|
|
October 3rd, 2023
This stunning Westley Richards & Co. shotgun was made for the 1981 nuptials of Lady Diana Spencer and HRH Prince Charles. It is rare, has a unique history of ownership, and is also elaborately decorated.
Jim Supica, Director of the NRA Firearms Museum, has written a trio of articles about gun collecting. If you are thinking of starting your own collection of firearms, you should read Supica’s informative articles. The first talks about the basics of gun collecting, the second explains the five key factors that govern gun values, and the third article explains where to find rare and valuable arms. Today we want to highlight the five factors that contribute most to a gun’s value, according to Supica:
Make and Model, Condition, Rarity, History, Art — These are the five factors that … appeal to collectors and help determine the value of collectible guns.
1. Make and Model
Make and model tends to be the starting point for evaluating collectible guns for most collectors and will be a basic threshold requirement for those with specialized collections.
Factors here include the quality of a particular manufacturer’s products, the historical usage of the guns in question, and the brand’s aura of romance. As an example of that last (and most intangible) factor, consider that Colt Single Action Army revolvers were for several decades the most prevalent focus for collectors interested in full-size revolvers from the post-Civil War to turn of the 20th Century-era, and there is no question that Colts were widely used during that time. In recent years, there has been a refreshing trend in gun collecting to look at a broader range of guns than the traditional blue chip Colts, Winchesters, and Lugers.
Colt Single Action Army Revolvers remain among the most prized (and collectible) firearm.
2. Condition (and Originality)
Obviously, condition plays a major role in the value of a collectible firearm. The classic advice to new collectors in this regard has always been to hold out for guns in the best condition and pay the extra premium they demand. This condition-emphasis seems to have developed in the 1970s and 1980s. In the early post-WWII years of gun collecting there was more interest in rare variations and history, and fewer collectors to whom a few percentage point difference in remaining original finish was of much concern.
Although the highest-condition guns continue to bring record prices, it seems that the pendulum is beginning to swing back the other way, a trend met with my hearty approval. The appeal of “mint” guns has been largely lost on me, and seems to be more appropriate to coin or stamp collecting than a field in which the possible historic usage of the artifact holds so much interest and significance. There is a definite segment of the collector market that is not overly concerned with perfect condition, so long as the gun is original and has not been messed with in a more recent (and, in my opinion, usually misguided) attempt to enhance its desirability.
3. Rarity
In terms of rarity, the well-worn saying that “just because a gun is rare doesn’t mean it’s valuable” remains true to a certain extent. There may only be five known examples of a particular gun, but if only three people care about it, the market is saturated. However, there does seem to be more interest in cornering the rare variations within established collecting fields. There is a bit of a resurgence of the collecting philosophy of completing a punchlist of models and variations within a specialization, and this lead to vigorous competition for the rarest examples in these fields. In emerging collecting fields, when new research is published revealing the rarity of certain variations there can develop a brisk interest in those guns.
4. History
Individual guns with a known history of ownership by a specific individual or usage in a specific historical event have always captured the fascination of collectors, as well as historians and the general public. This seems to reflect a basic human interest and shows no sign of abatement. A positive trend here seems to be an increase in general understanding of the type of documentation which must accompany a historically attributed firearm to give it the credibility to justify a premium price, and the importance of creating and preserving such documentation.
This Beretta has extra value because it was owned by pilot Chuck Yeager. Photo NRA Museum.
5. Art (Decorative Embellishment)
Fine engraved guns are collected more for their artistic value than for their worth as firearms. Here the market for classic works by the great engravers of the 19th and early 20th Centuries remains strong, as well as for factory-engraved pieces from more recent years. Interest in recent non-factory engraving seems to have diminished, as has… the trend of adding modern engraving to older firearms.
Here is a matching set of three three beautifully engraved pistols by the late Indiana engraving wizard Ben Shostle — a Luger, a Mauser, and a Colt. Photo courtesy Amoskeag Auction Company.
Factory-custom engraving should not be confused with mass-produced, factory-made commemorative firearms, which flooded the market in the 1960s and 1970s. A couple of major manufacturers worked this genre to death, and prices on commemoratives have been stagnant for many years now, although the market for these shows some signs of renewal.
