Surprise Python acquisition (Pic Heavy)

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Zebraranger

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I just acquired the holy grail of my gun collection, a unfired 2.5" Colt Python. I've always wanted one, but at recent years prices, I just couldn't justify spending that kind of money for one handgun, even for what many consider the Holy Grail of handguns, and especially one not to be fired. But, this came to me from a Family member at a wonderful price. My brothers wife inherited this gun along with other items from her Dad when he passed away about 3 or 4 years ago. Neither she or my brother are gun people, so at that time they asked me to come over and take a look at.

I was shocked to see that it was an 2.5" Colt Python in new unfired condition. I told them at that time what they had, and based on the market then, that I thought it was worth about $3500 or more since it hadnt been fired, and very well could be more. I said that they should keep it, and dont fire or work the action on it. I explained that it would effect the value. I oiled it down, gave them some gun oil and a cotton oil rag and told them if it ever gets handled, to wipe it down with the oil rag to get rid of any area's that touched the hands, and to prevent rust or corrosion. Then I just moved on.

Fast forward to two weeks ago and I get a call from my brother. He tells me that his wife would like to sell the gun, but doesn't know how to list it, or the legalities of how to sell a gun, and so they wanted my help. He also asked if I would like to purchase it, I explained that I'd love to have it ,but cant spend that kind of money for one handgun. I told him that it would be the holy grail of my collection if I could buy it, but I cant.

Anyway, I explained that they would have to set up an account and list it on an auction site such as Gunbroker or Guns Of America, it would have to be shipped from FFL to an FFL along with a little bit more info. Because of the value, I told them that it wasnt safe to do a face to face transaction with a stranger, and that a legal auction site was the legal and safest way to sell a gun like that because background checks are done on both the buyers and the sellers.

I asked him why she wanted to sell it, they are both retired and I know that they are both in good shape financially. He said that both of Her sons (from another marriage) would like to have it, but both would just probably sell it for the cash. She couldn't just give it to one without upsetting the other. So if she gets rid of it, she avoids family problems with her two sons. I guess I can understand that.

My brother and his wife came over last night for what I though was to collaborate on setting up their sale ad on Gunbroker (since they had never done that before). Out of the blue, his wife Michelle said to me, would you like to buy the gun, if so you can have it for $1800 dollars and trade for one of your smaller revolvers to us, that way the gun stays in the family.

It caught me off guard, and for a moment there, I wasn't even sure what to say. I was very surprised and once I processed that statement, I immediately started showing them my small revolvers. A 2.5" Ruger SP101 DAO, two S&W J frames, a S&W 442 and a S&W 638. They both liked the 442, so I gave them $1800 dollars and the S&W 442, and we did the bill of sales.

I am now the proud owner of this beautiful Colt Python. Now my unfired Ruger 2-3/4" Security Six, has an unfired 2.5" Colt Python in the safe as a stable mate. The unfired Ruger was my holy grail gun, but now the Colt has relegated it to the number two spot. Actually, I still have a soft spot for the Ruger since I've had it for so long, so I'm fond of them both equally.
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And a pic of each.
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I just acquired the holy grail of my gun collection, a unfired 2.5" Colt Python. I've always wanted one, but at recent years prices, I just couldn't justify spending that kind of money for one handgun, even for what many consider the Holy Grail of handguns, and especially one not to be fired. But, this came to me from a Family member at a wonderful price. My brothers wife inherited this gun along with other items from her Dad when he passed away about 3 or 4 years ago. Neither she or my brother are gun people, so at that time they asked me to come over and take a look at.

I was shocked to see that it was an 2.5" Colt Python in new unfired condition. I told them at that time what they had, and based on the market then, that I thought it was worth about $3500 or more since it hadnt been fired, and very well could be more. I said that they should keep it, and dont fire or work the action on it. I explained that it would effect the value. I oiled it down, gave them some gun oil and a cotton oil rag and told them if it ever gets handled, to wipe it down with the oil rag to get rid of any area's that touched the hands, and to prevent rust or corrosion. Then I just moved on.

