I was shocked to read this advertisement on Armslist yesterday, only minutes after it had been put up by the seller.
I have a very old colt 45 that I'd like to sale. It's from around 1881. It's non-working, but physically in good shape. Don't know what it's worth but I'm sure it could be fixed.
That, ladies and gentlemen, is a Colt Frontier model of 1878. The advertiser was asking - wait for it - just five hundred dollars for it! I nearly freaked out on the spot. It's worth much more than that, even in its broken condition.
I e-mailed the seller at once, pointing out that while I wasn't interested in buying it, his gun was potentially worth much more than his asking price. Fortunately, I was able to do so quickly enough after his listing went up that I beat most of the sharks to the punch. He was grateful for the information - he had no idea what he had. I was able to point out that a much 'younger' Model 1878 (shown below) was currently on sale at Collectors Firearms in Texas for $3,750 . . . just a bit of an increase over his asking price!
A place like Collectors Firearms can advise him on where to get his gun repaired with original parts, so as to retain its value (it'll probably do that on his behalf and sell it on consignment, if he's interested). He may not make $3,750 out of it, but I'll be very surprised indeed if he doesn't clear more than $2,000, even after paying their charges and commission. Just goes to show - when you list something for sale, it really, really helps to know what it is and what its value may be. If you don't know, find out before you act! In this case, the seller nearly lost out on a lot of money.
I'm also frankly disgusted at the ethics and/or morals (or lack thereof) among respondents who blithely offered him his asking price, or tried to beat him down from $500, without ever telling him what he had. What happened to honesty and fair dealing? Are there truly so few of us left who still value such attributes?