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Colt single action 45 value

Discussion in 'Handguns' started by xbassman, Jan 22, 2020.

  1. xbassman

    xbassman Semper Paratus

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    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 20200122_114640.jpg 20200122_114640.jpg 20200122_114640.jpg 20200122_114640.jpg 20200122_113740.jpg 20200122_113749.jpg 20200122_113818.jpg 20200122_114506.jpg
     


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  2. V-Tach

    V-Tach TGT Addict Forum Sponsor

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    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...
     
  3. TexasRedneck

    TexasRedneck 1911 Nut Lifetime Member

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    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.
     
  4. just country

    just country Active Member

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    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
     
  5. V-Tach

    V-Tach TGT Addict Forum Sponsor

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    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...
     
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  6. Moonpie

    Moonpie U.S. Rifle M1 caliber .30 Lifetime Member

    Yep. Unless it has provenance it just a brown gun.
    As it is I’d guess $1.5-2k.
    Nice old gun tho.
     
  7. Lonesome Dove

    Lonesome Dove Active Member TGT Supporter

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    I’m in for $500 sight unseen.
     
  8. Geezer

    Geezer Available For Parties TGT Supporter

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    I have always heard, "Buy the gun, not the story."
     
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  9. TexasRedneck

    TexasRedneck 1911 Nut Lifetime Member

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    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.
     
  10. just country

    just country Active Member

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    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
     


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