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Old 04-26-2006, 03:34 PM   #1
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Colt AR 15 SP-1

Question for you guys.... I have come across a Colt AR-15 SP-1 that is for sale, but i know very little about these rifles. I do know that this would not be a shooter but i am curios as to if this is a good buy or not for investment and need a little input.. I can't remeber the exact serial number but it is between SP150000 and SP200000 placing the manufacture date somewhere between 1970 and 1981. The rifle is new in the box still in the plastic wrap, never fired with tags, flash supressor plastic cap, and barrel plug still in the barrel. The owner is asking $1500 for the rifle, would this be a good buy? or is he asking to much for the rifle? Thanks in Advance JMW
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Old 04-27-2006, 03:41 AM   #2
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If it was quite a bit earlier, IMHO, it would be collectible, but not at that SN range----which is relatively late. Price is "okay", but certainly no screaming "buy".
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Old 04-27-2006, 04:28 AM   #3
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I agree with CR--that's probably about what it's worth today, but I don't see it as an "investment opportunity." If you shoot it, value will drop by a third or more immediately. Even unfired, I don't see its value rising greatly unless there's another assault weapon ban--one that allows existing guns to be grandfathered in and still traded (like the last one was), neither of which is certain next time around.

If you want to "invest" in guns, I can think of many better candidates. There are many undervalued guns to be found in pawn shops and smaller gunshops and even yard sales that can be picked up and turned around quickly for profits of 20 to 100 percent or more. The trick is knowing what stuff is worth, knowing where you can move them, and spotting the deals. Some with potential I can think of right offhand include M1 carbines, Chinese M14s, early Sprinfield M1As, Norinco JW-15 .22 rifles, and Remington 581/582 .22s, as well as almost all Remington and Winchester older .22s. The really cool part is you can buy such guns, shoot them for a few weeks or months, and sell them for more than you paid for them (assuming you scored a screaming deal in the first place, which is the whole idea).
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Old 04-27-2006, 06:18 AM   #4
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Perfic, Thanks guys for saving my Tax return..Just what i needed to know.. Back to looking.
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Old 04-27-2006, 11:44 AM   #5
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if you want a early M16 clone, you would be better off buying M16A1 upper and mating it to a new lower.
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Old 04-28-2006, 02:17 AM   #6
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Quote:
Originally Posted by slow fire
if you want a early M16 clone, you would be better off buying M16A1 upper and mating it to a new lower.
Thats what I did with an upper from CDNN.
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Old 05-01-2006, 12:57 AM   #7
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I saw a low serial SP-1 sell at a show this weekend for $1000, in great shape, so I'd say a later one for $1500 is too high anyway.

I agree about the M16A1 uppers, I picked up a Diemaco (Canadian A1) upper, pencil barrel, teadrop assist and shell deflector from J&T in perfect condition for $250 with BC/CH and put it on a Stag lower from AIM ($99), slapped some parts in there and a buttstock ($75), and I have a sub-$500 SP1.
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