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Colt single action 45 value

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  • xbassman

    Semper Paratus
    Feb 3, 2015
    44
    11
    Groesbeck, Texas
    Need an approx value of my Colt 45 single action "first edition". All functions work, patina shows in photos, grips have defects, called a peacemaker?? Serial #170376. Thinking buyer if I sell it would be a collector. Semper Paratus
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    Hurley's Gold
     

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    V-Tach

    Watching While the Sheep Graze
    Lifetime Member
    Sep 30, 2012
    8,895
    96
    Texas
    Serial number dates it to 1897. Do you have a Colt letter on it, by chance? Without actually examining it in person, only a rough guesstimate is possible...lock up? end play? Has it had a trigger job? Original grips (look like it) but are chipped....I would expect the bore to be dark and possibly frosty...All original unmolested Colts will bring more. Condition, condition, condition......a factory Colt letter will tell you how (configuration) it left the factory, when and where (and possibly to whom) it was shipped....and if it has ever been returned to Colt for repair...
     

    TexasRedneck

    1911 Nut
    Lifetime Member
    Jan 23, 2009
    14,560
    96
    New Braunfels, TX
    There's plenty of signs of corrosion/removed rust (pitting) all over that gun, beyond the broken grips. For me, it'd be a hard pass - but others might want it.
     

    just country

    Active Member
    Dec 9, 2019
    279
    11
    Texas
    morning, there is a book at colt that has the serial #'s
    of all single action colt's produced from original manufacturing.
    a lawyer friend of mine had a single action colt that was
    passed down in family. I was asked to research the
    serial #. in researching the # number i found the
    colt was worth $25,000, if the serial # had been one
    more digit the pistol would have a value of $50,000.
    Tip Burns a smithy at canyon lake has this book.
    the pistol mentioned above was owned by
    a family east of jourdanton TX. the person owning
    the pistol said this family used the pistol in a
    fight with Indians in that area. the pistol
    was fired 1 round. justme gbot tum
     

    V-Tach

    Watching While the Sheep Graze
    Lifetime Member
    Sep 30, 2012
    8,895
    96
    Texas
    Just by the serial number in a book it was worth 25K? Who appraised it?

    A family story adds nothing to the value if there is not direct irrefutable evidence to prove the story....

    Was worth 25K? Or could have been worth 25K? Something in your post just doesn't add up to me.....not saying you're wrong, just maybe you missed posting some relevant information...
     

    Moonpie

    Omnipotent Potentate for hire.
    Lifetime Member
    Oct 4, 2013
    24,100
    96
    Gunz are icky.
    Yep. Unless it has provenance it just a brown gun.
    As it is I’d guess $1.5-2k.
    Nice old gun tho.
     

    Geezer

    Mostly Peaceful
    TGT Supporter
    Jul 23, 2019
    5,220
    96
    Silsbee, Texas
    Just by the serial number in a book it was worth 25K? Who appraised it?

    A family story adds nothing to the value if there is not direct irrefutable evidence to prove the story....

    Was worth 25K? Or could have been worth 25K? Something in your post just doesn't add up to me.....not saying you're wrong, just maybe you missed posting some relevant information...
    I have always heard, "Buy the gun, not the story."
     

    TexasRedneck

    1911 Nut
    Lifetime Member
    Jan 23, 2009
    14,560
    96
    New Braunfels, TX
    A Colt Peacemaker in MUCH cleaner condition, with KNOWN provenance to Charles Goodnight, sold for $32k at auction two years ago. That's known fact, as I was there to bid on it for my wife, who's his great-niece. The gun was expected to go for 10-15k, but an unknown phone bidder and another collector present at the auction drove the price up. As it turns out, we know the buyer - let's just say that it remains in the family.
    So I have serious doubts as to that gun being worth $25k - but if you'd like, I'd be happy to verify your story w/Tip (he owned Canyon Sporting Arms, and he was not only my gunsmith for a number of years, but we bought his machining and bluing equipment from him when he closed his shop.
     

