Value of Colt Army Spec. 32-20
What would be the value of a Colt Army Special in 32-20. Gun was badly rusted and had been reblued with a matte finish. Pitting is visible on the frame between the hammer and grip. S/N is 540xxx mfg 1927-28.
I would be getting this strictly as a shooter, not a collectible.
Lago

I would be getting this strictly as a shooter, not a collectible.
Lago

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In that condition $175 tops. I've seen ones in decent condition for $250. They have to be in stellar condition to get more than $300.
Mine in .38 Special.
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http://www.GunBroker.com/Firearms/BI.aspx?Keywords=Colt+Army+Special+in+32-20
you might try an advanced search of completed auctions to see what they actually sell for these days.0 -
Before buying it, make sure to the best of your ability. That the timing and lock-up are OK. From your description it's led a really tough life.
The old Colts had a two stage hand arrangement. It takes a knowledgeable pro to get them back in time, if a new hand has to be fitted. A beat up 32-20 Army Special, wouldn't be worth paying a pro gunsmith to fix, IMHO.
EDIT #1,
Lego's photo of Army Special.
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