shershot99
Active Member
So it looks like century arms won the Samco auction. Anyone have any leads on what that means for us? I sure hope they dont try to sell at crazy prices.
Century Arms Won the auction
- Thread starter shershot99
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why2kmax
Jacka$$
maybe they will add their gigantic dot matrix import mark to everything in the most obvious place possible
Sirex
Powered by natural gas
I hope I can get one of those scopeless Yugo M91/30 snipers.
mawkie
C&R Whisperer
Don't be surprised if it takes a while to get to market. I was at the Springfield Sporters auction back in 2003 and Century got a lot of No4 MkI T sniper rifles without scopes. I still remember what they paid for them: $156 per rifle. It was years later in 2009 that they were put up for sale at $400 ea. It's possible they were waiting on a source of mounts and scopes to become available but who knows. BTW, someone back then posted that their $400 Century order got them an ex Trials Rifle converted to a No4 T. One hell of a bit of luck!
Would be nice if this stuff was released before I die.
Would be nice if this stuff was released before I die.
CasualObserver
Who Observes the Observer
Yes, they distribute to other folks like Classic and such. They also sell directly to C&R holders as well. Awhile back they had Star Bs... a few weeks later, J&G had the same Star Bs with a CAI import mark I believe.
Samco went out of business. The auction was for the entire Samco inventory
yellowsled
Retired C&R Addict
Not good for the wallet to hear this news...
Did anyone look at the pictures?
http://www.stamplerauctions.com/auction/280410/samco-global-arms-firearms/
Lots of Yugos, Persians, K31s in the pile. Some concerning handling of bolts etc bet the monkeys at Century mix those up.
Even a few M1 carbines, enfields and some modern Charles Daly stuff.
Should be interesting to see this hit the market.
http://www.stamplerauctions.com/auction/280410/samco-global-arms-firearms/
Lots of Yugos, Persians, K31s in the pile. Some concerning handling of bolts etc bet the monkeys at Century mix those up.
Even a few M1 carbines, enfields and some modern Charles Daly stuff.
Should be interesting to see this hit the market.
mawkie
C&R Whisperer
There was a long thread about this auction over on Gun Boards. The most interesting posting was from Raspootyn who was actively involved and seemed to know the most about what their inventory held. Here's his post, makes for interesting reading...
Auction is next week on the 23rd. You have to be pre-qualified by tomorrow and show up live on the 23rd to bid. It was a sealed bid, but the auction house convinced the bankruptsy judge
that it was a bad idea and they'd get more $$$ by making it live. So they changed it to a live auction 3 weeks ago and postponed the auction until the 23rd of March.
I tried to get a group together and missed it by "..." that much, LOL.
I spent the better part of the past week with a group trying to come up with around $2mil.
The hardest part was trying to come up with a real inventory for the business plan and loan.
I am more familiar with Samcos inventory than just about anyone as I was getting them to sell me few rare items the past year. Like the M59 SKS Long Barrels prototypes they were sitting on.
After talking to the auction house and the former lead armorer of samco several times, here is what I can say now that I'm out of the bidding.
Sure there are mistakes in the inventory. Lots of them. 1000s even. It was done by non-skilled labor and the inventory is only around 80% accurate if that.
No guarantee anything is there like the inventory says, LOL. However ATF does says they have 15,000 receivers/actions there. But will NOT do an updated inventory.
Caveat Emptor!
There are alot of gems there. Including:
Mosins... Yes they have Mosins. Including around 200+ rare Finns. With most being m91s.
Also 100+ Tula M44s. Yep all Tulas...
Lots of Swiss stuff. just about every form of Swiss rifle. Including original sniper bent bolts and about 80 Swiss original sniper scopes(that need some cleaning for starters).
The main group is around 8000 mausers. most being South American varieties(from Honduran rebels I was told)
1000+ AKBAR shotguns
lots of older Eastern Front Mausers... lots of VZ24s BRNO
SKS rifles, several pallets of M91/66 A1s. including M59 "C"s and at least one Long Barrel M59 #015
P38s Walters.
SigSauer pistols. Not many but they are there.
Enfields and Springfield rifles. several hundred of each
Oh and around 130+ M1 carbines! Confirmed, they are there...
Obscene amount of ammo types. Lose and in boxes. 308, swiss and more uncommon older types. Including rare older ammo in boxes/crates still. you can see the pallets full in the pics on the website.
several pallets of 7.62x39 alone.
1000's of stocks and actions. pallets of bolts. Supposedly many rifles were taken apart. Stock goes here. bolt goes in this pallet, action goes elsewhere. Many of the actions have plugged bores. a gunsmith shop would have to do alot of barrel swapping. however years worth of work.
Overall estimated value of around $10mil, give or take a couple mil. That's what happens when one partner does not want to sell and the warehouse fills up.
They have stuff sitting from the '80's and 90's....
