Originally Posted by
Tommy1121
Thank you Renegade04 for your reply....
Here in Florida I'm seeing the mid 70's to late production like mine anywhere in the $2-2500 area. Like you said, geographical area and what people are willing to spend.
I have not seen "ANY" SP1 in my area for under $2k in quite some time.....Colt's reissue "M16A1" is not manufactured by Colt. It is made by US Ordnance in Nevada and licensed and distributed by Colt,
and they're selling for $2,500.00. Thank you again for your reply and information, I greatly appreciate it.
The reissues have almost nothing to do with SP1 values. The reissues are priced at considerably more than they are worth. The only people buying them are those who don't know better or who will spend anything for a rollmark.
Ironically they have softened SP1 prices a little bit because people go "Why spend that much on an old Colt when I can buy a brand new reissue?" Those who know better would always rather have a genuine Colt product SP1 rifle or carbine.
Track a few genuine SP1s on Gunbroker and you will get a sense of what it is worth in the current market. Right now SP1s are gaining traction as people are willing to buy ANYTHING so it's not just collectors driving prices.
It's hard to be a ACLU hating, philosophically Libertarian, socially liberal, fiscally conservative, scientifically grounded, agnostic, porn admiring gun owner who believes in self determination.
Chuck, we miss ya man.
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