What I wonder is what would you do if you had won it at a high price? Shoot it and lose half the value?
You are correct about all correct. Just like when it left the factory. There are only so many of these left so really kinda rare. You would be the first person it would be issued to in 60+ years.....think about that!
That would be right. Getting back that kind of money on resale would be near impossible. This is what happens when bidders get going. I did bid succesfully on a couple of Bavarian carbines a few years ago that were needed to fill holes in my collection. I know they were 20% over their worth, but I really wanted them.
Yup. I saw a cosmoline wrapped WWII sniper go for well over 8k. I got an unwrapped/non cosmoline WWII sniper for much less than that and I am very happy with it but these rifles go for big money due to the history and the fact that the CMP is running out of M1s.I know having that unissued letter from the CMP means a lot, but even after psyching myself up to a little over $3k I had to take a step back down to reality. There are just some things you will never see a decent return on. I realistically see them going for $5k max at an auction on a good day in the future.
At this level, it is an investment.Yup. I saw a cosmoline wrapped WWII sniper go for well over 8k. I got an unwrapped/non cosmoline WWII sniper for much less than that and I am very happy with it but these rifles go for big money due to the history and the fact that the CMP is running out of M1s.
Did you want one for history or are you looking for an M1 to shoot or both?
Investment would be in one of the rare rifles and that would mean auction. If you just want some history they are still selling Rack Grade M1s for $650 shipped. If you wanted a shooter then you can go with the M1s with new barrel and stock RM1EXPERT. My first Garand was one with a new barrel and stock but all the rest are random mix masters with one Collector Grade.At this level, it is an investment.
One question to the knowledgeable,would it decrease the value to disassemble and oil the screaming parts that need some much needed attention ?