M1 garand value

[aghauler]

Its not a myth. They are in it for the money thats why they have auctions on their rifles. Wish there was a way how much they get the surplus rifles for. They otta just fix em and sell em.
I fell off the fence when one fell into my arms and I love the rifle. But some are taking advantage and selling em for lots money. $625 is ok but 2 or 3 k for an auctioned rifle just seems like they're taking some nice rifles and aint sellin them. They auction them , for lots money. It aint no myth.

They get the surplus rifles free from the Army Supply Depot from what I'm told.
The rifles that go on the auction block have some intrinsic collector value that means something to a true Garand collector and would demand a higher price in the outside world anyway.

Face it, there are numerous Garand "collectors" that are more accumulators than collectors. I'm one of the accumulators, I have my "collection" and limited knowledge. None of my rifles would really interest a true collector as they are all DCM/CMP rifles that have gone through rebuild programs in various arsenals. No "rare parts" hiding in them, no $1000 keystone springs floating around in them, well maybe a couple desirable op rods but nothing worth getting excited over.

The "one rifle in a lifetime" kept flippers out of the market. As soon as CMP raised the annual limits on what you could buy is when Garand's hit the open market in droves as was predicted. As soon as CMP raised the limits people were ordering their annual allotment or buying Rack Grades and flipping them at Service Grade or higher prices to people that didn't have access to CMP. Not everyone has the time nor inclination to go through the CMP ordering hoops they just want to own a Garand.
I have no idea what they'll do when the Garand supply runs out, or how they will remain active in promoting Civilian Marksmanship which is their primary mission, not to just "make money".

[Discogodfather]

I have no idea what they'll do when the Garand supply runs out, or how they will remain active in promoting Civilian Marksmanship which is their primary mission, not to just "make money".

I agree, they have nothing to do with making money, they are non-profit. Their auction system was adopted to get the annoying hoarders away from CMP inner workings.

They have an endowment fund which is where all the money goes from sales. As sales decline due to high demand and more and more limited supply, they will turn on the fund incrementally giving them revenue to match the lack of revenue coming in from sales. They are in it for the long haul and the CMP is much more than just a surplus Garand seller.

I don't think anyone who is in the know about the CMP fears Garands drying up, it's happened to all of the other rifles they sold through the years and they are well aware of the situation.

[I Swan]

If the CMP was so worried about the hoarders and deep pocketed collectors and resellers you keep complaining about they would go back to.a smaller limit per year. They almost contradict themselves. The regular Garands are sold at a fairly cheap price yet they auction the good stuff.

I think they could get more for the basic Garands. So it's a mix of getting rifles in peoples hands and making a lot of money. Really I think they will have to really cut back and lay off some people when the guns run out.

I noticed nobody mentioned donating money to them or leaving some in their will for them. I will look in to possibly leaving a chunk of money to them but the majoriry of my estate earmarked for charity will be going to the NRA.

Really I don't totally get the whining about people winning the auctions for what they are willing to pay. I can't believe I'm quoting lil Wayne but if you wanna be a playa, you gotta have money.

[NOTABIKER]

It really is a dilemma. Should they charge less and get more rifles in peoples hands? Remember at one time it was one per lifetime. Or charge more to put away money for the future? Really I wonder how long they can go on when the guns are gone. And how many more years can it go on? I wonder if selling too slow or why they at one time was only 1 per person?

In a perfect world the GOV would start to release M 14s without select fire option and maybe let the CMP set up a way to convert M 16s to simi auto only and sell them to us. tI could be done but that train left to station along time ago.6666666666

[I Swan]

We will also never see that because of their continued and renewed usage in the military. Even in late 1990's in the USN we used them a lot. My uncle preferred them in combat. It's too bad we can't at least get the 1911's. But then again people would pout because they wouldn't sell a Singer for same price as a Colt haha. I'm even surprised military has enough m14's it was in production a short time and we even gave some away to places like Israel.

