S.P. Fjestad, the author and publisher of the Blue Book Of Gun Values, now in its 36th edition, in this month’s American Rifleman, discusses the current frenzy on the part of dealers and collectors to snap up out-of-print, post-WWII Colt Double-Action revolvers which is driving prices higher and higher to out-of-sight levels.
If they get any hotter, they’ll be on fire!†is the way one Colt collector put it after being asked what he thought about the current Colt “snake-gun†marketplace. Colt’s family of seven deadly serpents include the Python, Diamondback, Cobra, Anaconda, King Cobra, Boa and Viper. There haven’t been too many “lottery winners†during the last several years regarding major trademark collectible firearms, but Colt’s snake guns continue to pack potent venom for anyone who ventures too close to their poisonous attraction. …
Mint, original, 1950s standard-production Pythons with 6″ barrels, high polish, Royal bluing and matching-number boxes and paperwork that had an original $125 manufacturer’s suggested retail price are now selling in excess of $18,000.
Read the whole thing.
Fjestad fears that the party is going to come to an ugly end before very long, when the current tulip-craze for post-WWII Colt Double Action Revolvers exhausts itself as supplies emerge to satisfy all real existing demand. I think he’s right, and I even have personal difficulty in identifying with the enthusiasm of this group of collectors.
I once handled a Python, admired its rich blue finish, and its smooth Swiss-watch action. The price was reasonable back then, but I already owned a .357. My preference had always been for Smith & Wessons rather than Colts, and I thought it was kind of Mickey Mouse that Colt had a special production line to produce pistols that operated as nicely as the typical S&W.
What killed the deal for me was that vent rib. I knew perfectly well that a ventilated rib on a 6″ revolver served no practical purpose whatsoever, and I decided that I’d be embarrassed to appear in public carrying a revolver with a useless vent barrel. People would think I was the kind of dumbass who didn’t know any better and thought a vent barrel was cool. I just couldn’t bring myself to own one. I guess all that proves that theories can cost a fellow a whole lot of money.
Lucius Quinctius
Price be damned, my Python has been my constant companion at the range for over fifty years, and will continue to be as long as I can pull the trigger. The only pistol in the collection that is more accurate is my Pardini K22.
T. Shaw
Do you believe that President Hillary will let you keep your “collectibles?”
JimBobElrod
As one who has spent way too much time at local gun auctions, I’ve seen the price of Pythons roughly double from approx. $1,000 to $2,000 within the past few years. Unfortunately, I never felt rich enough to buy one.
Surellin
Hmm, I have my father-in-law’s early ’50s Chiefs Special snubbie. I also have the original box, the receipt (from a hardware store) and the Provost Marshal’s pass to bring the gun on base. When the craze passes over to S&W… I still won’t sell it.
scruff
I passed on a pair of pythons for $2k at my favorite gun dealer earlier this year. He had just bought a collection of several hundred firearms, he knew I wanted one. I couldn’t spend that much and passed on the deal. I must now figure out a way to kick myself in the butt.
Jeff
The vent ribs on my Colt revolvers and the solid ribs on my S&Ws work well.
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