$500 for
that one? I would have whipped out the cash in an instant. OK, actually, I would have haggled, starting at $400...but I'd have not batted an eye at having to pay the full price asked.
The problem with Sistemas is that everyone remembers when they cost about $299 as MILSURP imports over a decade ago. You could find them all day long in the $300-$350 range. No more.
Once upon a time you could also buy Lugers, P-38s, 1911A1s, and P-35s at the same low price point. Try it today.
I saw a very nice Sistema (90% original finish) priced at $900 at a recent gun show. It will sit a long time at that price, but eventually the owner will get $700+ for it.
Many of these were arsenel refinished or rebuled in Argentina right?
Yes, they were. I'm going to go out on a limb however and say that the one depicted was re-done by a private individual...not an Argentine state arsenal.
For less than $500 you can get a new classic style 1911 from several foreign makers.
True. But you'll be getting a cast frame and non mil-spec 1911 pattern pistol of lesser quality and materials. Good guns, affordable guns, practical guns, but really just 1911-like objects. The Sistema is an old school Colt with different roll-marks and a few minor variances in checkering and profiles of controls like the safety and hammer.
The Sistema provides a still affordable alternative to buying a now collectible ~ $2K GI issue 1911A1, a nearly as expensive Colt Pre-War Commercial, or a new/late model production Colt GM (that comes with a few plastic or MIM parts).
Sistemas continue to go up in value and the $500+ range is now normal for unmodified (but refinished) shooters in presentable cosmetic condition. Really nice (original condition) ones fetch more...but are rare. Well done project guns (using the Sistema as the base for a refinished and updated weapon) are starting to fetch as much as new Springfield or Kimber base guns ($650-$750).
In another decade, you'll wish you could find a Sistema for five bills.