CMP 1911 prices released

[Bozz10mm]

Yeah, all those 60s-70s era cars shouldn't cost so much now either.
They were really cheap back then...

They are expensive now, after they've been restored to like new.

 

[easy rider]

It all boils down to what is it worth to YOU. I don't really care about having "Property of U.S. Government" on any of my guns, all that really tells me is that it probably wasn't taken care of like it was their own.

 

[V-Tach]

They are expensive now, after they've been restored to like new.

Try buying a rusted out 65-72 Mustang, Camaro, ect... just to restore..........the prices are.......well.....amazing.....

 

[majormadmax]

If only I were rich... I’d be a collector.

Actually, the saying is "If I weren't a collector...I'd be rich!"

 

[LOCKHART]

The prices do seem a little high for probably a loose, worn out pistol. I'll just stick with my RIA. But, as others have stated, they will probably sell a ton of them.

 

[busykngt]

But, as others have stated, they will probably sell a ton of them.

Well, there’s supposedly 100K units in storage from the Army. This first year, they’re only allowed 8K units to sell. If the average selling price is $950, then that’s $7.6M for the CMP. Obviously if they’re heavy on Rack grades, it may be less. However this could be somewhat offset by the units that will command a higher price via the auction process.

If Congress is okay with what transpires this first year, they’ll most likely approve the step up to selling 10K units per year. And if that remains uninterrupted for each GFY (including, through Democratic administrations), then that’s at least a ten year program, worth roughly $9-10M each year to the CMP.

Of course this doesn’t take into consideration the CMP’s cost of acquisition and/or upfront, nonrecurring sunk cost (setting up the separate ‘CMP 1911’ company, logistics handling, building secure storage space that meets the DoD’s satisfaction, training armorers, etc.). Still, not a bad ROI if you ask me!

 

[majormadmax]

The prices do seem a little high for probably a loose, worn out pistol. I'll just stick with my RIA. But, as others have stated, they will probably sell a ton of them.

I suspect a lot of them are being bought for the collector's value...

 

[Brains]

I suspect a lot of them are being bought for the hopeful and speculative collector's value...

Fixed that one for ya

These first ones will set the bar, and if they release the good ones first they'll likely sell through pretty well once word gets out.

 

[TheDan]

Yeah, all those 60s-70s era cars shouldn't cost so much now either.
They were really cheap back then...

I have several old cars. Super cool factor... but I hate how much they go for. I think it's retarded to pay that much for what's really just an old car. They won't hold their value long term either. Once the folks who are trying to re-capture their youth die off, anything that was mass produced will be worth a fraction of what it's currently trading at.

Also, the ones that are fetching those high prices are all original and don't have "pitting and wear on exterior surfaces".

 

[benenglish]

Once the folks who are trying to re-capture their youth die off, anything that was mass produced will be worth a fraction of what it's currently trading at.

Truth.

I've watched my sister go through this with collectible Barbie dolls. They came out in 1959. The women who fell in love with them as little girls hit their peak earning years and, just like men, attempted to buy back a piece of their youth. Prices skyrocketed and a mint condition #1 Barbie could sell for USD$10K. I've seen people spend $400 for a pair of her shoes.

Now those women are ~70 years old Their peak earning years are behind them and many are doing the downsizing that many people begin at that stage of life.

Prices have fallen by more than half. Thank goodness, sis sold off her business many years ago. Still, it's a little disheartening that the main thing she hung onto, her personal childhood collection, is worth so much less.

C'est la vie. Personally, I hate Barbie so much that none of this really matters to me.

But it does illustrate your point.

 

[diesel1959]

IDGAF--I want a piece of the Arsenal of Democracy. I'm not buying one to go out and shoot or brag to my friends about. I want a 1911A1 because I carried one as a commissioned officer of Marines. I want a 1911A1 drawn from the stores of the United States Government. And here's a factoid for you--I predict that some of you naysayers will eventually want one too. And that's just fine.

 

[F350-6]

Truth.

I've watched my sister go through this with collectible Barbie dolls. They came out in 1959. The women who fell in love with them as little girls hit their peak earning years and, just like men, attempted to buy back a piece of their youth. Prices skyrocketed and a mint condition #1 Barbie could sell for USD$10K. I've seen people spend $400 for a pair of her shoes.

I wonder with the internet and short attention spans, if this type of thing is in the past now? I remember my daughter (and wife) trying to convince me how much those TY beanie babies would be worth as their value skyrocketed (supposedly). I bought a few for the kid, and she spent all the money she could muster buying more.

She's grown up now and neither her, nor any of her friends have any interest in those old things. She lets her kids play with them now.

Barbies are still popular, but they're so cheap at wally world, who would pay more for a collector item? Or maybe that's the real reason things aren't collectible anymore. We live in a disposable society.