Fast forward to two weeks ago and I get a call from my brother. He tells me that his wife would like to sell the gun, but doesn't know how to list it, or the legalities of how to sell a gun, and so they wanted my help. He also asked if I would like to purchase it, I explained that I'd love to have it ,but cant spend that kind of money for one handgun. I told him that it would be the holy grail of my collection if I could buy it, but I cant.

Anyway, I explained that they would have to set up an account and list it on an auction site such as Gunbroker or Guns Of America, it would have to be shipped from FFL to an FFL along with a little bit more info. Because of the value, I told them that it wasnt safe to do a face to face transaction with a stranger, and that a legal auction site was the legal and safest way to sell a gun like that because background checks are done on both the buyers and the sellers.

I asked him why she wanted to sell it, they are both retired and I know that they are both in good shape financially. He said that both of Her sons (from another marriage) would like to have it, but both would just probably sell it for the cash. She couldn't just give it to one without upsetting the other. So if she gets rid of it, she avoids family problems with her two sons. I guess I can understand that.

My brother and his wife came over last night for what I though was to collaborate on setting up their sale ad on Gunbroker (since they had never done that before). Out of the blue, his wife Michelle said to me, would you like to buy the gun, if so you can have it for $1800 dollars and trade for one of your smaller revolvers to us, that way the gun stays in the family.

It caught me off guard, and for a moment there, I wasn't even sure what to say. I was very surprised and once I processed that statement, I immediately started showing them my small revolvers. A 2.5" Ruger SP101 DAO, two S&W J frames, a S&W 442 and a S&W 638. They both liked the 442, so I gave them $1800 dollars and the S&W 442, and we did the bill of sales.

I am now the proud owner of this beautiful Colt Python. Now my unfired Ruger 2-3/4" Security Six, has an unfired 2.5" Colt Python in the safe as a stable mate. The unfired Ruger was my holy grail gun, but now the Colt has relegated it to the number two spot. Actually, I still have a soft spot for the Ruger since I've had it for so long, so I'm fond of them both equally.
View attachment 1033637
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And a pic of each.
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Nice! Ya know if you angle it upwards just right, account for orbit and gravity you could hit the moon with that thing........... :p
 
Thanks everyone, it feels like an early Christmas for me. Best of all, my wife didnt mind the purchase. I cant tell you how many times over the years that she has said to me that my two hobbies cost way to much, and that I should give one up (she's right, but I'd never tell her that). So for her to tell me that it was a good buy, it meant a lot.
Congrats! Not much better in the world than Colt Blue!

tell me more about the speed loaders and “base”, please
They are called 5 Star Speed Loaders, I purchased this set about 15 years ago and I just checked their website and they are still in business. (Pics below are not mine) They are made in different configurations such as the ones below, the two slot like mine I believe is called the Night Stand and the larger 8 slot is called The Range Block. They are milled of solid polished billet aluminum.
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That is one VERY NICE Python! I have been told by Python afficianados that the 2" Python is possibly the single most counterfeited collectible handgun. (by cutting the barrel of a longer one) Now, I suggest you get a letter from the Colt Historian for it. Not expensive, not difficult.

THEN you need to find the other rare Python to keep it company: The 2" Nickel Plated Python! :what::D:D
 
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Nice guns. Shame not to shoot them but it’s your prerogative. I’d take it straight to the insurance fellow and have it added to my policy. Kinda more valuable than most diamond rings gents put on their wives fingers.
 
Nice revolver there Op! Question now is are you going to shoot it!!!!!




P S I couldn’t shoot it if it were mine I would just treasure it as the heirloom it is, I mean how different will it be from another .357 you know just food for thought and that’s a gorgeous revolver btw!
 
