If u kept my colt python for lets say five more years how much do you think it would appreciate?

Question

My colt python 357 magnum six inch stainless steal vent ribbed double action wooden grips is in meant condition exept a small chip in left grip. It has only been fired six times.

Answer 1

I hate to say it but it's not MINT with a chip from the grip and having been shot. You can say "Like New condition"  The box would make it more valuable too.

I can't give you a figure on appreciation for the next five years but it will appreciate.

Answer 2

If Obama gets elected it will double in value

If McCain gets elected it will hold its value if you dont shoot it.

Guns do not appreciate in value unless they are limited edition, collector grade, or on that line or they are made illegal to import then they may as the stock goes away.

Look at the SKS I paid $45 each for 3 now they are worth about 250 - 350

Answer 3

Firearms generaly are bad investments..... I'm not talking about 100 + year old investment grade guns but the regular stuff off the shelf at the sport shop...  Buy what you personaly like, enjoy them while you have them but leave the appreciation equation out of your purchasing decisions....

Answer 4

Hard to tell, but I can tell you this...  In the Sixties I bought my first Python for a small fortune:  $150.  My next Python I got at a steal in the Eighties for:  $416.  Both of these were 4" Royal Blue wooden grips.  Then I bought my first stainless steel Python, a Satin finish w/4" barrel with original Colt black neoprene grips about two years ago for $900.  Last year I paid nearly $1,200. for a 'like new never fired' Colt Python Royal Blue original wood grips 6" barrel.  This year I saw for sale a 'like new' Colt Python Satin Stainless steel 6" barrel black Colt neoprene grips for:  $1,500.  I had to pass on this beauty!

So it appears that they're doing nothing but going up in value as they are no longer made.  However, consider that the buying power of the dollar is also declining.  For example, in the late Twenties and early Thirties you could buy a fine gentleman's suit for twenty US dollars in gold (a $20.00 US Double Eagle gold coin).  You still can buy a fine gentleman's suit for twenty dollars provided that you pay for it with the same Double Eagle gold coin.  So you see, the dollar only represents value.  Gold IS value.

If I were you I'd just keep that Python.  I still regret having parted with my first two Pythons and I'm kicking myself for not buying that last one!

Hope that helped.

ADDENDUM:  My first two Pythons were brand new.  The last two were (of course) used, but in like-new conditions.  There are stainless steel Pythons that are NOT the later Elite models and the less common ones are the Satin Stainless Steel.  These are NOT 'Elite' Pythons but earlier models.  Shiny stainless is hard to tell from factory nickel finish but any Python that has not been damaged, worn out, or re-finished is apt to appreciate in value.  This also applies to the newer 'Elite' model.  The rarest Pythons are the 3" barrel, 5" barrel and 8" target model Pythons chambered in .38 Special only, rather than .357 Magnum/.38 Special.  If I ever 'win the lotto' I'll probably become a big Colt Python collector!

H

Answer 5

if its stainless its probably a python "elite" which don't go for as much as the originals. is its stainless or nickel finish?

Answer 6

Go SARCO or Numrich Arms and try to find a set of grips, Google grips, check with colt, yada.  At the current rate of inflaction that is denied by the talking heads in washington your python should double or maybe triple in dollar price in five years.  The way our dollar we know it is being printed and diluted only God might know for sure.