 

[F350-6]

--I predict that some of you naysayers will eventually want one too. And that's just fine.

I never said I didn't want one. Just don't want one at that price.

 

[easy rider]

Truth.

I've watched my sister go through this with collectible Barbie dolls. They came out in 1959. The women who fell in love with them as little girls hit their peak earning years and, just like men, attempted to buy back a piece of their youth. Prices skyrocketed and a mint condition #1 Barbie could sell for USD$10K. I've seen people spend $400 for a pair of her shoes.

Now those women are ~70 years old Their peak earning years are behind them and many are doing the downsizing that many people begin at that stage of life.

Prices have fallen by more than half. Thank goodness, sis sold off her business many years ago. Still, it's a little disheartening that the main thing she hung onto, her personal childhood collection, is worth so much less.

C'est la vie. Personally, I hate Barbie so much that none of this really matters to me.

But it does illustrate your point.

A G. I. Joe guy huh?

 

[benenglish]

I wonder with the internet ... if this type of thing is in the past now?

In the Barbie world, they hit peak collectibility about the time barely affordable digital cameras came along, like 0.3 megapixels for $800. At that time, the difference between a successful eBay seller and an also-ran was simply the inclusion of pictures.

Sis spent $800 for a Sony Mavica that was a POS when it was still state of the art. The thing paid for itself within a week.

So, generally, the internet and technology have had a huge impact on mass-market collectibles; that camera is merely a transitory example of this principle.

Worse (for dealers) in the long term, the internet has made the scarce, common. Remember those $400 Barbie shoes I cited? They were $400 for a while then every woman whose mom was a packrat ransacked the old homestead and found every single accessory ever made for the first generation of Barbie. The stuff just came out of the woodwork and, over the course of a few years, prices plummeted.

When it comes to collectibles, if it was ever mass-produced and the word gets out that it might be worth money, the people who have one stuck in the attic will dig it out and sell it. Knowledge is still crucial but the importance of legwork (finding people the right age, convincing them to let you visit, and spending hours digging through crap) has diminished greatly.

There are still unicorns to be found. Sis still has a new-in-box first-issue Barbie airplane. Back in the day, it simply didn't sell. It was also poorly designed and tended to break in several ways. Hers is probably the best in the country and has won numerous awards at shows. It's probably still in the $5K-$10K retail range. But finds like that are now next to impossible; the internet inspires too many eyes to be constantly working to find anything rare.

Be it guns or Barbies or LPs (my weakness), finding great stuff for cheap because the seller doesn't appreciate it is 20 times harder than it was before the commercial internet became a reality in virtually every home.

Relating this to the thread topic - Any rare/special 1911s being processed will be carefully examined because finding a motivated buyer is no longer difficult. The internet has made it possible to put every pistol in front of the eyes of every person who might be interested and willing to bid at auction.

 

[benenglish]

I hate Barbie so much that none of this really matters to me.

A G. I. Joe guy huh?

No.

In all seriousness, Barbie is objectively fascinating because:

• It's a cultural phenomenon,
• Ruth Handler, the woman behind Barbie, was an amazing, wonderful woman in more ways that I can describe,
• The bawdy world of pre-Barbie fashion dolls is more than interesting,
• I'm sure there are many doctoral theses on the subject but "Barbie as an anthropological totem" is a genuinely mind-bendingly wonderful subject to study,
• The concept of dolls that teach girls they can be anything they want to be is marvelous, and
• I could go on and on and on.

No, I don't hate Barbie because I'm a GI Joe guy.

My sister was about the 3rd largest purely-vintage Barbie dealer in the U.S. She has judged at national conventions, won prizes at same, lectured at several major conventions, and even served by invitation as the primary lecturer, presenter, and judge at the London convention a couple of decades ago.

I hate Barbie because her schedule during show season caused her to delay obtaining needed medical care on a timely basis. (For the record and to be fair to her, she vehemently denies my timeline and considers my hatred entirely baseless.) The result was a massive heart attack, in the recovery room after a double bypass and valve replacement, that nearly killed her and left her with a lifelong disability. That damn doll screwed up the way my family works in more ways than I can count.

My hatred is purely emotional.

If people love Barbie, I can understand and appreciate that. In my case, though, Barbie metaphorically took so much from me and so disrupted my family that I can never forgive her.

I've put my sister on notice that she should sell her childhood collection before she dies. If she dies and I'm stuck with it, I don't care if her #1 and the box full of rare dresses and accessories accompanying it are worth $10K. I just don't care.

All that shit goes in a pile in the back yard and I'm burning it to ash.

 

[Moonpie]

I used to blow up my sisters Barbies with fire crackers.

 

[easy rider]

Just messin with ya Ben.

 

[TheDan]

IDGAF

Finally! A good reason to buy one.

 

[easy rider]

DILLIGAF if you DGAF?