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Colt Python Currently Overpriced

Discussion in 'Handguns: Revolvers' started by Motega, Oct 27, 2011.

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  1. Motega

    Motega Member

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    The prices of Colt Pythons are downright scary right now- anyone know why? Sometimes I see when a particular gun is in a popular movie or something the price spikes for a year or so and then takes a nosedive.
    I'm interested/concerned because I've been wanting to get a nickel python 6" for a few years now and the prices have spiked over the last few months/year.


    I suspect partially from the success of the "Call of Duty" games and Gen X being both a large segment of the gaming community and finally able to afford a few toys this gun is so popular (it's a popular gun in the game). Sounds stupid I know but I'm scratching my head here coming up with anything better.

    Anyonw know what's up? They are great guns, but $2500 asking price in some cases for a stock 1970's ? Absurd.
     
  2. gunsablazin

    gunsablazin Member

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    I don't think the Python is made anymore for one thing, and even so they are overpriced. My dad has a very nice Python Elite 4" like new, I'm sure he would sell it to you for considerably less than $2,500.
     
  3. Gordon

    Gordon Member

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    I sold my NIB ones last year. Figured the money can't hold out in this economy for such luxury items. I bought silver at $11 with the proceeds. I still have a finish worn 2,5" I'll keep and am buying all good 50s-70s snubs I can find at low prices. Think I'll dump my as new 6" .22 Diamondback soon. The .22mag version I had fetched almost $2500 5 years ago. I'd sure like to have a 3.5" S&W Model 27-2 or earlier in Nickel instead.
     
    Last edited: Oct 27, 2011
  4. load748

    load748 Member

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    python is one of the last hand fitted wheel guns; in addition , they're are not made anymore. price is set by supply and demand. your next collector series from colt will be the diamond back followed by the troopers....compare the price of 22 lr diamond backs to the 38 ctg's.....22 lr troopers are currently hot and getting more collectable
     
  5. O C

    O C Member

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    I'm glad to hear this, because I have a Python, .22lr Diamondback, 3 Troopers 1 ea of .357, .22 mag, and .22lr. Maybe I can retire now.
     
  6. sig220mw

    sig220mw Member

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    They were and still are some of the best 357 mag revolvers ever made. A lot of hand fitting and great finish work. They are also shooters. Add to this the fact that they quit making them about 15 or so years ago.

    I had a chance to buy one about 6 years ago. The owner had died and his widow had my son and I do some work around her house. She showed me her late husband's gun collection. He had probably 15 or 16 different guns and she had prices on all of them. I told her I would be buying 2 or 3 including the python in about a month. She said fine but no deal was finalized. Naturally when I went back she had sold all of them to 2 men that were obviously either dealers or packing a lot of cash. I could have gotten the python for $400.00 at that time. If I had only had the cash earlier.

    I just ordered a trooper mk III and am paying too much for it. I had one in the past and went insane one day and sold it. The troopers are getting much more pricey too.

    None of them, Pythons or Troopers are going to get cheaper.
     
  7. welldoya

    welldoya Member

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    Personally I think a lot of these high priced sales are going to buyers that are operating on the "bigger fool" theory. But that's just my opinion.
    I think Pythons prices are in a bubble right now, kind of like real estate was a few years ago and you see what happened to real estate.
    But, if I'm wrong, I've got a 6" .22 LR Trooper that I will cash in.
     
  8. HDCamel

    HDCamel Member

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    The same reasons that original Cz-75s are overpriced: They aren't made anymore and they have a reputation of being "the best".
     
  9. Jon Coppenbarger

    Jon Coppenbarger Member

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    so I have a lnib 6" bright stainless one I will taking to a show this weekend. what should I ask on it?
     
  10. evan price

    evan price Member

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    Don't forget the King Cobras. Seeing $700+ out of 4" stainless ones and the blued ones are getting towards Python prices.

    The Magnum Carry is another Colt to collect.
     
  11. dfariswheel

    dfariswheel Member

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    Jon Coppenbarger

    A LNIB Bright stainless should start around $1400 at a minimum.
     
