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Singer 1911 worth whhaaat??

Discussion in '1911 Forums' started by Robreynolds, Dec 17, 2012.

  1. Robreynolds

    Robreynolds Registered User

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    So I was talking with an older guy that I do work for every couple of months about guns one day and he told me he used to own a gun shop several years ago. He told me he had done some work on a gun for a lady and she couldn't pay up so eventually she wound up bringing in this gun that had been given to her from a relative. She gave him the gun instead of money for the work done. Evidently she didn't know what she was giving him. Turns out it is a Singer 1911 still in the plastic and box with a very low serial #. Never had a bullet put through it as he says. He says Singer has found out that he is the owner and has been making him offers every few years and the offers keep going up. To the tune of get this $376,000.00 He seems to be serious and says he keeps it in a safe deposit box at the bank. I told him he is crazy and I would have sold it at 100,000 or whatever the first offer was. You never know what could happen. He could die or the company could go bankrupt. I looked up one of these guns and saw one sell for around 155,000. This whole thing is just insane to me.
     
  2. 4Baldy

    4Baldy

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    I doubt if any of them are worth that kind of momey. JMHO!!!:faint:
     

  3. Robreynolds

    Robreynolds Registered User

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    Hey I agree with ya there. No gun in my opinion is worth that kind of money. Do you think that Singer would be offering money like that for it though?
     
  4. mleroux21

    mleroux21

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    Hard to believe unless "Singer" has personally seen the pistol. Even then that is a high amount for a Singer.
     
  5. bac1023

    bac1023

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    They go up all the time.

    The sky is the limit.
     
  6. bac1023

    bac1023

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    Its not a matter of opinion.

    They are worth what they sell for. Period.
     
  7. bac1023

    bac1023

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    Who knows :dunno:

    I've never seen an unfired Singer sell before. I've heard of beat up models going for close to 100 G's.
     
  8. Rinspeed

    Rinspeed JAFO

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    Just think, an unfired Kimber MARSOC will most likely generate similar interest in 50-60 years. :faint:
     
  9. bac1023

    bac1023

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    Imagine that! :rofl:
     
  10. smokeross

    smokeross GTDS Member #49

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    Took advantage of an old lady. Hmmmm. Sounds like a decent guy.
     
  11. fnfalman

    fnfalman Chicks Dig It

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    So, if an old lady were to pay you for your services a previously unknown Matisse...you'd refuse too, huh?
     
  12. Bren

    Bren NRA Life Member

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    He is lying. [/story]

    The pistol in not worth anything remotely like that, if it did exist.
     
    Last edited: Dec 18, 2012
  13. MajorD

    MajorD

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    the military issue 1911 is one of the most historically significant collector handguns of our time. considering that singer made only 500, and through how many wars and simple attrition and the lend lease/miliary aid programs etc can't be more than a few dozen that survive. I have seen choice condition examples go well north of 100k so if a new in wrap gun exists I could see it going to over 200k.
    the part of the story I don't buy is:
    1) new in plastic- wrong- they were shipped in boxes either just covered in oil or with a sort of grease impregnated gauze like cloth.
    2) I doubt the current sewing machine company cares to have a gun in inventory at the corporate office or museum if they have one- certainlynot for 300 grand.
     
  14. BigDeeeeeeee

    BigDeeeeeeee Reluctantly Deplorable!

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  15. countrygun

    countrygun

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    The sewing machine Company wants a gun that they made in WWI,

    And it has "The Original PLASTIC box"?????

    Say again, over?
     
  16. fnfalman

    fnfalman Chicks Dig It

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    He just said plastic box. Not "original" plastic box.
     
  17. Robreynolds

    Robreynolds Registered User

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    I can't remember if he said paper or plastic. I just remember him saying that it was still in the box and it had never been used and was still in the wrapper / box whatever. He is a good guy and I believe him to be very honest about the gun and offers made. I don't see any reason for him to lie about any of it. But if it is true, I don't see how in the world he could wait any longer at his age. There could could be many things happen and I would be afraid that offer wouldn't last long.
     
  18. jakebrake

    jakebrake cracker

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    see one on guns america for 12,500
     
    Last edited: Dec 18, 2012
  19. prez1967

    prez1967

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    Its worth what someone will pay for it...

    Now if the story is real or not, that's a different story
     
  20. tsmo1066

    tsmo1066 Happy Smiley

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    I can see Singer wanting to purchase back an original, unfired example of their famous 1911, but to make such an offer without even inspecting the item in question and having an expert check it out beforehand doesn't sound likely at all.

    There are a large number of FAKE Singer 1911s out there on the market, many of them quite good, and I don't see any company making such an offer without doing some serious due diligence on the pistol first.
     
    Last edited: Dec 18, 2012