Python Prices on the Rise?


November 15, 2006, 08:55 AM
I've been in the market for a Python for a about 6 months. I've seen about a dozen in the local shops.

When I first started looking, it seemed a 98% or better 4" blued was going for about $850. I saw a "NIB" over the summer for $1,150, with a few handling marks, but no wear.

Now prices seem to be climbing. Just yesterday I came across another NIB, ~1978, 4" blue priced at $1,400. It was absolutely perfect, with all the paperwork and box.

Are prices going up, or are these local guys over-pricing their goods? I'm just wondering if I should be jumping on these, or continuing to wait for better deals.

Any input appreciated.

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November 15, 2006, 09:11 AM
I am no expert, but it seems to me the longer a firearm has been out of production the higher the price will be. This especially holds true for those in excellent condition as the condition naturally can degrade over time. If I was in the market I would buy sooner rather than later, simply because they are not going to making anymore, to effect the supply and demand curve.

My $0.02

November 15, 2006, 09:17 AM
I have been watching this market for a year and an early 70's 6"inch blue in the older red/brown cardboard box that I thought I overpaid for last novenber at 1050 would easily sell today for 1400. Nice box and papers is a 150 dollar premium over one without it. Nice wooden grips are 100 to 150. Do not buy one without a colt grip. the rubber ones are not as desirable. Start with 2 1/2 and 6 inch blues and a 4" nickel. Try not to buy anything manufactured after 1985. LNIB with papers etc at any barrel length is a steal lately at 1300, fairly priced at 14-1500 and many are paying much more for excellent ones. If you like one look for the best you can get, savor it and you will not loose money. Let me know if I could be of more help.

November 15, 2006, 09:22 AM
And I have noticed the same. It is just a matter of supply and demand. The supply is fixed (actually deminishing) and the demand is growing, so the price is going to rise. I hate econimics sometimes.

November 15, 2006, 10:16 AM
I paid $565 for my 6" SS python with a 4X leupold back when gas cost $.68 gal. About 3X price now for both.

November 15, 2006, 10:32 AM
Thanks for the feedback.

I'm having trouble dating one of the pythons I came across.

Serial number PY83xx.

Any ideas? It doesn't seem to fit any of the lists I've been able to find online.

November 15, 2006, 11:16 AM
I bought a 3" colt python a short time ago, and paid over 2500.00 for it NIB with all the paperwork, and documation from Colt.. I know I paid alot but as scarse as they are, were are you going to find one.


The Real Hawkeye
November 15, 2006, 11:37 AM
Can you believe I only paid $350 for this 1970s Python. It's pristine. Bought it from my next door neighbor who needed the funds. This was about ten years ago.

November 15, 2006, 11:43 AM
That's hot.

The Real Hawkeye
November 15, 2006, 11:50 AM

November 15, 2006, 11:58 AM
If I ever end up in the states (which would be nice, but would mean leaving my folks) I'd have to obtain a few items for my firearms wish-list.

A Python is one of them. Mind you, by the time I was there, they would probably be worth their weight in gold. :what:

November 15, 2006, 03:55 PM
PY83xx was made after the published serial number info ends in 1985.

To get a date, just call Colt during normal business hours and they will give you a production date over the phone.

As for Python pricing:
EVERYTHING goes up in price.
Top end items go up faster. Price an older Ferrari, a Holland & Holland double gun, or a First Generation Colt Single Action.

The Python was a semi-custom, hand assembled, fitted, tuned, and polished gun, with the finest blue job ever put on a production revolver.
There are no more, and according to Colt, never will be again.

Prices are skyrocketing, and I think they always will.

Standing Wolf
November 15, 2006, 08:51 PM
Are prices going up, or are these local guys over-pricing their goods?


The Real Hawkeye
November 15, 2006, 08:53 PM
Yes, what?

November 15, 2006, 09:08 PM
Yes, $3500.

"Colt Python Caliber 357 SN#91955E 6 inch barrel Colt Custom Shop sights-paper work with gun Box and tags with gun Excellent condition"

Standing Wolf
November 15, 2006, 09:37 PM
Yes, what?

Yes to both questions.

November 15, 2006, 09:46 PM
Well sure ALL Colts are and Pythons are premium guns. The one I told you about on recent Python thread last 2 days at $650:banghead:

November 15, 2006, 10:20 PM
Price tags aside, guns, like cars, are only worth what someone is willing to pay for them.
As long as people keep paying these prices the sellers will keep pricing them there or more.