  12. Mr.454

    Mr.454 Member

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    Between Call of Duty: Black Ops and now the series The Walking Dead the python has been reintroduced to pop culture. Don't worry it will blow over, it is however nice to see protagonists carrying revolvers again. I just wish more decent revolvers would show up on the tables at the local gun shows. I want my m-10!!!! Oh and a trooper, python, GP100, and soooo many others.
     
    Last edited: Oct 27, 2011
  13. ColtPythonElite

    ColtPythonElite Member

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    If it is in the box, like new, and "considerably less than $2500 feel free to have dad PM me if he wants to sell.
     
  14. ColtPythonElite

    ColtPythonElite Member

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    PM sent
     
  15. Tony_the_tiger

    Tony_the_tiger Member

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    Colt python currently featured as primary weapon of Rick Grimes in "the walking dead" on AMC.

    [​IMG]
     
  16. ColtPythonElite

    ColtPythonElite Member

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    I know several Python collectors. I can guarantee you not one of them buy their guns based on a video game or tv series.
     
  17. highpower

    highpower Member

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    Their not all priced in the stratosphere.......I bought this one back in July at a LGS for $850. Made in 1964 and in about 97-98% condition. It is missing the original grips however. No big deal since I like shooting it with the ones that are on it.
    IMG0367-XL.jpg
     
  18. ColtPythonElite

    ColtPythonElite Member

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    $850 was a fair price and probably price accordingly due to it missing a set of $200+ grips.

    This came home with me earlier this year for less than 800 bucks. She had some holster wear, but was sporting the original grips.

    [​IMG]
     

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  19. highpower

    highpower Member

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    Missing Grips

    I am currently looking for a set of original grips for it, but I am in no particular hurry at this time.

    I have a set of Officers Model grips, which if I am not mistaken, are the same as the Python grips only with silver medallions instead of gold. Quite honestly I find the set that came with it to fit my hand better. If and when I turn up a set, they will be only on it when it is in the safe.
     
  20. Slamfire

    Slamfire Member

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    Gunwriters shilled the Colt Python very heavily for decades. It got a lot of press exposure.

    I have a 6" Stainless Python. It is a fine pistol, very accurate. In my opinion, I paid too much for it when I traded a M686 and $200.00 cash .

    Colt did make sure the Python stayed a high quality piece. From old American Rifleman articles Python barrels were 25% more accurate as a population than the standard models. The fit and finish on the things are generally outstanding.
     
  21. TonyT

    TonyT Member

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    The Colt Python was the last of a long line of Colt revolvers. It was priced at a premium when introduced with a very bright blue finish and great attention to detail and marketable features - ie. vent rib. Personally I can do as well with the Colt Officers Model Match revolver without the fancy vent rib.
     
  22. huntsman

    huntsman Member

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    Are they the ones responsible for the price run ups or is it speculators and fanboys? I always thought true collectors knew the values and that led to a stable market.
     
  23. ColtPythonElite

    ColtPythonElite Member

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    I do not know who is responsible for the price run up. However, I am currently seeing a decline and expect prices to fall a good bit over the next year or so. I'd guess some speculation has caused the rise. I do not really know the true definition of a "fanboy", so I can't answer on that one.....True collectors do know the values, but they can't control what guns sell for. If guns are selling at X amount, that is what their value currenlty is in my eyes. Right now, GB is what sets the mark for many. I gauge what a gun is worth by what they have recently brought on GB. I try to take an average of several auctions for the same model, not just one fluke that brought big money from a bidding war, sucker, or just plain fool.
     
  24. Motega

    Motega Member

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    I JUST SAW that "Walking Dead" show for the first time, I had it recorded for the last few weeks and of course I noticed the Python right away and remembered I posted this today.
    It's a chicken/egg thing but the gun has an undeniable media presence right now.
    Don't get me wrong, it's everything you guys say it is which is why it's one of the only guns on my short list (the other being an AK and maybe if I hit the lottery something in the way of a ranch in Utah and some destructive devices).
    I'll find one eventually, there are plenty of 'em around.
     
  25. Chindo18Z

    Chindo18Z Member

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    Just be patient and keep on the lookout.

    A pristine 6" stainless Python was listed (private sale) on my state auction board the other night for $850. Needless to say, it didn't last for long at that price.

    I picked up a blued 6" model for a little over $800 about two years ago at a local pawnshop...after looking at several other specimens for sale at prices ranging from $1100 - $1400. :)
     
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