
Sold my "shooter" 4 in 70's era python. For a shooter, am preferring a S&W L-frame with earlier enhanced trigger. The python was extremely accurate, but only in sa. Earlier Pythons were works of art, but not up to the punishment imo. Will readily admit to not having shot the 2.5 inch pictured. While it's net worth may have dropped a little about 5 years ago, it be worth well more than $450 (if memory serves) paid for it. And it's worth is climbing again.
 
Back
Top