    just country

    Active Member
    Dec 9, 2019
    279
    11
    Texas
    morning, yes Tip is a very good smithy. I really miss going
    their and shooting the bull. both Tip and his dad r very nice
    people. Tip has the colt appraisal book. did he see the
    colt no. we looked up the serial #. I saw the colt in person.
    very clean, no pitting. had the original loaded cartridges
    with the colt. 1 was shot. the 1 cartridge was shot
    at Indians.from what I heard Tip
    works for mauser arms and does some of there
    smithy work. last time I talked to him he gave his
    FFL back to the batfe. we both did. all the custom rifles
    I have Tip built them. I use Pete Pheiffer in hempstead
    TX. a good friend of TIP. I think Tips son
    also works for Mauser. used to take him a bottle
    of jack daniels for Christmas. I do not know if Tip would
    remember the question. possibly. ask him if he built
    a 250sav. octagon barrel on a win. model 70 short action.
    he built that for me.
    justme gbot tum
     

    skfullgun

    Dances With Snakes
    Oct 14, 2017
    5,430
    96
    In the woods...
    Another vote for Tip Burns as a good guy and great gunsmith. I met him when he and Donna lived down in South Houston and even drove up to Canyon Lake a few times to do business. Last I heard he was working for Blaser.

    As for the Colt, there are lots of variables. In general, I would say $1,800-$2,800 to an interested buyer. I've got a couple and would suggest you opt for a letter.
     

    TexasRedneck

    1911 Nut
    Lifetime Member
    Jan 23, 2009
    14,560
    96
    New Braunfels, TX
    morning, yes Tip is a very good smithy. I really miss going
    their and shooting the bull. both Tip and his dad r very nice
    people. Tip has the colt appraisal book. did he see the
    colt no. we looked up the serial #. I saw the colt in person.

    We're not talking about the same gun, then - the gun in the OP's post is heavily pitted, and has obviously been stripped - both of the rust AND the remaining finish. So your $25k "appraisal" has zero application to the gun at hand......
     

    Vaquero

    Moving stuff to the gas prices thread.....
    Staff member
    Moderator
    Apr 4, 2011
    44,206
    96
    Dixie Land
    We're not talking about the same gun, then - the gun in the OP's post is heavily pitted, and has obviously been stripped - both of the rust AND the remaining finish. So your $25k "appraisal" has zero application to the gun at hand......
    Nope, yer not talking about the same gun.
    JCs post refers to a different gun. His "referenced above" comment refers to the once fired specimen in his post, not the one in the OP. I could be wrong in my interpretation.
     

    TexasRedneck

    1911 Nut
    Lifetime Member
    Jan 23, 2009
    14,560
    96
    New Braunfels, TX
    Nope, yer not talking about the same gun.
    JCs post refers to a different gun. His "referenced above" comment refers to the once fired specimen in his post, not the one in the OP. I could be wrong in my interpretation.

    And that was where the confusion started....we were talking about one gun, but his post (being hard to decipher) had me (and obviously several others) thinking he was trying to opine a $25k potential value on the gun in question. I just didn't want the OP to be thinking that number and have them offer him the gun at a "bargain" price of $10k, and him jump on it.....lol
     

    Vaquero

    Moving stuff to the gas prices thread.....
    Staff member
    Moderator
    Apr 4, 2011
    44,206
    96
    Dixie Land
    And that was where the confusion started....we were talking about one gun, but his post (being hard to decipher) had me (and obviously several others) thinking he was trying to opine a $25k potential value on the gun in question. I just didn't want the OP to be thinking that number and have them offer him the gun at a "bargain" price of $10k, and him jump on it.....lol
    "hard to decipher" is being pretty generous of you.
    I do love a challenge though.
     

    just country

    Active Member
    Dec 9, 2019
    279
    11
    Texas
    morning, I have noticed that some of the supporters
    on this site jump on new members for dumbness reasons.
    I tell stories from my past that I encountered.
    the long colt 45 story is printed under the colt.
    Tip and I looked up the serial #. the colt is in
    very good condition. that is what the book
    quoted. I am not saying the long colt is worth
    $25,000. that is what the colt book quoted.
    I told u my profession. the typing is MY style.
    if u do not like my printing DON'T READ MY POSTINGS.
    hen house clucking. justme gbot tum
     

    just country

    Active Member
    Dec 9, 2019
    279
    11
    Texas
    And that was where the confusion started....we were talking about one gun, but his post (being hard to decipher) had me (and obviously several others) thinking he was trying to opine a $25k potential value on the gun in question. I just didn't want the OP to be thinking that number and have them offer him the gun at a "bargain" price of $10k, and him jump on it.....lol
    I did not say this colt is worth the monies amount. I was referring
    a different colt and the serial # in the colt book.
    hen house cluck cluck cluck. justme gbot tum
     

    oldag

    TGT Addict
    Feb 19, 2015
    17,425
    96
    Looks to me to be in pretty good shape for its age. You are not going to find more than a handful of revolvers that age that have no corrosion.

    I have seen many much worse that were not anywhere nearly that old.
     
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