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Colt Python-357 - Value?

Discussion in 'For Sale' started by labels, Feb 18, 2010.

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  1. labels

    labels Member

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    I have a chance to buy a Nickel Plated Colt Python 4" barrel 357 Mag... It is in 95% cond...No box, papers etc.
    Just a nice looking gun & shoots well. I fired 5 six shot groups at 25 yards from a sandbag rest with 357 & 38 spec ammo......Average group size was two inches......Asking price is $900.00.....Is this a good buy? Thanks for your help......Pete.........PS - how do you clean/polish a nickel plated pistol?
  2. Hoosier Daddy

    Hoosier Daddy TS Member

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    I have not been in touch with prices on something like that in some time but it sounds pretty high to me.
  3. vpr80

    vpr80 Active Member

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    Pythons seem to cost a fortune. If it's clean and under $1K, consider it a good price!
  4. Barrelbulge(Fl)

    Barrelbulge(Fl) Well-Known Member

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    I was at an auction on Monday ans a 6" stainless went for $950. No box or papers. Bulge.
  5. wolfram

    wolfram Active Member

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    It is a good buy if you like the gun more than you like 9 Benjamins in your wallet.

    If you intend to shoot a whole lot, the nickle plating probably won't hold up too well. Actually you would be better off with a S&W L frame if you are going to shoot thousands of rounds per year.
  6. boomer

    boomer Active Member

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    Just sold a mint 4" blue 1968 gun--in the box with site in target. $1300!
  7. AveragEd

    AveragEd Active Member

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    The Blue Book of Gun Values lists $995 for a nickeled gun in 100% condition. That's basically new-in-the-box and its value at even 98% drops to $825 and a gun in 95% condition is supposed to be worth $675.

    I saw a blued 6" in like-new condition with Colt Custom Shop grips and tuning, documented with the correct paperwork, and its original box, for sale at a gun show a few months ago for $1,200. I thought that was a very fair price for that gun; perhaps even a little low.

    Ed
  8. vpr80

    vpr80 Active Member

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    take the Blue Book of Gun Values and burn it for warmth because it's useless. the market for ALL firearms has changed drastically over the last one to two years and none of those prices are realistic.

    At $675 and 95%, I would buy every single Python that I saw to turn around and sell each one for over $1K.
  9. AveragEd

    AveragEd Active Member

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    You'll note I said, "...SUPPOSED to be worth..."

    The book might be at lunch with regard to some firearms, but I buy a few every month and I usually wind up paying about what the book suggests. Yes, I go "out of the book" for unusual guns or ones in new condition at times but most of the time, I buy nice guns - even on auction sites - for about the 100% figure.

    Ed
  10. vpr80

    vpr80 Active Member

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    Ok granted that the rarity of the gun will factor into the differences between book and market value, but even still using the 100% value for used guns is not great.

    I've actually found that spending 5 min online searching around for people selling on forums, auction sites, etc gets me a very good understanding of prices.

    I've been wanting a Python for probably a decade at this point, but never wanted to shell out the cash for it. Now that they jumped up again, I'll just go buy two S&W's for the price of one Python. S&W 27 8" Blue is next on my list :)
  11. AveragEd

    AveragEd Active Member

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    I agree that spending "all the money" for a used item isn't a good idea most of the time but with guns, unless you pay WAY too much, its value usually increases to at least the amount you paid in a year or so. I don't mind paying $50 or in some cases, $100 more than the book value for something I really want because back when I wouldn't pay the extra money, I kicked myself more than once later because that price sounded attractive then.

    Ed
  12. too fast

    too fast TS Member

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    Buy it and don't look back. Paid $350 for a 2 1/2" inch Blue Gun about 10 years ago and it worth about $1500 now. Best Revolver made. My 2 cents worth. Jim
  13. chiefjon

    chiefjon Active Member

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    Just a little side note. In 1967 I bought a new one, as you describe, for $98.00. Sold it when I got off motors. Bought one as a collector's item in 1997 for $500.00. If you look at Gunbroker.com you will see some up to $2500.00. They are great to look at and ok to shoot, but don't ever take it apart. They are hell to retime when they start to wear. I keep mine in a case as a reminder of how cool it was to be a Newport Beach Motor Officer in 1967.

    JON
  14. Steve W

    Steve W Well-Known Member

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    JFYR, this NIB, no drag line, 4" I had for sell last year went for $1200 on TS.com.


    [​IMG]
  15. puablo

    puablo Active Member

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    Pete,

    Don't feel bad on that price, if you like it. The nickle ones are real classy guns. My cousin has one that he bought from our store years ago...real nice gun.
    I still have my dad's old 4" blue one...these guns are smooth as silk.
    How have you been? Hope all is well with you.

    Take care,
    puablo
  16. GW22

    GW22 Active Member

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    Nickel isn't my thing but if this one is truly 95% and you like it then $900 isn't too unreasonable. Pythons are fantastic revolvers, highly coveted, and are extremely liquid if you ever need qucik cash. I've paid more than BlueBook and resold for a nice profit the same weekend at the same gun show.

    -Gary
  17. Sky Buster

    Sky Buster Active Member

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    They do go out of time easily. Not many gunsmiths know how to
    re-time them.
  18. bgf

    bgf Active Member

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    plab...

    If you would be interested in a trade for a Sig Trailside .22 cal with a highend red dot scope let me know at the address above or PM me.

    Bernie
  19. TALLEND

    TALLEND Member

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    Sir

    Of the 451 Colt Pythons listed for sale on "Gunbroker"---the first page had BIDS from $779.00, to $3,735.00(1 of 500)
  20. labels

    labels Member

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    Thanks for all your replys - I did buy the gun.....I never owned a nickle-plated revolver - any problems I should be aware of when cleaning? Thanks again.....Pete
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