Oh and Numrich was there with a low bid ;-)
High bid was $530k so far, but that will jump big time once the bidding actually starts next week.
My guys were trying to split the warehouse in a deal with Classic as of yesterday, but we could not agree on "value" so that fell through this morning...
I'm hoping to get a smaller slice once the winner is announced. As are everyone else, LOL
Expect the scramble for gems hidden away in there to be fierce and bloody. Could make for an interesting summer depending on how long it takes Century to organize this mess.
Auction is next week on the 23rd. You have to be pre-qualified by tomorrow and show up live on the 23rd to bid. It was a sealed bid, but the auction house convinced the bankruptsy judge
that it was a bad idea and they'd get more $$$ by making it live. So they changed it to a live auction 3 weeks ago and postponed the auction until the 23rd of March.
I tried to get a group together and missed it by "..." that much, LOL.
I spent the better part of the past week with a group trying to come up with around $2mil.
The hardest part was trying to come up with a real inventory for the business plan and loan.
I am more familiar with Samcos inventory than just about anyone as I was getting them to sell me few rare items the past year. Like the M59 SKS Long Barrels prototypes they were sitting on.
After talking to the auction house and the former lead armorer of samco several times, here is what I can say now that I'm out of the bidding.
Sure there are mistakes in the inventory. Lots of them. 1000s even. It was done by non-skilled labor and the inventory is only around 80% accurate if that.
No guarantee anything is there like the inventory says, LOL. However ATF does says they have 15,000 receivers/actions there. But will NOT do an updated inventory.
Caveat Emptor!
There are alot of gems there. Including:
Mosins... Yes they have Mosins. Including around 200+ rare Finns. With most being m91s.
Also 100+ Tula M44s. Yep all Tulas...
Lots of Swiss stuff. just about every form of Swiss rifle. Including original sniper bent bolts and about 80 Swiss original sniper scopes(that need some cleaning for starters).
The main group is around 8000 mausers. most being South American varieties(from Honduran rebels I was told)
1000+ AKBAR shotguns
lots of older Eastern Front Mausers... lots of VZ24s BRNO
SKS rifles, several pallets of M91/66 A1s. including M59 "C"s and at least one Long Barrel M59 #015
P38s Walters.
SigSauer pistols. Not many but they are there.
Enfields and Springfield rifles. several hundred of each
Oh and around 130+ M1 carbines! Confirmed, they are there...
Obscene amount of ammo types. Lose and in boxes. 308, swiss and more uncommon older types. Including rare older ammo in boxes/crates still. you can see the pallets full in the pics on the website.
several pallets of 7.62x39 alone.
1000's of stocks and actions. pallets of bolts. Supposedly many rifles were taken apart. Stock goes here. bolt goes in this pallet, action goes elsewhere. Many of the actions have plugged bores. a gunsmith shop would have to do alot of barrel swapping. however years worth of work.
Overall estimated value of around $10mil, give or take a couple mil. That's what happens when one partner does not want to sell and the warehouse fills up.
They have stuff sitting from the '80's and 90's....
Oh and Numrich was there with a low bid ;-)
High bid was $530k so far, but that will jump big time once the bidding actually starts next week.
My guys were trying to split the warehouse in a deal with Classic as of yesterday, but we could not agree on "value" so that fell through this morning...
I'm hoping to get a smaller slice once the winner is announced. As are everyone else, LOL
Expect the scramble for gems hidden away in there to be fierce and bloody. Could make for an interesting summer depending on how long it takes Century to organize this mess.
Amazing a company can go bankrupt with such valuable inventory.
Just when I was about to post a "nothing new happening around here" thread.
It sounds like patience is a virtue and soon the crufflers will be rewarded.
130 M1 carbines will be gone like "that", but I'll expect they will grade them and sell them for a pretty penny. this WON"T be CMP pricing.
I'm hopeful some of those SA Mausers will be Colombian. Although I thought those were mostly spanish mauser conversions to 308
Just when I was about to post a "nothing new happening around here" thread.
It sounds like patience is a virtue and soon the crufflers will be rewarded.
130 M1 carbines will be gone like "that", but I'll expect they will grade them and sell them for a pretty penny. this WON"T be CMP pricing.
I'm hopeful some of those SA Mausers will be Colombian. Although I thought those were mostly spanish mauser conversions to 308
Sirex
Powered by natural gas
I hope they rebarrel the Mosins in .308 and rebarrel the Samco 1916 Mausers in 7.62x54r. Epic Century craftsmanship.
c&rdaze
Active Member
I have to say that my first Mosin was from Samco. A '91 Finn that they called a Russian. What a beaut, as I was just getting started collecting, I thought they would all look like that one. What an education, what a ride. 
yellowsled
Retired C&R Addict
1.5mil +/-
came out to something like $93 bucks a serial number, no including all the ammo and other stuff in there.
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