The Down Range Forum

Member Section => Down Range Cafe => Topic started by: kilopaparomeo on February 26, 2010, 04:26:34 PM

Title: Wish me luck!!
Post by: kilopaparomeo on February 26, 2010, 04:26:34 PM
Was approached by a hunting/flying buddy to help his father-in-law who is helping an elderly gentleman (85 yr old) dispose of his gun collection to raise "retirement" cash.  

I agreed to take a look at what they had (via email) and the descriptions were terrible, e.g., one gun was labeled M1 Enfield and another Colt .38.

After asking lots of questions, getting (really bad quality) pictures and spending around 15+ hours researching, organizing, identifying, verifying, I have created a nice spreadsheet for the gentleman that details everything I know about the guns, their history and a low and high value range based on lots of internet searches.

My buddy's FIL asked if there is anything I would want to bid on.  Most of the guns are "hunting" guns (Remchesters), however almost all look to be in good shape and were bought 1950's and 1960's.  There's a few I'd love (Win 1895, S&W M1917), a few I already have (M1903A3s, Enfields), a few that my buddy is going after and a few decent guns (S&W M37 Airweight, pre-64 Win94, unfired Belgian Browning BAR, an early Ruger Single Six) that I'll bid for.

There are 3 however that really caught my eye.  All appear to be in very nice shape.  I'll see them hopefully in a few weeks.  Biggest issue is now that the gentleman has seen my valuation, he is thinking of getting a consignment house to handle the transaction.  I'm hoping to bid for a group before that happens.

The guns are

1) a 1918 manufactured Colt 1911.  May be a "Black Army".  Looks like it is in very good shape.  Would fit nicely in my US Military collection

2) An 1865 Spencer Carbine in .56-56 Rimfire.  Nice shape also

3)  A Winchester 90 in .22 LR.  I didn't know much about these but they appear to be very collectible and I've always liked the idea of a pump .22.

Sorry for the bad pics...these are all I have to work with also.  Wish me luck in the offer!

(http://i46.tinypic.com/15euurc.jpg)

(http://i47.tinypic.com/1e1ld1.jpg)

(http://i47.tinypic.com/122ofx0.jpg)
Title: Re: Wish me luck!!
Post by: twyacht on February 26, 2010, 04:42:28 PM
Nice kpr, be sure to shop around for an auction/consignment outfit that doesn't gouge the proceeds at incremental levels.

If the "x" pistol is worth $500 or less they take "10%"
"                                 $1000                       "20%"

etc,...

as a former antique junkie who has attended many estate auctions, and similar events, research the market. They often ebb and flow with the times.

Collector/antique firearms may be in an "up" swing in demand or not, I don't know. But the auction/consignment co. doesn;t care, as long as they get the items sold they make money.

Location is also important.

An estate firearm auction/sale in Chicago, won't work as well as in Austin, (as an example).....

Good luck and I hope for your trouble, you can pick one or three and get them at a great deal.

(uh,....put me down as a serious bidder for the BAR) ;D
Title: Re: Wish me luck!!
Post by: tt11758 on February 26, 2010, 05:34:15 PM
Was approached by a hunting/flying buddy to help his father-in-law who is helping an elderly gentleman (85 yr old) dispose of his gun collection to raise "retirement" cash.  

I agreed to take a look at what they had (via email) and the descriptions were terrible, e.g., one gun was labeled M1 Enfield and another Colt .38.

After asking lots of questions, getting (really bad quality) pictures and spending around 15+ hours researching, organizing, identifying, verifying, I have created a nice spreadsheet for the gentleman that details everything I know about the guns, their history and a low and high value range based on lots of internet searches.

My buddy's FIL asked if there is anything I would want to bid on.  Most of the guns are "hunting" guns (Remchesters), however almost all look to be in good shape and were bought 1950's and 1960's.  There's a few I'd love (Win 1895, S&W M1917), a few I already have (M1903A3s, Enfields), a few that my buddy is going after and a few decent guns (S&W M37 Airweight, pre-64 Win94, unfired Belgian Browning BAR, an early Ruger Single Six) that I'll bid for.

There are 3 however that really caught my eye.  All appear to be in very nice shape.  I'll see them hopefully in a few weeks.  Biggest issue is now that the gentleman has seen my valuation, he is thinking of getting a consignment house to handle the transaction.  I'm hoping to bid for a group before that happens.

The guns are

1) a 1918 manufactured Colt 1911.  May be a "Black Army".  Looks like it is in very good shape.  Would fit nicely in my US Military collection

2) An 1865 Spencer Carbine in .56-56 Rimfire.  Nice shape also

3)  A Winchester 90 in .22 LR.  I didn't know much about these but they appear to be very collectible and I've always liked the idea of a pump .22.

Sorry for the bad pics...these are all I have to work with also.  Wish me luck in the offer!

