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, theyâ€™ll be on fire!â€ is the way one Colt collector put it after being asked what he thought about the current Colt â€œsnake-gunâ€ marketplace. Coltâ€™s family of seven deadly serpents include the Python, Diamondback, Cobra, Anaconda, King Cobra, Boa and Viper. There havenâ€™t been too many â€œlottery winnersâ€ during the last several years regarding major trademark collectible firearms, but Coltâ€™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 manufacturerâ€™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.