S. Korea discovers a large cache of Garands

Discussion in 'Rifles' started by ml1209, Sep 28, 2009.

  1. ml1209

    ml1209 Active Member

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    Murphy's Law: Garand Gold Discovered In South Korea
    Garand Gold Discovered In South Korea
    September 25, 2009: As South Korea upgraded its armed forces over the last two decades, it has had to dispose of a lot of old equipment. But then it discovered that it had put into storage 108,000 World War II era rifles it had received from the United States during the 1950s. Some of these M-1 Garand rifles (the first semiautomatic rifle to enter wide service in any army) and M-1 Carbines (which fire a pistol class 7.62mm round) had only been used occasionally by reservists, and even these troops have since been armed with more modern weapons. In the normal course of events, these old rifles would be melted down. Fortunately, someone in the South Korean Defense Ministry realized that M-1s sell for over a thousand dollars each on the collectors market. So those 86,000 M-1 are probably worth over $100 million (or half that, if they are all dropped on the market at once). The 22,000 M1 Carbines, which used to be sold cheap, have recently been going for nearly as much as the Garands. For once, the South Koreans will be able to sell a used weapon at a huge profit (since they received them for free, and have only had to pay for storage and maintenance since then).
     


  2. DirtyD

    DirtyD Well-Known

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    Sep 20, 2008
    Spring
    Now we wait....
     
  3. DCortez

    DCortez TGT Addict

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    Jan 28, 2009
    Houston, Cy-Fair
    nice
     
  4. Starker

    Starker Active Member

    :icon_popcorn:
     
  5. Great, now my Dad will buy a third one. :tongueout:
     
  6. TxEMTP69

    TxEMTP69 TGT Addict TGT Supporter

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    Rockport
    :icon_popcorn: agree flood the market and drop some prices... one could hope
     
  7. Texas1911

    Texas1911 TGT Addict

    May 29, 2017
    Austin, TX
    I think the amazing thing is that a Government worker actually noticed that there is better value in selling them than melting them down.
     
  8. RetArmySgt

    RetArmySgt Glad to be back. TGT Supporter

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    College Station
    im going back to south korea need to get some of them.
     
  9. GM.Chief

    GM.Chief Well-Known

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    Pick me up a few while you're there...lol
     
  10. MadMo44Mag

    MadMo44Mag TGT Addict

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    Ft.Worth
    Hmmmmmmmmm M1 carbine!!!!:bowdown:
    Slobber, lick lips, wipe mouth Hmmmmmmmmmmmmm!!:tongueout:
    7.62mm round Mmmmmmmm!!! Wipe mouth!:bowdown:
    I have 3000 rounds of brass here. I need a new carbine!!!!!:icon_popcorn:
     

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