(http://i46.tinypic.com/15euurc.jpg)

(http://i47.tinypic.com/1e1ld1.jpg)

(http://i47.tinypic.com/122ofx0.jpg)


Put me down as a serious bidder for the Enfield.   ;D


Hell, get him to let you put them in the "Classifieds" section of this site and you'll sell them all.....then charge him a small commission.......like the 1911, for example.
Title: Re: Wish me luck!!
Post by: Pathfinder on February 26, 2010, 06:22:29 PM
Don't be shy in flat-out asking to offer on the 1911 separately (or one of the other 2 if that's what you want). Kind of a thank you to you for doing all of that work and alerting him to the true value of the collection.

That 1911 is way cool - MB probably will want it for his Gangster Stuff.

BTW, what the heck is that "clip" reference in the 1911 photo? ? ? ? ?
Title: Re: Wish me luck!!
Post by: kilopaparomeo on February 26, 2010, 07:18:34 PM
Don't be shy in flat-out asking to offer on the 1911 separately (or one of the other 2 if that's what you want). Kind of a thank you to you for doing all of that work and alerting him to the true value of the collection.

That 1911 is way cool - MB probably will want it for his Gangster Stuff.

BTW, what the heck is that "clip" reference in the 1911 photo? ? ? ? ?

Yes, I've invested around 15 hours so far...I'll not do much more until he figures out if I can have first crack at these or if he is going to go through a broker.

Yes, the 1911 is #1 for me, Spencer is #2 and after that I'm ambivalent.  Hope to pick up 6-8 guns out of this.

Clip?  Yes, given that he seems to know some of his guns, that's weird, but then again he was calling some S&Ws "Smith and Weston".  And he called a No 5 Jungle Carbine a "M1 Enfield Carbine".  You never know about some people. 

Title: Re: Wish me luck!!
Post by: Big Frank on February 26, 2010, 07:54:57 PM
It's always nice to see an old M1911.
Title: Re: Wish me luck!!
Post by: tombogan03884 on February 26, 2010, 08:13:02 PM
Looks like an interesting project.
By "M1 Enfield carbine" he may have thought it was a "MARK" 1, (Although I think the jungle carbines were all mark 4's or 5's )

What is a "Black Army 1911" and why is it collectible ?

A guy I used to know inherited 2 Spencers. He eventually sold them since the lack of ammo made them nothing but "wall hangers". (VERY VERY cool wall hangers  ;D  )

PS.  Good luck   ;D
Title: Re: Wish me luck!!
Post by: kilopaparomeo on February 26, 2010, 08:23:55 PM
What is a "Black Army 1911" and why is it collectible ?

A guy I used to know inherited 2 Spencers. He eventually sold them since the lack of ammo made them nothing but "wall hangers". (VERY VERY cool wall hangers  ;D  )

"Black Army" 1911's are from 1918 at the end of WWI when the Army was rushing to get 1911s in service.  They made a simplification in the finishing process and skipped the beautiful commercial grade blue and went to a black finish.  While they aren't as pretty, there aren't many of them and thus they are collectible.

Spencers are wallhangers if you try to shoot the 56-56 rimfire...individual cartridges run about $30 a piece to collectors.  However, there are several people who make replacement breechblocks and allow you to shoot centerfire 56-56.  There are a few makers of the brass.
Title: Re: Wish me luck!!
Post by: tombogan03884 on February 26, 2010, 08:28:11 PM
Thanks KPR.
I didn't know about the replacement breech blocks, the only 2 details I remember were the loading through the butt and the muzzle looked about the size of a municipal sewer pipe  ;D
Title: Re: Wish me luck!!
Post by: m25operator on February 26, 2010, 08:35:01 PM
Been there done that, get your deal solidified, went to an estate sale for a range member, We ( club members ) were to get 1st pick, anonymous buyer bought all the guns unseen, then we went for the sale of the large parts collection and within 20 minutes a buyer bought it all for dirt cheap, 3 pickup truck loads, we could only buy what we had in our hands. Don't play, go for it.
Title: Re: Wish me luck!!
Post by: kilopaparomeo on February 26, 2010, 08:41:53 PM
Been there done that, get your deal solidified, went to an estate sale for a range member, We ( club members ) were to get 1st pick, anonymous buyer bought all the guns unseen, then we went for the sale of the large parts collection and within 20 minutes a buyer bought it all for dirt cheap, 3 pickup truck loads, we could only buy what we had in our hands. Don't play, go for it.

Yeah, that's my fear here.  I did all the work and now that he knows what he has he is thinking through other options.  I'm a third party on this however, since I'm helping a friend, who is helping his FIL who is helping this gentleman.

