Lynx Defense

Colt Cobra Agent value?

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  • mitchntx

    Sarcasm Sensei
    Emeritus - "Texas Proud"
    Jan 15, 2012
    4,117
    66
    Waco-ish
    A friend is in a bind for cash and he offered to sell me a pair of Colt Cobra Agents, snub nose and a shrouded ejector rod ... one blue and one polished.

    Both unfired.
    They are in a Colt box, but the wrong box.

    Serial numbers date to 1974 for the blued and 1973 for the polished

    Owner claims these are $1K guns ... I'm thinking closer to $700.



    He also has a Cimmaron 45LC with a 10" barrel ... Wyatt Earp commemerative.
    Unfired ... in the original box with papers.

    He claims it's a $700 gun ... I'm thinking maybe $400.


    What say you TGT?
     

    Texasjack

    TGT Addict
    Jan 3, 2010
    5,867
    96
    Occupied Texas
    Your estimates look a little high. A quick look at Gun Broker shows few Agents close to $700. Cimmaron is also not a highly desired brand - ok, but not collector quality.

    If it was me, I'd probably tell him I have to pass and leave it at that. Guys who believe their stuff is worth a fortune, but they're also broke, are guys who will always struggle financially. Otherwise, if it was a good friend, I might offer to take them as loan collateral.

    I've seen some folks get great deals from someone's hardship. I've never gotten lucky like that. I have bought a few guns from friends going through hard times, and I probably paid a little more than it was worth, but they did need help, and in at least one case I ended up with a pistol I really enjoy.
     

    mitchntx

    Sarcasm Sensei
    Emeritus - "Texas Proud"
    Jan 15, 2012
    4,117
    66
    Waco-ish
    Called an FFL friend of mine ...

    98% blued Colt Cobra Agent books at $850
    98% polished Colt Cobra Agent books at $1150

    Real world values are probably 80% of that.
    I figure without the box, even unfired, the value is hurt.

    I've shared this info with my buddy and he said he'd probably keep them and take them to a gun show this weekend and see what happens.
     

    Dawico

    Uncoiled
    Lifetime Member
    Oct 15, 2009
    38,006
    96
    Lampasas, Texas
    I think he's going to be disappointed.

    Loan collateral at what you think they are worth is the best way to keep the friendship in tact at this point. Plus the lower price will make it easier for him to pay back.
     

    Geezer

    Mostly Peaceful
    TGT Supporter
    Jul 23, 2019
    5,220
    96
    Silsbee, Texas
    I think he's going to be disappointed.

    I agree. If he comes to around $650, +- $50, he can probably sell the Colts. He will still have to find the right person.
    That Cimarron will be hard to sell at $400.
    These are just my opinions.
     

    mitchntx

    Sarcasm Sensei
    Emeritus - "Texas Proud"
    Jan 15, 2012
    4,117
    66
    Waco-ish
    I think he was, but we are friends and will remain that way.

    I've found that a transaction between friends has a way fading butt-hurt feelings.

    But a loan is a completely different animal.
     
    Every Day Man
    Tyrant

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