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Colt 1911 Series 70 Gold Cup Pricing

manderson
I've gotten pretty good with knowledge on pricing for Colt DA's and S&W revolvers, but I am completely ignorant on Colt 1911's. I want a 1911 70 series Gold Cup for my collection.

This is a beautiful pistol and exactly what I am looking for, but I'm not sure if $1600.00 is way out of line, average, or even a good deal.
I don't know if the large lettering on the slide has any great significance in value, or anything like that. I am looking at as many as I can to get a good idea, but they seem to be all over the place in price.

http://www.gunbroker.com/auction/ViewItem.asp?Item=25349318

If you all could give me some insight on what these things are selling for or what you think they actually should sell for as opposed to what many people are asking, I would really appreciate the input. I don't want to pay way over the value like I did on my first Python, and then see the same thing a month later for 300 to 500 less.

Thanks for the responses in advance,

Mark A.
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Comments

4 comments

Date Votes
  • wm69
    That's way high for the gun. They're in the gunlist all the time NIB for around $1K and I've seen them as low as $6-700. The earlier guns had large letter slides and quality control was great in the early 70's and started declining in the late 70's. The earlier gun you get, the more likely the workmanship on it will be better. The early guns came in a plain box without the styrofoam liner (gun was wrapped in wax paper in just put in the box. They are great guns but you can definately find one much cheaper than this one.
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  • perry shooter
    I agree series 70 started with SERIAL 70N01001 the early one are better fit and finish NIB if you look and have some time should be about $1000.00 quote:"PRAISE THE HARDBALL GUN"
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  • gea1911
    I saw one in the box and in perfect condition at the Denver gun show last week for $750. Unfortunately I didn't have the $750.
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  • manderson
    Thanks for the input. I had a feeling this was way high. I have plenty of time and will keep shopping. Definitely want an older one.

    perry shooter...Is that starting serial number range for all Series 70 1911's and does the Gold Cup Match model also fall within that range, or does the Gold Cup have a serial number range all it's own?
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