CAUTIONARY WORDS about RESTORATION
With prices for high-condition original finish guns running away from the budgets of many collectors, period-of-use refinished guns and older factory-refinished guns are finding more enthusiastic buyers than they did a few years ago.
The availability of excellent-quality restoration services is another factor that I anticipate may impact collector preferences in the future. The top restoration artists are reworking guns to “as new” condition with such skill that it has become increasingly difficult for even knowledgeable collectors to distinguish mint original finish guns from the best restorations.
When such restoration is disclosed to a prospective buyer (as it ethically should be), the prices the gun will bring are significantly below a similar gun with original finish, and may be less than the original cost of the pre-restoration gun plus the cost of the rework. This creates a mighty incentive for deception by a motivated seller, either by active misrepresentation (a.k.a. “fraud”) or passively by simple failure to mention the modification.
Share the post "Five Factors That Determine Value for Collectible Firearms"
October 27th, 2022
This stunning Westley Richards & Co. shotgun was made for the 1981 nuptials of Lady Diana Spencer and HRH Prince Charles. It is rare, has a unique history of ownership, and is also elaborately decorated.
Jim Supica, Director of the NRA Firearms Museum, has written a trio of articles about gun collecting. If you are thinking of starting your own collection of firearms, you should read Supica’s informative articles. The first talks about the basics of gun collecting, the second explains the five key factors that govern gun values, and the third article explains where to find rare and valuable arms. Today we want to highlight the five factors that contribute most to a gun’s value, according to Supica:
Make and Model, Condition, Rarity, History, Art — These are the five factors that … appeal to collectors and help determine the value of collectible guns.
1. Make and Model
Make and model tends to be the starting point for evaluating collectible guns for most collectors and will be a basic threshold requirement for those with specialized collections.
Factors here include the quality of a particular manufacturer’s products, the historical usage of the guns in question, and the brand’s aura of romance. As an example of that last (and most intangible) factor, consider that Colt Single Action Army revolvers were for several decades the most prevalent focus for collectors interested in full-size revolvers from the post-Civil War to turn of the 20th Century-era, and there is no question that Colts were widely used during that time. In recent years, there has been a refreshing trend in gun collecting to look at a broader range of guns than the traditional blue chip Colts, Winchesters, and Lugers.
Colt Single Action Army Revolvers remain among the most prized (and collectible) firearm.
2. Condition (and Originality)
Obviously, condition plays a major role in the value of a collectible firearm. The classic advice to new collectors in this regard has always been to hold out for guns in the best condition and pay the extra premium they demand. This condition-emphasis seems to have developed in the 1970s and 1980s. In the early post-WWII years of gun collecting there was more interest in rare variations and history, and fewer collectors to whom a few percentage point difference in remaining original finish was of much concern.
Although the highest-condition guns continue to bring record prices, it seems that the pendulum is beginning to swing back the other way, a trend met with my hearty approval. The appeal of “mint” guns has been largely lost on me, and seems to be more appropriate to coin or stamp collecting than a field in which the possible historic usage of the artifact holds so much interest and significance. There is a definite segment of the collector market that is not overly concerned with perfect condition, so long as the gun is original and has not been messed with in a more recent (and, in my opinion, usually misguided) attempt to enhance its desirability.
3. Rarity
In terms of rarity, the well-worn saying that “just because a gun is rare doesn’t mean it’s valuable” remains true to a certain extent. There may only be five known examples of a particular gun, but if only three people care about it, the market is saturated. However, there does seem to be more interest in cornering the rare variations within established collecting fields. There is a bit of a resurgence of the collecting philosophy of completing a punchlist of models and variations within a specialization, and this lead to vigorous competition for the rarest examples in these fields. In emerging collecting fields, when new research is published revealing the rarity of certain variations there can develop a brisk interest in those guns.
4. History
Individual guns with a known history of ownership by a specific individual or usage in a specific historical event have always captured the fascination of collectors, as well as historians and the general public. This seems to reflect a basic human interest and shows no sign of abatement. A positive trend here seems to be an increase in general understanding of the type of documentation which must accompany a historically attributed firearm to give it the credibility to justify a premium price, and the importance of creating and preserving such documentation.
This Beretta has extra value because it was owned by pilot Chuck Yeager. Photo NRA Museum.
5. Art (Decorative Embellishment)
Fine engraved guns are collected more for their artistic value than for their worth as firearms. Here the market for classic works by the great engravers of the 19th and early 20th Centuries remains strong, as well as for factory-engraved pieces from more recent years. Interest in recent non-factory engraving seems to have diminished, as has… the trend of adding modern engraving to older firearms.
Here is a matching set of three three beautifully engraved pistols by the late Indiana engraving wizard Ben Shostle — a Luger, a Mauser, and a Colt. Photo courtesy Amoskeag Auction Company.
Factory-custom engraving should not be confused with mass-produced, factory-made commemorative firearms, which flooded the market in the 1960s and 1970s. A couple of major manufacturers worked this genre to death, and prices on commemoratives have been stagnant for many years now, although the market for these shows some signs of renewal.
CAUTIONARY WORDS about RESTORATION
With prices for high-condition original finish guns running away from the budgets of many collectors, period-of-use refinished guns and older factory-refinished guns are finding more enthusiastic buyers than they did a few years ago.
The availability of excellent-quality restoration services is another factor that I anticipate may impact collector preferences in the future. The top restoration artists are reworking guns to “as new” condition with such skill that it has become increasingly difficult for even knowledgeable collectors to distinguish mint original finish guns from the best restorations.
When such restoration is disclosed to a prospective buyer (as it ethically should be), the prices the gun will bring are significantly below a similar gun with original finish, and may be less than the original cost of the pre-restoration gun plus the cost of the rework. This creates a mighty incentive for deception by a motivated seller, either by active misrepresentation (a.k.a. “fraud”) or passively by simple failure to mention the modification.
Share the post "Collectible Firearms — Five Factors That Create High Values"
November 10th, 2020
This stunning Westley Richards & Co. shotgun was made for the 1981 nuptials of Lady Diana Spencer and HRH Prince Charles. It is rare, has a unique history of ownership, and is also elaborately decorated.
Jim Supica, Director of the NRA Firearms Museum, has written a trio of articles about gun collecting. If you are thinking of starting your own collection of firearms, you should read Supica’s informative articles. The first talks about the basics of gun collecting, the second explains the five key factors that govern gun values, and the third article explains where to find rare and valuable arms. Today we want to highlight the five factors that contribute most to a gun’s value, according to Supica:
Make and Model, Condition, Rarity, History, Art — These are the five factors that … appeal to collectors and help determine the value of collectible guns.
1. Make and Model
Make and model tends to be the starting point for evaluating collectible guns for most collectors and will be a basic threshold requirement for those with specialized collections.
Factors here include the quality of a particular manufacturer’s products, the historical usage of the guns in question, and the brand’s aura of romance. As an example of that last (and most intangible) factor, consider that Colt Single Action Army revolvers were for several decades the most prevalent focus for collectors interested in full-size revolvers from the post-Civil War to turn of the 20th Century-era, and there is no question that Colts were widely used during that time. In recent years, there has been a refreshing trend in gun collecting to look at a broader range of guns than the traditional blue chip Colts, Winchesters, and Lugers.
Colt Single Action Army Revolvers remain among the most prized (and collectible) firearm.
2. Condition (and Originality)
Obviously, condition plays a major role in the value of a collectible firearm. The classic advice to new collectors in this regard has always been to hold out for guns in the best condition and pay the extra premium they demand. This condition-emphasis seems to have developed in the 1970s and 1980s. In the early post-WWII years of gun collecting there was more interest in rare variations and history, and fewer collectors to whom a few percentage point difference in remaining original finish was of much concern.
Although the highest-condition guns continue to bring record prices, it seems that the pendulum is beginning to swing back the other way, a trend met with my hearty approval. The appeal of “mint” guns has been largely lost on me, and seems to be more appropriate to coin or stamp collecting than a field in which the possible historic usage of the artifact holds so much interest and significance. There is a definite segment of the collector market that is not overly concerned with perfect condition, so long as the gun is original and has not been messed with in a more recent (and, in my opinion, usually misguided) attempt to enhance its desirability.
