Value a Colt SOCOM

EarnestT · Apr 4, 2020

I am trying to determine the value of a COLT 6920 SOCOM. Any help would be appreciated.

TheOriginalMexicanBob · Apr 4, 2020

Normally it's worth about $1200-$1400 but in today's Coronavirus market maybe half again that. You can never tell a real market value in a panic situation.

EarnestT · Apr 4, 2020

Thanks

1841DNG · Apr 4, 2020

BTW I believe I can read the number through the tape on the first photo (of the box) if you are concerned about that.

fidelity · Apr 4, 2020

Yeah, $2k or higher wouldn't surprise me. Gunbroker might give an estimate based on items with actual bids

EarnestT · Apr 4, 2020

fidelity said:
Yeah, $2k or higher wouldn't surprise me. Gunbroker might give an estimate based on items with actual bids

Gunbroker has some listed but I didn’t see any sold.

outrider58 · Apr 4, 2020

$2000-$2500 depending on condition. It's a seller's market right now.

fidelity · Apr 4, 2020

outrider58 said:
$2000-$2500 depending on condition. It's a seller's market right now.

I agree. Especially in a gun store. The new buyers are going to the stores paying top dollar. They don't shop online (or get confused by it, with arranging the shipment to an FFL, etc).

F-Stop · Apr 4, 2020

I was curious the other day and looked on GB. A couple were $2,500. Looked like same seller. Don’t know if they sold for that though.

JTH20 · Apr 4, 2020

F-Stop said:
I was curious the other day and looked on GB. A couple were $2,500. Looked like same seller. Don’t know if they sold for that though.

Looks like typical Gunbroker shenanigans. The listings are "selling" for $1800 to $2500, then getting relisted for the same price. Also a lot of the same very low to no feedback buyers driving up the current bid.

EarnestT · Apr 4, 2020

JTH20 said:
Looks like typical Gunbroker shenanigans. The listings are "selling" for $1800 to $2500, then getting relisted for the same price.

Maybe seller has multiple units?

JTH20 · Apr 4, 2020

EarnestT said:
Maybe seller has multiple units?

It's possible. I just know from my own limited bidding experience that a seller will have an alternate account drive up the bid, and if they win then they'll keeping relisting and repeating until a sucker makes the final bid.

I watched this happen to the same few boxes of Israeli 8mm from a notoriously colored blanket.

EarnestT · Apr 4, 2020

Anyone know the quantity produced? I heard 300.

Combloc · Apr 4, 2020

I sold one for 3K and another to a friend for 2K. Just after Colt stopped selling to the unwashed masses in September, they were bringing about 3K but that has settled down a bit. Current value is $2000-2500.

They made way more than 300 (think in the thousands) but it's hard to figure out just how many because they shared the serial number block with the HBPW model ad Colt isn't giving out any information.

JTH20 · Apr 4, 2020

Combloc said:
I sold one for 3K and another to a friend for 2K. Current value is $2000-2500.

They made way more than 300 (think in the thousands) but it's hard to figure out just how many because they shared the serial number block with the HBPW model ad Colt isn't giving out any information.

Wow, maybe I was wrong. Guess people are going crazy for the pony.

Combloc · Apr 4, 2020

It's the only rifle Colt ever made and sold to the public with a US property mark. The Retro Vietnam thing had their name on it but they didn't make it. The SOCOM has a 100% (except for the extended flash hider) USGI upper taken right off the government supply assembly line. It's as close as Joe Public is going to get to the real thing without enlisting. To collectors, that demands a premium. The HBPW was made in far fewer numbers but it doesn't have the property mark so it's less sought after.

outrider58 · Apr 4, 2020

EarnestT said:
Anyone know the quantity produced? I heard 300.

I have a buddy who might know. He's a colt aficionado and owns at least one socom that I know of. I'll be dropping in on him later today...

ericoak · Apr 5, 2020

Combloc said:
It's the only rifle Colt ever made and sold to the public with a US property mark. The Retro Vietnam thing had their name on it but they didn't make it. The SOCOM has a 100% (except for the extended flash hider) USGI upper taken right off the government supply assembly line. It's as close as Joe Public is going to get to the real thing without enlisting. To collectors, that demands a premium. The HBPW was made in far fewer numbers but it doesn't have the property mark so it's less sought after.

My m16a1 is not US property marked but definitely closer. :innocent0

The cost reflects this however.

3paul10 · Apr 5, 2020

Value is funny during times like this...its whatever someone will pay.....

Overboost44 · Apr 6, 2020

Thank EarnestT for asking the question. Outrider, I am interested to hear what you find out.

I rarely sell any guns and not sure I would sell my SOCOM. Tough decision but if Colt is holding back info maybe I should hold onto it. I would hate to lose it in a boating accident. I paid around $2k for it in '13 but that also was a high point in the market. OTOH, I have others that shoot better.

Value a Colt SOCOM

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