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Wow, that is an amazing Colt! I’m glad for you for a couple reasons:

A) You fulfilled your long term desire to get a revolver just like that one. Congrats! :)
B) Your honesty was rewarded when they initially approached you with questions about its worth, and your obvious care for the gun when you looked at it, wiped it down and gave it back.
C) It stays in the family with a true caretaker rather than being gifted to someone who probably wouldn’t give it what it deserves. :thumbup:

I won’t ask you to let us know how it shoots for you, if that were mine I wouldn’t shoot it either. ;)

Stay safe.
 
Definitely you've got a couple of stand-up family in your brother and his wife! What a great way to show you how much your help meant to them by giving you this amazing treasure of a gun at such an incredible price! And on top of that, th gun stays in the family!

Got to love such a happy ending!
 
Definitely you've got a couple of stand-up family in your brother and his wife! What a great way to show you how much your help meant to them by giving you this amazing treasure of a gun at such an incredible price! And on top of that, th gun stays in the family!
Got to love such a happy ending!
Thanks Bannockburn, I am very fortunate to have such a good family, my other brother and sister are all the same way. We all stay in touch and all get together during the holidays and as often as we can, and if anyone of them ever needs help or anything in anyway, we are all there. Our parents always told us that we needed to stay close, and I guess that stuck.

And thanks again everyone. If I was a younger man (knowing the way I thought as a younger man back then), and I had less years experience with guns (like I did back then), I probably would have gone right out and shot the thing. But I'm 60 years old now, and I have enough shooters in my collection, and have been shooting long enough that I can easily resist shooting this Python. Like a couple of my other guns, I'll keep this one just to be appreciated and admired for its beauty and craftsmanship. After all, if the original purchaser, her dad Ralph could take care of it all these years the way he did, then I can surely do the same.

I did purchase a 6" Colt King Cobra in unfired new condition somewhere around 2000, and that one did become a shooter, but not very often and I still try to maintain it as nice and new looking as I can. But I'm that way with just about everything that I own, especially my guns, cars, trucks and motorcycles that I've had over the years.

I do have the original Firearms Transaction record of when and where he made the purchase of this Python, with all the other pertinent information that's included in that document. His birth date was Dec 1928, the date of his purchase was 4/1/1981, so he was 53 years old when he bought it and he kept it another thirty something years before his death a few years ago. He was a small guy, according to the document he was 5'-5" tall and weighed 156 lbs. I looked up the gun shop where he purchased it at, but its long been gone and there's a Starbucks in that location now.

I really thought this Python was just going to pass through my hands. So I feel fortunate that they gave me the opportunity to have it, especially at a price that I could afford. Its has its own stand and place in the safe now. Thanks again to everyone for letting me share my joy.
 
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I'm not necessarily a Colt fan, but that gun has one of the highest polishes I've ever seen on a gun, just beautiful!

Good luck with your latest acquisition!
 
Thats a really nice gun and I have never been a Colt fanboy but I could start. I would shoot it. I can't see any reason to own it, never fire it then someone else get it after I croak and have the pleasure of shooting it. For that reason alone it wouldn't be a good thing for me to own that gun. But its a tribute to the quality product Colt use to put out. Top of the line stuff.:thumbup:

Did you get the box and docs with it?
 
My brother and his wife came over last night for what I though was to collaborate on setting up their sale ad on Gunbroker (since they had never done that before). Out of the blue, his wife Michelle said to me, would you like to buy the gun, if so you can have it for $1800 dollars and trade for one of your smaller revolvers to us, that way the gun stays in the family.

It caught me off guard, and for a moment there, I wasn't even sure what to say. I was very surprised and once I processed that statement, I immediately started showing them my small revolvers. A 2.5" Ruger SP101 DAO, two S&W J frames, a S&W 442 and a S&W 638. They both liked the 442, so I gave them $1800 dollars and the S&W 442, and we did the bill of sales.

HAHAHAHA!

I'm sorry, but the picture in my head when I read this involved you scampering out of the room and returning with a wheelbarrow full of firearms and dumping them all over the carpet like some cartoon character!

Honestly, though, this is an AWESOME story and I'm glad it worked out so well for you!
 
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