Colt prewar group of handguns

Floyd58523

I have an opportunity to purchase from a gun dealer that I have worked with for many years. He had 5 Cold prewar handguns (no Pictures) they are Official police, heavy barrel officers, target and two others. 2 have boxes and all paperwork. They were purchased from an elderly widow and appear to be unfired. No turn rings, no blueing loss on guns. Minty. Blue book at 98% would price them at $ 4500. He will sell them to me for $ 3500 plus tax. I would grade them above 98% guns. Is blue book accurate for pricing on older colts? They are from the mid 30s. Not much info to go on but would like advice. I have check past auctions, nothing to go on.
Thank you

rufe-snow

Times are tough now for lots of folks. Pre war Colts in the condition you describe are blue chip items, though. If you have the money buy them.

perry shooter

Colt Handguns are among the most collected hand guns. [^]However most likely 95 plus % of small to medium collections are made up of Colt semi auto pistols with the 1911TYPE at the top of this list and revolvers with Colt SAA and large frame Modern double action revolvers. This leaves a very small number of people collecting The type of pistols you are offered. I for one would pass on this deal unless you have lots of spare $$ or lots of time to find that right buyerif you want to FLIP these guns now or if you want to start a LARGE collection yourself. Remember the number of people looking for this type of pistol is decreasing every year. Just my $.02

Grasshopper

Remember the number of people looking for this type of pistol is decreasing every year. Just my $.02


This so true...I would pass also as reasons stated above,,which imo is just plain correct.

Spartacus

I would buy, but haggle a little with price. as already mentioned, this is a buyers market and the seller would be thrilled to move the guns as a package.
i'm betting he paid $2500 for them, so $3000 for the package would give him $100 per gun profit. i think that's fair for all concerned.
just my 2c
tom

Floyd58523

Thank you for the advise. I have been accumilating different types of guns for the last 15 years. The first 100 were anything and everthing. I have been accumilating colts, smiths and Winchester last few years. First guns I purchased conditions wasnt the issue, now I pick up guns that are minty. I dont sell the good ones only in my mid 40's and will hang on to them. I have seen the lower quality guns only lose value and the good stuff has moved up.
Thank you. I will talk with him and see what he will do. I only looked at them for a minute. Didnt care what type they were only they were colt and minty. Now down to haggling.