November 16, 2006, 12:11 AM
I thought I got a deal last month when I found this blue Python at $750 :D

Oh, best I can determine, she was born in '69 ;)

November 16, 2006, 12:34 AM
Guess Pythons are CHEAPER in ********** :D

johnny blaze
November 16, 2006, 01:01 AM
I would not pay alot for a Python. I had a couple over the years and they are a fine example of a pistol, but they have problems.
There were several problems, with timing being one, they get out of time more so than any revolver I have ever seen.
Another problem was locking up. Any dirt or powder getting in the moving parts, and the pistol would lock up. That is why I no longer own one. Never want another one. I think that why so many people want one is the fact that they are hard to get right now.
And about prices going up, they are worth what someone will pay.
I see alot at local gun shows just sitting there for sale. Several sellers have been dragging the same ones around for a long time.
I believe that I heard this comment before, "You cannot lose putting your money in real estate, the market will never drop". Everything has it's end, including Colts.

November 16, 2006, 07:15 AM
"You cannot lose putting your money in real estate, the market will never drop". Everything has it's end, including Colts.

What hole are you living in ?
Have you seen the current market ?????

Jeff (GUNKWAZY) & Realtor in AZ
Stick with the Colt's

November 16, 2006, 10:00 AM
Python prices will continue to rise. The Python will be the SAA of the 21st Century, as far as collector prices go.

I'm glad I bought one when I did.

Cromlech, don't worry about the future price of Pythons. The S&W Model 27 is a better gun, IMO, and they are half the price of Pythons.

November 16, 2006, 10:59 AM
As long as I get ahold of a nice premium wheelgun in the future, I shall be happy. :D

November 16, 2006, 01:06 PM
Can anyone out here tell me the history of the Custom Government Colt .45 1 of 1000 with the 5" barrel, and its priice if possible.


johnny blaze
November 16, 2006, 01:09 PM
GUNKWAZY - I was being sarcastic with the real estate thing. The prices here are falling like rocks in the water.:eek:
I was comparing the Python market with real estate, and how everyone was saying that the price can never drop. I kind of feel the same with the price of some guns right now, but who knows what the future will bring.
Are those all your revolvers in the picture. That is a nice collection.:D

November 16, 2006, 01:36 PM
Are those all your revolvers in the picture.

That depends on how you mean that ?
YES, those are mine and NO those are NOT all my revolvers.:D

Thanks, Jeff (GUNKWAZY)

November 16, 2006, 07:36 PM
Oh Woof! :eek:
Those are stunning GUNKWAZY! I've seen your flamed custom on the Colt Fourm, that thing is insane. :what:
After I saw that collection of your I was thinking that the real estate business in Arizona couldn't be THAT bad hehe.


November 16, 2006, 09:21 PM
Thanks Wildcat,
Here's another shot of the Flamethrower Python.
I love the way it came out.


November 16, 2006, 10:01 PM
Holy crap... that is pimpaliscious. :what:

November 16, 2006, 10:31 PM
Is that an Ellison rear sight? Is that a stainless python?

November 17, 2006, 06:39 AM
Is that an Ellison rear sight? Is that a stainless python?

Yes, it's an Elliason rear sight with Patridge front sight.
Yes, it's a 6 " Stainless Python that's been ported and finished with Flames polished down the sides of the barrel.
It also has a polished band around the cylinder where the drag line would usually end up.
The Flamethrower now sports a vintage pair of laminated badger grips.
The hammer & trigger have been jeweled to enhance the (as FTF states) Pimpaliscious look.


November 17, 2006, 11:23 PM
Back in 2001, I bought a Python in very good condition. Fired, but very good.

I then decided that I wanted a NIB Python, 6" nickel. Don't know why, but I just wanted it.

I won the auction on, and paid $895 for it. It's unfired, and has the box and some, but not all, of the original papers. If it had all of them, I could probably sell it for $1600. But, it's just my only safe queen, and I doubt that I'll ever have to sell it for less than I paid.

November 18, 2006, 06:57 AM

About this time last year, I bought this Python at a pawn shop for $600.
I knew I was getting a great deal then.
I am very happy now.

November 18, 2006, 11:49 AM
I am trying to figure out what years they used those light oak looking grips on Pythons? Like the one above.:)

November 18, 2006, 01:50 PM
The lighter grips were later.

When Colt started using the Third Type Target grips shown above, the quality of walnut started to decline in the later 1970's/early 80's, and into the end of the old style Target grips in the 90's.

You started to see plainer, less figured walnut often with knots or other defects in the wood, and the use of a light tan patching material, especially inside.

At the same time, the once dark red-brown Colt color began to lighten, first to an odd orange color, then to a near blond color.
The color fluctuated during these later years, and you'd see the orange grips intermixed with blond.

All this was simply a sign of deteriorating quality.

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