3. Rarity
In terms of rarity, the well-worn saying that “just because a gun is rare doesn’t mean it’s valuable” remains true to a certain extent. There may only be five known examples of a particular gun, but if only three people care about it, the market is saturated. However, there does seem to be more interest in cornering the rare variations within established collecting fields. There is a bit of a resurgence of the collecting philosophy of completing a punchlist of models and variations within a specialization, and this lead to vigorous competition for the rarest examples in these fields. In emerging collecting fields, when new research is published revealing the rarity of certain variations there can develop a brisk interest in those guns.
4. History
Individual guns with a known history of ownership by a specific individual or usage in a specific historical event have always captured the fascination of collectors, as well as historians and the general public. This seems to reflect a basic human interest and shows no sign of abatement. A positive trend here seems to be an increase in general understanding of the type of documentation which must accompany a historically attributed firearm to give it the credibility to justify a premium price, and the importance of creating and preserving such documentation.
This Beretta has extra value because it was owned by pilot Chuck Yeager. Photo NRA Museum.
5. Art (Decorative Embellishment)
Fine engraved guns are collected more for their artistic value than for their worth as firearms. Here the market for classic works by the great engravers of the 19th and early 20th Centuries remains strong, as well as for factory-engraved pieces from more recent years. Interest in recent non-factory engraving seems to have diminished, as has… the trend of adding modern engraving to older firearms.
Here is a matching set of three three beautifully engraved pistols by the late Indiana engraving wizard Ben Shostle — a Luger, a Mauser, and a Colt. Photo courtesy Amoskeag Auction Company.
Factory-custom engraving should not be confused with mass-produced, factory-made commemorative firearms, which flooded the market in the 1960s and 1970s. A couple of major manufacturers worked this genre to death, and prices on commemoratives have been stagnant for many years now, although the market for these shows some signs of renewal.
CAUTIONARY WORDS about RESTORATION
With prices for high-condition original finish guns running away from the budgets of many collectors, period-of-use refinished guns and older factory-refinished guns are finding more enthusiastic buyers than they did a few years ago.
The availability of excellent-quality restoration services is another factor that I anticipate may impact collector preferences in the future. The top restoration artists are reworking guns to “as new” condition with such skill that it has become increasingly difficult for even knowledgeable collectors to distinguish mint original finish guns from the best restorations.
When such restoration is disclosed to a prospective buyer (as it ethically should be), the prices the gun will bring are significantly below a similar gun with original finish, and may be less than the original cost of the pre-restoration gun plus the cost of the rework. This creates a mighty incentive for deception by a motivated seller, either by active misrepresentation (a.k.a. “fraud”) or passively by simple failure to mention the modification.
Share the post "Collectible Firearms — Five Factors That Determine Value"
November 21st, 2019
Photo courtesy NRA Museum.
Each day, on Facebook, the NRA National Firearms Museum showcases something special from the Museum collections. A while back the Museum displayed a very special Beretta pistol — a gold-plated .32 ACP belonging to legendary airman Chuck Yeager.
This engraved, gold-washed Beretta Model 1935 pistol was presented in 1950 to Brigadier General Chuck Yeager, U.S.A.F., by the Cuban Minister of Defense. (This was before Castro seized power in 1959). Three years before receiving the gun, in 1947, Yeager — piloting the Bell XS-1 — was the first person to successfully break the sound barrier. Yeager was one of the legendary airmen profiled in the book (and Hollywood movie) “The Right Stuff”.
Though this historic, elaborately-engraved sidearm is a “one-of-a-kind” treasure, the Beretta Model 1935 was actually produced in great numbers. Chambered in .32 ACP, more than 500,000 Beretta Model 1935s were made over a 32-year time-span.
View hundreds of other historic firearms on the National Firearm Museum website, www.NRAMuseums.com. Or, if you’re lucky, you can see the collections in person. The NRA now operates three Museum locations: the NRA National Firearms Museum in Fairfax, Virginia; the NRA National Sporting Arms Museum (at BassPro) in Springfield, MO; and the Frank Brownell Museum of the Southwest in Raton, NM.
Share the post "The Right Stuff — Chuck Yeager’s Beretta Model 1935 Pistol"
October 29th, 2019
 This one-of-a-kind .50-caliber rifle was crafted by the late J.T. Smith. Along with the lever-actuated falling block, it has a massive swing-out breech block — like an artillery piece.