Ah well, if it works, it works...
Title: Re: Wish me luck!!
Post by: fightingquaker13 on February 27, 2010, 03:18:37 AM
As long as your asking for a deal, just right of 1sr reusal on a reasonable offer, it "shouldn't" be a proble,. one hopes.
Fq13
Title: Re: Wish me luck!!
Post by: kilopaparomeo on March 18, 2010, 10:16:45 AM
Hooray!

Our bid was accepted.  Here's what I'm getting:

1918 US Army Colt 1911
Winchester 94 (pre-64)
Remington M1903A3 - already have one and will keep the one that is the best, sell the other
Winchester Model 1890
Franchi 48AL - will likely sell this one
Browning BAR, unfired, Belgian manf 30-06
Ruger Mk I from the 1960's
Ruger Single Six from the 1960's
S&W M37 Airweight

Here's what my buddy got:
Browning 1895 - I really wanted this but defered to my buddy
Model 1884 Trapdoor Carbine  - I really wanted this but defered to my buddy
No 5 Enfield Jungle Carbine - I really wanted this but defered to my buddy
Scout single shot break open
S&W M1917 - I already have one of these...otherwise I would have bid.  This one is pristine...absolutely beautiful

I didn't get the Spencer...owner pulled it out of the bid.  He wants to negotiate separately...I think this is the firearm he is most knowledgable about and will probably bargain hard on.

Hopefully go pick these up in mid-April.
Title: Re: Wish me luck!!
Post by: Pathfinder on March 18, 2010, 10:26:43 AM
Hooray!

Our bid was accepted.  Here's what I'm getting:

1918 US Army Colt 1911
Winchester 94 (pre-64)
Remington M1903A3 - already have one and will keep the one that is the best, sell the other
Winchester Model 1890
Franchi 48AL - will likely sell this one
Browning BAR, unfired, Belgian manf 30-06
Ruger Mk I from the 1960's
Ruger Single Six from the 1960's
S&W M37 Airweight

Here's what my buddy got:
Browning 1895 - I really wanted this but defered to my buddy
Model 1884 Trapdoor Carbine  - I really wanted this but defered to my buddy
No 5 Enfield Jungle Carbine - I really wanted this but defered to my buddy
Scout single shot break open
S&W M1917 - I already have one of these...otherwise I would have bid.  This one is pristine...absolutely beautiful

I didn't get the Spencer...owner pulled it out of the bid.  He wants to negotiate separately...I think this is the firearm he is most knowledgable about and will probably bargain hard on.

Hopefully go pick these up in mid-April.

Where's that damn "I hate kilopaparomeo" thread? ? ? ? ?   >:(

Seriously, that is an awesome list. Congratulations!!!!   ;D
Title: Re: Wish me luck!!
Post by: shooter32 on March 18, 2010, 11:12:05 AM
Congrats, KPR..  8)
Title: Re: Wish me luck!!
Post by: Hazcat on March 18, 2010, 11:54:15 AM
Hooray!

Our bid was accepted.  Here's what I'm getting:

1918 US Army Colt 1911
Winchester 94 (pre-64)
Remington M1903A3 - already have one and will keep the one that is the best, sell the other
Winchester Model 1890
Franchi 48AL - will likely sell this one
Browning BAR, unfired, Belgian manf 30-06
Ruger Mk I from the 1960's
Ruger Single Six from the 1960's
S&W M37 Airweight

Here's what my buddy got:
Browning 1895 - I really wanted this but defered to my buddy
Model 1884 Trapdoor Carbine  - I really wanted this but defered to my buddy
No 5 Enfield Jungle Carbine - I really wanted this but defered to my buddy
Scout single shot break open
S&W M1917 - I already have one of these...otherwise I would have bid.  This one is pristine...absolutely beautiful

I didn't get the Spencer...owner pulled it out of the bid.  He wants to negotiate separately...I think this is the firearm he is most knowledgable about and will probably bargain hard on.

Hopefully go pick these up in mid-April.

If yer feelin' generous I'll take the A3 and the Single Six three screw!  ;)


;D


NICE haul, KPR!
Title: Re: Wish me luck!!
Post by: twyacht on March 18, 2010, 04:40:23 PM
You suck!

er, uh, That's fantastic KPR!!! Nice additions...

More pics please, because we really do love the pics,.........hate you, but love the pics..... ;D
Title: Re: Wish me luck!!
Post by: PegLeg45 on March 18, 2010, 06:43:46 PM
Glad it worked out for you and your friend, KPR.....of course we will need require photos.

Title: Re: Wish me luck!!
Post by: Johnny Bravo on March 18, 2010, 07:47:11 PM
You lucky bast................uh....................I mean good for you KPR! Lots of porn please.  ;D
Title: Re: Wish me luck!!
Post by: m25operator on March 18, 2010, 09:40:42 PM
Nice catch KPR, enjoy them and know, that they are being passed on to someone who appreciates them.

Let me know how much you want for the 03a3, once you have made your choice.