Omega III Rifle by Homer Koon - what's it worth

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Let's see what damage I can do. This is a Flower Mounds rifle in 300 WM. The owner used to own two different wholesale firearm companies in Calif.; M&N Distributors and Excel International. He used to be an executive for Hi-Sheer. He passed three years back and his spouse asked the son, my best friend, to sell the gun collection; about 31 guns in all. This rifle is VERY clean with a unique European style checkered stock. Try as I might, I cannot find a serial #. Any help locating it would be most appreciated.

Alan

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NICE rifle!! I have a left handed omega3 and the serial#is stamped on the right side of the reciever it is also engraved on the bolt in the recess on the bottom. If you are looking for scope rings the only ones I could find were controll they arent cheap but they are very nice and still available kelly
 
Without removing the stock, which I don't care to try, the ONLY # I can find on this rifle is in the recess on the bottom of the bolt body. There is a "CA" and a "5". If I truly have #5 Omega III from Flower Mound, I would dare say it's a great find.

Alan

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Just a hypothesis, but the "5" is probably the last digit of the serial (to insure that the bolt matches the rifle). The "CA" is likely an identifier/proof-mark from the inspector.

:)
 
LOL. Well, then where do you think the rifle's serial # is?
No idea, and my hypothesis is just that. Perhaps someone with more intimate knowledge of the rifle in question will be able to answer both.

:)
 
pulled the bolt on my omege its marked LM### which is my serial number so maybe you have #5 cool !! the stocks come off pretty easy if you want to check more and if memory serves me correct mine had the serial # in the inletting of the forarm also kelly
 
I have a preproduction model, P8. It was my dad's. He was a sales rep for the company in the 70's when they were first starting. Really nice zebra stock. gorgeous gun. The gun has been in storage til last weekend when it was used by my son to shoot his first deer. We got tired of having it as a collector. Decided to use it. No idea what it's worth. But it's earning its keep now. My dad died years ago, so I can't get the history. But curious now. Thanks for all the posts.
 
Greetings all,

I spoke with Alan (GSSP) the other night and said that I would post a bit of what I know in case it helps him. I believe that he is in possession of production #5 from the description he gave me. The Omega III is a "take-down rifle". That is one of the unique features of the Omega III. It was designed to be taken apart and re-assembled without needing to be re-sighted. Verifying the receiver is also marked with a "5" should not be difficult.

What makes this rifle unique besides the low S/N is the checkered stock. The stock pattern is very similar to the presentation (those 3 that are really unique) with some obvious exceptions. I think the odds are high that my father did the checkering. I can not verify this so I’m not sure how much that statement is worth. However, there are a couple of reasons that I believe this to be true: 1) the low serial number with checkered stock (most production rifles did not have a checkered stock – though this is probably not the only one), 2) the pattern relative to the presentation (compare the pictures) but most of all 3) this rifle was owned by a Hi-Shear executive, the same company that bought Omega III. My father would have provided this person with an exceptional rifle (more so than already).

What I may or may not have mentioned is that the pistol grip cap was custom with the initial of the customers choice. This shows up very well in one of Alan’s pictures. That works out great if the initial of the original owner is of significance to you. Another option for this was an Omega III symbol. My rifle (#900 that I got from a very good friend, in case there are still some folks that really think there are only 10 out there) has this symbol which works out great for me as I am not the original owner (in case you haven’t followed all of this thread). One of these days I'll try to post more pics.

Regarding value --- as I've said previously and I will stick to this --- the rifle is worth exactly what someone is willing to pay for it. I have a figure in my mind that may or may not be what someone else would be willing to pay or sell for. There is only one person out there that has been totally insane in the value of their rifle and I don't think I need to mention him. He still tries, though no longer spreading the obvious lies. I would put the value of this rifle above the value of that one.

I wish Alan the best of luck finding the new owner for this rifle.


Jim (Jim1958), P8 is a very fine gun and I hope you are able to pass it down to your son. I think the prototypes are unique because they are. It is very likely that your rifle has a feature that the production rifles do not. I’ve always had difficulty parting with my rifles and still have the majority of them including my 1st deer rifle (I’ve promised to let Bennett’s daughter use it for her 1st hunt as it was also his 1st deer rifle - our families were once very close).

These rifles were made to be used so why let them rust in some cabinet. Take care of them, but use them for what they were made for. I will hunt with any one of my rifles.

Well, I can see once again that I’m still not short winded. I hope everyone enjoys good hunting this year. Take care, dk
 
Thanks for the update and information, Mr. Koon. One quick question, though...any idea on the significance of the two initials on the bolt (is it a inspector's mark)?