Beautiful and Historic Firearms
We’ve collected some of the most eye-catching firearms featured on AccurateShooter.com over the past decade. There are famous pistols, a shotgun owned by a princess, the fanciest Savage ever made, and some beautiful examples of engraving and stock-making. Enjoy this collection of firearms eye candy.
Centennial 1911 from Colt — Marking 100 Years
In 2011, to celebrate the 100th birthday of the 1911 hangun, Colt created a spectacular, fully-engraved “Anniversary Edition” pistol. J.M. Browning’s 1911 pistol was officially adopted by the U.S. Army on March 29th, 1911. {The U.S. Marine Corps and U.S. Navy adopted the 1911 pistol roughly two years later). This Centennial 1911 is pimped to the max, complete with gold inlay and genuine ivory grips.
Savage President’s Engraved Savage 99 Rifle
When you run the company, you get some pretty nice stuff — in this case you get what may be the most elegant Savage ever made. This rifle was created for Joseph V. Falcon, who served as President of Savage Arms. This highly embellished Savage 99 lever-action rifle is chambered for the .300 Savage. It features deluxe checkering and gold inlays.
World’s Most Perfect Colt Paterson — Worth Nearly $1 Million
This 1836 Colt Paterson Revolver sold in 2011 for $977,500 at auction. That set a world record (at the time) for the sale of an American firearm. The very rare, ivory-gripped Texas Paterson Revolver, with a 9-inch barrel and attached loading lever, is the finest known surviving example of Samuel Colt’s first revolver, produced in Paterson, New Jersey.
Stunning Engraved Trio — Colt, Mauser, and Luger
Here is a matching set of three three beautifully engraved pistols by the late Indiana engraving wizard Ben Shostle — a Luger, a Mauser, and a diminutive Colt. By themselves, these three matching pistols would make a prized handgun collection. Photo courtesy Amoskeag Auction Company.
Princess Diana’s Westley Richards Shotgun
This stunning Westley Richards & Co. shotgun was made for the 1981 nuptials of Lady Diana Spencer and HRH Prince Charles. It is rare, has a unique history of ownership, and is also elaborately decorated.
Butch Cassidy’s Colt Wheelgun
This revolver isn’t so pretty, but it has an impressive heritage — it belonged to Butch Cassidy. Butch Cassidy’s famous “Amnesty Colt” Revolver sold to a foreign museum for $175,000. The handgun was offered as part of a collection of Western guns and memorabilia auctioned in Casitas Springs, California.
The Right Stuff — Chuck Yeager’s Gold-Plated Beretta
Here’s another pistol with a famous owner “The Right Stuff” Pilot, Chuck Yeager, the first human to break the sound barrier. This Beretta has extra value because it was owned by pilot Chuck Yeager. Photo NRA Museum.
Stunning Mauser Custom — Master-grade Wood and Steel
Forum member Kurz posted a dream gun owned by a friend in England. Kurz included a quote from a book created by the rifle’s owner: “There, with my father’s words ringing in my ears, I shall take that ‘step forward’ and order a perfect machine based on the Mauser ’98 action, built from metal and wood by master craftsmen who truly understand that ‘reliable’ and ‘mechanical integrity’ have as much relevance today as they did all those years ago.”
Share the post "Amazing Arms — Head-Turning Guns from Our Archives"
December 2nd, 2017
This stunning Westley Richards & Co. shotgun was made for the 1981 nuptials of Lady Diana Spencer and HRH Prince Charles. It is rare, has a unique history of ownership, and is also elaborately decorated.
Jim Supica, Director of the NRA Firearms Museum, has written a trio of articles about gun collecting. If you are thinking of starting your own collection of firearms, you should read Supica’s informative articles. The first talks about the basics of gun collecting, the second explains the five key factors that govern gun values, and the third article explains where to find rare and valuable arms. Today we want to highlight the five factors that contribute most to a gun’s value, according to Supica:
Make and Model, Condition, Rarity, History, Art — These are the five factors that … appeal to collectors and help determine the value of collectible guns.
1. Make and Model
Make and model tends to be the starting point for evaluating collectible guns for most collectors and will be a basic threshold requirement for those with specialized collections.
