Confirm Action

Are you sure you wish to do this?

Confirm Cancel
Member Login
Page Handguns » Colt
Site Notices
1/25/2018 7:38:29 AM
Posted: 11/26/2003 6:47:55 AM EST
[Last Edit: 12/8/2003 6:15:13 AM EST by HardShell]
This is from a gun collection, part of an estate with which I am helping a friend. Basically, I am trying to establish a fair market value for each item. That whole story is in another thread, if you are interested:


This pistol is decribed by the owner's family as:

Colt, MK4, Series 80, Government Model 380, Serial # RC41XXX

My most current copy of the Blue Book describes this pistol as ".380 Government Model Series 80, Blue Finish (finish disc. in 1997)" It places the value at $360 for 100%, $235 for 95%, $215 for 90%, etc. As you can see from the pictures below this Colt is in very good condition with little overall wear, with the exception of something resembling glue on the metal in a couple of places (especially the ront end of the dust cover - but I don't think it really shows up in the pictures). It has the original box (in rough shape & minus the top half of the styrofoam insert) and papers. I suspect that it would rate on the upper end of the percentage scale in spite of the "glue(?)," but I am no good at assessing those percentages. I would appreciate any advice on how to evaluate/price this firearm fairly. I would prefer to avoid the hassle and expense of having these firearms professionally appraised, but I would like to be in the right ballpark when I establish the values.

As it is, I am thinking $215 for this pistol - does that seem fair?

Based upon the comments below and others, I am amending this estimate to $325, in spite of the "goop" (which I will leave to the buyer to remove). It probably will not be for sale, but like I said above I want to establish a "fair" price, regardless.

Link Posted: 11/26/2003 7:08:07 AM EST
[Last Edit: 11/26/2003 7:10:03 AM EST by SGB]
I'd start at $300, you can always go lower but never go up

And here is a good place to list it for sale Handguns for Sale in the Equipment Exchange
Link Posted: 11/26/2003 7:56:03 AM EST
Also, do you think I should try to remove the "goop" or leave that to the purchaser (making sure, of course, that he is fully aware of it beforehand)? I'd love to know whether or not it's going to mar the finish, but I'd also hate to do anything to devalue the gun before it is sold...
Link Posted: 11/26/2003 8:45:26 AM EST
a NIB Colt .380 for $215? too low my friend, do not give it away!

Link Posted: 11/26/2003 8:19:51 PM EST
Don't remove the "goop", it lowers the value if you do. Also you need to list it for more than $215 for sure. It's a NIB Colt.
Link Posted: 11/26/2003 8:52:44 PM EST
Between $400 - $500 for a good used w/2 mags and $600. for a NIB example.
Link Posted: 11/27/2003 3:42:22 AM EST
[Last Edit: 11/27/2003 3:47:37 AM EST by anothergene]
An estate sale price should not be interchanged with full retail book price, IMO.
Not pennies on the dollar either, but being priced at $215 seems very low.
$300-$325 would be a fair range in reality, darn the books or what a dealer would give you.
This gun, in 1987 sold for $340 list price, perhaps under $300 actual price.
It would be up to you to price 'em to move or hold out for top dollar.
They are listed at gunbroker.com in the mid to high 400 range, but these are dealers.
Page Handguns » Colt
Top Top