:)
 
to DFKOON

Glad to see your input back on this site it is fantastic to have insider knowlege!I am hoping you are still going to write a book on your fathers guns please let this site know if you do I am very interested.Also do you have any idea how many of the omega3s were left handed 20%,50%?Was the silver grip cap an option as mine has a very nice wood one thanks kelly
 
Mr. Koon ,my father was Hershel Reid .The Flower Mound plant was built on my grandfather Ray Spinks land . I was at the ribbon cutting but unfortunately I was only a few months old. I had 3 rifles 2 25-06 and 1 7mm . I gave 1 25-06 to my brothjer who has a few he purchased from a couple stockholders around Denton. The other 2 I had were stolen from my house. The theives will never fire them though because I had the bolts removed . I had a full collection of black and white pics from the opening night .
 
Maveric, I think it is the gunsmiths initials.

Panhead, don't know exactly how many left hands were made right now. My guess is more than the 3 I just read a minute ago. The Japeto guy who sold the rifle to you obviously didn't know squat about much. My father never worked in the space industry (I do). And most of the other misinformation I've already tried to debunk. But I think you got a good deal. The silver cap could be customized with initials (customers choice). Another option was an Omega symbol (which would be my choice). That's what is on my Omega.

Mr. Reid, I would love to get with you sometime. Life has just had me really busy lately.
 
thanks df koon

Thank you dfkoon, getting true info on these fantastic rifles is adventure to so the least.The spin on facts is tremendous I wish people could say I dont know instead of making stuff up!I for one am looking forward to you hopefully writing a book on your fathers guns(all of them)i Think it would be a valuable resource and possibly put an end to the nonsense.

kelly
 
I am so glad to find information on these fine rifles. Most folks do not even know what an Omega III is much less have any information about them. I happen to own serial # P-1, which I have never fired. My father purchased it from Homer Koon himself around 1991. My Dad was a fan of the Omega III and at one time owned 31 rifles in various calibers and stock configurations.

I also have what Mr. Koon told me was the "last" Omega III as it is just a barreled action that was pulled from assembly for being stamped incorrectly as a .25-60 caliber. It is unfired as per Mr. Koon and will remain so as long as I own it.

These rifles are tack drivers. I have used my .270 Win to take almost everything that Texas has to offer in the way of big game. I rebarreled a .338 Win Mag that I purchased in 1992 to become a .257 Weatherby Mag so that I would have a fantastic pronghorn rifle and it performs better than I could have ever hoped. It's also fun to go on a hunt, pull this gun out and watch peoples expressions as they try to figure out just what the heck I am shooting!

If you ever get the chance to own one of these firearms, I do not see how you could be disappointed.
 
So I've done my darnedest to read this whole thread and discern something of the potential value of my buddy's Omega III.

I got another look at it the other day and it does not have a serial# (at least not visible with the rifle fully assembled), or any markings about where it was made. Just "Omega III" "by H Koon"

7mm RemMag, Leupold 3-9x50 scope with ConeTrol mounts. Walnut stock, silver grip cap (no engraving), square jewelled bolt.

So clearly a production rifle, but I wonder if it's lack of markings distinguish it at all. I snapped some pics with my phone but they suck (sorry). As the most "common" type of OmegaIII I'm guessing he should expect to get around $1500 for starters for it? He's not emotionally attached to it...
Thanks!
 
GSSP this is a thread about the rifle in question, not a place to sell one...keep that content in the BS&T area.

:)
 
Came here just to say...

A business associate and I attended the Tulsa Wannemacher show last year and apparently met the LTRiker from this thread. He was a vendor at the show withwith several tables of very nice weaponry. Including the S10 Omega II.
my companion for the day looked it over and it was, indeed, pristine. He told us that it had been given to a close friend of H. Koon in 1970 and that he purchased it from that persons widow in the early 1980's (I forget what year he said). He also had an original sale brochure for the company with it. Price was around $40,000 and a nearby dealer was offering several guns plus cash while we were at the table.

The gripcap had a gold "B" on it if that helps figure out who it may have been given to.
We did not buy it, but my business associate sent me a link to this thread yesterday after he and another person went on a web search while discussing the rifle.
 
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Found this post today because I was taking photos of my H. Koon Flower Mound TX, s/n 27 Omega III 7mm RemMag with the original Conetrol Scope Rings and Leupold Vari X III 3.5x10 Scope. I've owned it since the mid 80's, tried to contact Mr. Koon several times but never had any luck, was hoping to verify who the rifle was made for since I was told a person but there was no provenance so one must take these things with a grain of salt, it's a real tack driver.

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banjo
 
I was actually wondering the same thing. How much are these rifles worth I happen to have a beautiful one on hand.
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