Bad ignorant advice?

TANK1867 said:
My hunting partner/best friend/ friendemy is not on CGN so relies on my vast knowledge of all things gun related, as he should since I am his God, okay, only in my mind, whatever.
He has a near mint Colt H-Bar match that I've been telling him for years to hang on to as it will only go up in price. We have both bought Smith & Wesson's and now he wants to sell his Colt.
He doesn't need the money and the ones on EE are dirt cheap. My question is; sell or hold on to it?
Whatever your answer is I will taken credit so my buddy will continue to worship me.
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Buy it from him for yourself.

Easy Peazy.
Rob
 
frankly the market in canada for used "classic" colts is in the toilet..... $1200 +/-


with the influx of the budget ar15's and such, $1200 colt 6920's and so on (including colt canada) they just dont hold the value they used to.

IMHO if i was him, and i am assuming it is an a2 style with fixed carry handle... i would buy a new ar15a4 big hole upper and transfer the parts over so he then has a NICE optic ready gun..... should be able to do it for under $300. i would kill for a ar15a4 with 20" barrel. (if nothing else the flat top will add value BUT keep the takeoff upper so it stays with the gun in case of resale.
 
TinkerBell said:
just wanted to add.... while the barrel is off, install a free float forend and chop down the fixed front sight post to make it low profile.
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Don't do that. Any potential collector value will be destroyed. Nostalgia will eventually make them popular once more, just like the resurgence in interest for slabside ARs down south. Beater SP1s now sell for crazy prices when just a few years ago almost nobody wanted one.
 
I'd hang on to it. As mentioned nostalgia might bring them back to popularity again. I'm keeping mine just in case we get someone who actually will change the classification from R to NR.
 
I sold a mint colt le6920(mp), had less then 40 rounds true it for about 6 months for about $1300. It was a 2014-2015 manufactured gun. I regret and I forsee that I might pull my hair out in years to come. As it is a colt and in my opinion a stock colt will hold value much better just for name recognition compare to lets say a mossberg, s&w, aero or most other of the hundreds of ar manufacturer; especially the bargain brands.
 
rally guy said:
I sold a mint colt le6920(mp), had less then 40 rounds true it for about 6 months for about $1300. It was a 2014-2015 manufactured gun. I regret and I forsee that I might pull my hair out in years to come. As it is a colt and in my opinion a stock colt will hold value much better just for name recognition compare to lets say a mossberg, s&w, aero or most other of the hundreds of ar manufacturer; especially the bargain brands.
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I think there's wisdom in this. I suspect that down the road value will be held by Colt, HK and the boutique brands.
 
I have adopted this philosophy:

I have never been taken with the idea of selling a gun. When you possess a firearm, you possess something of importance. If you trade it for cash, you have lost it - and the cash in your hand will soon be gone. Sell something else!......... Jeff Cooper
 
I had a Colt Delta Elite HBAR 20" back before ARs were restricted. Bought it for $800 back in 1992. Sold it in 1995 for $300! I was a young pup, had no connections and feared confiscation. In hindsight, obviously a bad mistake.
Don't let it happen to your friend. The old Colts are becoming nostalgia guns. And, as mentioned, the Colt name is still synonymous with ARs.
Whether they skyrocket in price is up to the market but as long as we get to keep them, they don't make em' like that anymore.
 
Good condition HB Colts are still worth big $$$ in the states. I have two SP-1's from the early 80's and will likely take them to my grave (unmarked) or sent with me to Valhalla if my oldest son can fire up a decent funeral pyre.
 
rkm456 said:
I think there's wisdom in this. I suspect that down the road value will be held by Colt, HK and the boutique brands.
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Well I wouldn't say boutique brands, I'd say military credentialed manufacturers like, Colt, FN, KAC, Colt Canada that produce close to milspec AR. Maybe Daniel Defense and armalite also. I doubt that 10-15-30 years down the line rifles like POF, CORE, Savage, RRA and the such will keep up with inflation value. Furthermore I think the market value of boutique AR like Les Baer, christensen arms and the such might be the AR's that looses the more percentage value; much like wen a plain jane Lee Enfield was plain cheap but a nice cut down barrel and stock , refinished and drill and tap receiver was top dollar and one point in time at gun store.
 
TinkerBell said:
just wanted to add.... while the barrel is off, install a free float forend and chop down the fixed front sight post to make it low profile.
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Terrible advice, if you were to convert to a flat top with free float forend spend the $30 extra and buy a low profile gas block.
I would just leave it completely original and also own one or two other more modern design AR's for your range shooting needs. No sense selling something like that for $1200.
 
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