Old Military Arms
"Lately, due in large part to your blog, I have taking a shinning to 1911's produced during the war years especially by companies that are not associated with firearm manufacture. One of the things I admire about the greatest generation is how so many dropped everything to become part of the war effort.
So I come to you in order to ask a few questions. Do you think that there may be a time before the end of the current administration where 1911 pistols of the variety I seek will be more reasonably priced? Do you think in the future, on a relative basis that they will maintain parity with the current pricing taking in to account inflation? It seems to me that they have over time proven to be more reliable hedge against REAL inflation than treasury inflation protected securities. I wondered if there was a way to commingle the desire to own a few with my desire to not loose out to inflation over time. Let's not take into account the cost of shooting, cleaning, club membership, etc. as they are expenses I would incur regardless.
Then also, given that it seems that when the 1911's started entering the marketplace they did so around $30-$60 from surplus sources. Given price performance over time, do you think we could expect the same of the current standard issue Beretta?"
I don't think the US military will ever be allowed to sell surplus firearms to the public again. I seriously doubt we will see real M9 pistols on the market.
The M1911A1s and M1911s got a huge boost when Clinton had the remaining weapons in military surplus destroyed. They stayed between $30 and $50 for years before that. It's just supply and demand. With the interest in the "greatest generation" the anniversary of D-Day, and the movie Saving Private Ryan, the M1911A1 pistols got an added boost. The irony is that most of the pistols involved in WWII were M1911s not M1911A1s!
Historically, guns have been poor investments. The rise in prices of M1911s and M1911A1s, however, have caused many to believe there is potential for making money. Even though some have profited, the people who really saw the increase were the collectors who bought the surplus weapons for $30-$50, kept them as they were, and appreciated them because of what they were. They did not buy for investment, they bought because they loved the guns.
There is something to be learned there.............
Do I think the prices will go down? On the run of the mill complete and original guns not commanding stellar prices such as Remington Rands US&S and Ithacas? No. I believe the prices they command today will hold fast and potentially still slowly increase over time.
Regarding the Singers that sell for $25,000? Perhaps. Not many people can afford these kind of prices on collector's pieces. I would expect them to take a tumble, or at best remain stable.
But then, I'm speculating too. Time will tell.