[Tekkno]

4 manufacturers, matching, non matching. USGI stock, new wood, WW2 era, post war. etc etc.
Too many variables. Value is between $500 and $15,000

I have the same questions as Notabiker, only he put them more succinctly than I could.I think we aware of the many variables ,and it will take time to learn them from books and the CMP Forum,etc, but it just seems a little weird to me that you can get an M1 Garand from the CMP for $625 plus S&H and have it be worth $1000 or more on Gunbroker or Turners,etc....and is an IHC worth a grand versus $625 for an HRA. I also have a Springfield M1 with a WwWII era receiver....it seems that should be worth more than a post-war.

Do Garandanimal or other members have any suggestions on Garand primer type books?

Where can I find a $500 garand now !?

[sdsu]

a drill rifle maybe...

[Hamourkiller]

First of all I am a proud owner of 7 Garands. All came from
the CMP. I bought them to shoot with.

To me the value of a good shooter grade (Service grade) is 650 USD and one in almost new condition metal wise is 975 usd (Special Service grades) because that is what you pay the CMP to get one now.

If you pay more it is because yo do not want to wait and you are paying for it.

Have fun with these wonderful rifles.

[Eddy's Shooting Sports]

My problem with the auctions is that people come in with seemingly endless money and inflate the prices beyond the value. That negatively effects the market, I would rather a system based on seniority or time spent on a waiting list, I waited 2 years for my M1D from the DCM in the late nineties. Could never afford that same rifle on their auction system nowadays.

I find this statement interesting. As much as I hate to see prices skyrocket in auctions when I want something, the auction format, in fact, is one of the purest forms of establishing market value. It doesn't negatively affect the market, it sets the market. If you are the seller, this is a positive thing. If you are a buyer, then it limits you if you lack the funds. If you lack the funds, then perhaps one should reconsider what you collect.

I'd love to own an Aston Martin, but I will probably never own one in my lifetime. Unless I win it in a lottery....

[Eddy's Shooting Sports]

In a perfect world the GOV would start to release M 14s without select fire option and maybe let the CMP set up a way to convert M 16s to simi auto only and sell them to us. tI could be done but that train left to station along time ago.6666666666

Unfortunately, once a machine gun, always a machine gun.

Parts kits are viable, but that would make too much sense. They prefer to grind them up.

[borderguy]

The CMP did sell some M14 parts kits a while back.

[DesertWalker]

I find this statement interesting. As much as I hate to see prices skyrocket in auctions when I want something, the auction format, in fact, is one of the purest forms of establishing market value. It doesn't negatively affect the market, it sets the market. If you are the seller, this is a positive thing. If you are a buyer, then it limits you if you lack the funds. If you lack the funds, then perhaps one should reconsider what you collect.

I'd love to own an Aston Martin, but I will probably never own one in my lifetime. Unless I win it in a lottery....

We live in a free market economy (for the most part), so Eddy's is right. Auction prices help set the market price (market value?) of commodities, and firearms are just one type of commodity. The solution is to earn more money to compete at a higher market price, or chose not to compete at that market price. This is basically Econ 101. Sharp individuals can jump on deals, which is cool, we all love a deal,but then you are trading your valuable time for studying the C&R market. There is always a trade-off.

People rag on Wall Street entrepreneurs, but they also set market prices through their actions. Almost anything can come under the heading of supply & demand. For me I will trust in the free market and let Adam Smith's Invisible Hand guide us to make rational decisions. ( All right, I am lying, I have 3 MN91/30s when one would have been sufficient. Sometimes, I am completely irrational. I hate that.)

[peppermintman]

Did I read correctly that they get them for free? How they get that kind of deal? A very sweet deal at that.

[DesertWalker]

Where can I find a $500 garand now !?

I copied and pasted that $500 part from another's post. I reckon someone might find a $500 Garand under the right circumstances. I have sold cars to friends for a reduced price when I needed money fast, why not sell a rifle under the same circumstances?

[NOTABIKER]

I am glad i am not a collector, i do not have the interest or funds for it. One nice looking Garand to shoot and admire is enough.too many nice rifles in life to enjoy one at a time.I had about 10 variants of a surplus rifle and i just figured out that was not fun at all. i mean which one have i not shoot for a while or stiff bolt i will shoot the other one. I will never understand owning guns and not shooting them.
maybe stamps or coins would be better if you are not going to use them.