A friend of mine recently came into possession of some very interesting pieces. These include a Webley Mk VI (1916), Walther P-38 (1938), and a Luger (DWM 1916). She has suggested that I will get the "pick of the litter" if I get her reliable information on fair market value for these and other pieces. My conscience wouldn't quite let me say "$500 for the lot!":evil:
What is the most reliable method for determining the value of something like this? What information is usually used to help in the appraisal process?
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September 27, 2007, 10:59 PM
The Blue Book of gun values usually has entries on 'em... but true market rates are sometimes considerable higher (or lower). Lugers go for a mint. Walthers, less. Webleys... depends on if it's converted to .45 ACP or no. The .455 models hover at $400 or higher. The .45 ACPs go for closer to $600.
September 29, 2007, 11:29 PM
gunbroker.com is a good place to start too!
September 30, 2007, 12:25 AM
A really nice unaltered Webley MKVI .455 can bring $700-800 . An excellent condition , but common military 1916 DWM possibly $900-1200 or more . Just depends on finish , bore , etc . An early P-38 can bring over a $2k . Again , condition and rarity of markings or contract .
Just another's opinion .
September 30, 2007, 07:58 PM
"What is the most reliable method for determining the value of something like this? What information is usually used to help in the appraisal process?"
In person if you know what you're doing. In person with someone who knows what they are doing if you do not.
Seriously. The upside is that if you don't know what you are doing eventually you will as long as you pay attention.
October 1, 2007, 06:06 AM
You also will want to consult some military gun collector books (from a local bookstore) to price the Walther and the Luger. Make sure to copy down ALL marking that you see on each weapon (e.g. serial numbers, proof marks, Nazi symbols, etc.). Also, take notice as to whether the various numbered parts all match. An all matching firearms is usually worth much more than a pieced together/re-arsenaled "rework."
October 1, 2007, 06:11 PM
According to the 25th Ed of the Blue book, here's what you're looking at: