I ran across one in a local shop and wanted to know if it has any value or is worth the $400 the shop is asking.

The only mod I found on it is a collapsable (sp?) stock. Appears to be an SD model with the round fore grip. Comes with one 22 round mag. Looks to be in good shape. Like the looks of the Ti receiver.

I bought one of these Ti 1st year anniversary SD's back in '09 for $450 and just left it in the box in case my GSG-5 carbine ever craters.  Does this used one have the replacement ATF-approved can on it?  If not, you'll have to go through the effor to get it replaced.  I'd offer the shop $350 for it.

You don't want to stir the pot on the "titanium finish" around here.  Most folks hate it because it is apparently easily damaged by certain cleaners (and the after-market sliding stock will definitely scrape off the finish in that rail groove if it hasn't already done so).

The GSG-5 SD is a classic design and more desirable than the new GSG-522 SD because it looks more like the MP5.  It's up to you.

Stopped back by there today with $350 cash in my hand. But I had to take another look at it to check for some things I learned on here.

First thing I did was look at the fake suppressor to see if it's the newer version. To my surprise it just threaded right off.

At this point I give it back to the shop and say I cannot buy this it is a SBR. Shop owner "no, no it's not is a pistol and I just have to sell it as so"

I said no thanks and recommend he removed the sliding stock before ATF walked in and seen it like this. He laughed and said they have already seen it and dont care.

It's his problem now I don't want any part of it.

All in all I would probably SBR one some time in the future and run a suppressor on it but not right away.

The barrel was about an inch past the cocking tube.