Factors here include the quality of a particular manufacturer’s products, the historical usage of the guns in question, and the brand’s aura of romance. As an example of that last (and most intangible) factor, consider that Colt Single Action Army revolvers were for several decades the most prevalent focus for collectors interested in full-size revolvers from the post-Civil War to turn of the 20th Century-era, and there is no question that Colts were widely used during that time. In recent years, there has been a refreshing trend in gun collecting to look at a broader range of guns than the traditional blue chip Colts, Winchesters, and Lugers.
Colt Single Action Army Revolvers remain among the most prized (and collectible) firearm.
2. Condition (and Originality)
Obviously, condition plays a major role in the value of a collectible firearm. The classic advice to new collectors in this regard has always been to hold out for guns in the best condition and pay the extra premium they demand. This condition-emphasis seems to have developed in the 1970s and 1980s. In the early post-WWII years of gun collecting there was more interest in rare variations and history, and fewer collectors to whom a few percentage point difference in remaining original finish was of much concern.
Although the highest-condition guns continue to bring record prices, it seems that the pendulum is beginning to swing back the other way, a trend met with my hearty approval. The appeal of “mint” guns has been largely lost on me, and seems to be more appropriate to coin or stamp collecting than a field in which the possible historic usage of the artifact holds so much interest and significance. There is a definite segment of the collector market that is not overly concerned with perfect condition, so long as the gun is original and has not been messed with in a more recent (and, in my opinion, usually misguided) attempt to enhance its desirability.
3. Rarity
In terms of rarity, the well-worn saying that “just because a gun is rare doesn’t mean it’s valuable” remains true to a certain extent. There may only be five known examples of a particular gun, but if only three people care about it, the market is saturated. However, there does seem to be more interest in cornering the rare variations within established collecting fields. There is a bit of a resurgence of the collecting philosophy of completing a punchlist of models and variations within a specialization, and this lead to vigorous competition for the rarest examples in these fields. In emerging collecting fields, when new research is published revealing the rarity of certain variations there can develop a brisk interest in those guns.
4. History
Individual guns with a known history of ownership by a specific individual or usage in a specific historical event have always captured the fascination of collectors, as well as historians and the general public. This seems to reflect a basic human interest and shows no sign of abatement. A positive trend here seems to be an increase in general understanding of the type of documentation which must accompany a historically attributed firearm to give it the credibility to justify a premium price, and the importance of creating and preserving such documentation.
This Beretta has extra value because it was owned by pilot Chuck Yeager. Photo NRA Museum.
5. Art (Decorative Embellishment)
Fine engraved guns are collected more for their artistic value than for their worth as firearms. Here the market for classic works by the great engravers of the 19th and early 20th Centuries remains strong, as well as for factory-engraved pieces from more recent years. Interest in recent non-factory engraving seems to have diminished, as has… the trend of adding modern engraving to older firearms.
Here is a matching set of three three beautifully engraved pistols by the late Indiana engraving wizard Ben Shostle — a Luger, a Mauser, and a Colt. Photo courtesy Amoskeag Auction Company.
Factory-custom engraving should not be confused with mass-produced, factory-made commemorative firearms, which flooded the market in the 1960s and 1970s. A couple of major manufacturers worked this genre to death, and prices on commemoratives have been stagnant for many years now, although the market for these shows some signs of renewal.
CAUTIONARY WORDS about RESTORATION
With prices for high-condition original finish guns running away from the budgets of many collectors, period-of-use refinished guns and older factory-refinished guns are finding more enthusiastic buyers than they did a few years ago.
The availability of excellent-quality restoration services is another factor that I anticipate may impact collector preferences in the future. The top restoration artists are reworking guns to “as new” condition with such skill that it has become increasingly difficult for even knowledgeable collectors to distinguish mint original finish guns from the best restorations.
When such restoration is disclosed to a prospective buyer (as it ethically should be), the prices the gun will bring are significantly below a similar gun with original finish, and may be less than the original cost of the pre-restoration gun plus the cost of the rework. This creates a mighty incentive for deception by a motivated seller, either by active misrepresentation (a.k.a. “fraud”) or passively by simple failure to mention the modification.
Share the post "Gun Collecting 101: Five Factors That Determine Value"
|
