Have Colt M16A2s broke the $40,000 mark?

[Uncle Billy]

How much would Colt charge a law enforcement agency for a Post Sample A2 M16 carbine?

any LE agencies like police dept, don't need to buy a post MG or any MGs..........police depts just need to file a request for a M16, M249 etc..... to the defense department through the 1033 Program ..........the transfer is a tax-free transfer, all the depts have to do is pay shipping cost. the 1033 program also includes a variety of other things, like APC, helicopters, and other military equipment

a friend I knew who was a cop at the Boardman, Ohio PD requested 4-M14s and 5 or 6 M16s for his department and the Army shipped them to his department from Anniston .

 

[3154tm]

https://www.gunbroker.com/item/902307441


I have personally bought from Sienna Armory and been very happy but these prices have me scratching my head. Look at the bidders between these 2 auctions and it’s many of the same people. I’m waving the BS flag

WOW! did that gun actually sell for $35k?

 

[Bret]

Yes. The buyer was "Guns and Gold 2" (which sounds like a pawn shop to me) and the feedback from the seller was "Excellent buyer! Fast payment!" The buyer paid about $15,000 to much in my opinion.

 

[3154tm]

thanks bret. i have a "stop sign" oly receiver in much nicer condition so it must be worth $40k. lol

 

[HighriseATX]

thanks bret. i have a "stop sign" oly receiver in much nicer condition so it must be worth $40k. lol

Maybe only 35K
https://www.gunbroker.com/item/903671706

 

[HighriseATX]

Why not dream big...

https://www.gunbroker.com/item/903382256

 

[secondofangle]

that guy who saw one sold for $62,500 is going to test my hypothesis

Problem is, an auction with more than a penny or so starting price is doomed to failure from the get-go. Nobody bids on those.

A better test of value is the A2 linked above that is at $30,000 even as of right now. THe one with the bayonet that the dude photographed 6 times

 

[Renegade]

I could not get anyone interested at $34K for my M16A2 HBAR SSA never fired gun last year.

 

[Hey...]

I could not get anyone interested at $34K for my M16A2 HBAR SSA never fired gun last year.

Now may be the time.

 

[Bret]

What does SSA stand for?

 

[Hey...]

This one just closed for $50k :banana

https://www.gunbroker.com/item/902523065

 

[Bret]

Well it did include a bayonete.

 

[Hey...]

I want to see one sell that isn’t for sale by Sienna. Prices on their other MGs are high too.

 

[Samuel_Hoggson]

Well, I'm totally surprised. That A2 got no bids at $62.5k.

Sure it's worth another try, definition of insanity such as it is.

 

[HighriseATX]

This one just closed for $50k :banana

https://www.gunbroker.com/item/902523065

Look at the bids, two folks bid 50K! Next bidder willing to go $48,150. Dealers offered 35 & 36K.

 

[secondofangle]

Yep it's fascinating. Meanwhile this totally legit POUSG A2 fetched "just" $39,000. It makes no rhyme or reason to me why some of the final prices are what they are. https://www.gunbroker.com/item/903303261

 

[PoliteSociety]

The one for 39k was from a seller with hardly any feedback and nothing recent. I do think the sienna one are bs, but I think buyers are just being cautious on the 39k one.

 

[secondofangle]

It was a "buy it now" that the bidder exercised. I bet that's it. The seller made a strategic error by listing it with a high starting price as opposed to a penny auction (guaranteeing nobody would bid) and then a buy-it-now that appears from the perspective of this thread to be well below market.

 

[mattnh]

Yep it's fascinating. Meanwhile this totally legit POUSG A2 fetched "just" $39,000. It makes no rhyme or reason to me why some of the final prices are what they are. https://www.gunbroker.com/item/903303261

That is a nice gun - congrats to both the buyer and seller.

 

[Hey...]

It will be for sale shortly. Soon as the transfer hits.