I felt damned lucky when I
bought my Remington Rand at a gun show for $1200 in January this year. The dealer knew me well, and I knew exactly how much he paid for it. I was standing there when he bought it. He knew he could sell it for $1500+ before the day was over, but he also knew he could potentially lose a lot of business I give him for doing so. He chose friendship over money. That's why I drop cash on his table at almost every show I attend.
Remington Rands are still available for $1000 or so from the rare uninformed seller. If you want to go ahead and buy a Remington Rand now, without looking forever and taking advantage of a widow, you had better start thinking $1500 or higher for an original gun with a decent amount of finish left.
I own quite a few 1911s of different variations too, including a couple of Springfield GI45s and a couple of Sistemas. I still wanted a M1911A1. Now I want a M1911. It's the history I want to hold as much as the gun itself.
I would go $1500 if the gun was absolutely 100% correct, if there was 90% or better finish remaining, and if any accessories were included. You have to remember that the latest Blue Book is at least two years behind the market, and these guns are drying up quickly.
Here's mine:
I am going to spout some blasphemy here I think all the GI 1911's are overpriced. IMHO the guns are not nearly rare enough to justify the craziness. Go ahead guys I know I'm gonna hear it about that statement.
2RCO,
I would agree, but the market is driven by buyers, not sellers. The M1911s are being sold regularly enough at those prices to satisfy the market. I do not expect the prices to fall.