That's gotta be good, right?Korea to Sell Old US Rifles Back
By Jung Sung-ki
The Ministry of National Defense plans to sell more than 100,000 aging U.S. combat rifles to American gun enthusiasts, ministry officials said Thursday.
Good with reservations.
$12,000 each?About 86,000 M1 Garand rifles and 22,000 M1 carbine rifles will be sold to gun collectors in the United States, as the U.S. government has approved the sale. The rifles were originally given to South Korea as part of a U.S. aid program in the 1950s, according to officials.
The total value of the firearms for sale exceeds $120 million.
Haha, so I did.
Here I thought they were trying to get all their money back.
^^^ Me either, specially when I can get a new M14 for not much more.
The avg. would be $1200, and you know the M1 Carbines aren't going to be even close to that- I remember when you could pick one up for $100. I kept one on the hayrack of my troller to shoot sharks.
It sounds like they think they can get $1400 for a Garand??
As much as I love Garands, I think not.
Ive never seen anything like this how would they distribute, would they sell to large distributors who would in turn sell to retailers here?
I also think they say the value is 120million, but I doubt they expect to get that especially if going through a middleman. I don't see Korean military officers selling on the street anytime soon.
I personally believe they will sell like hot cake's, once the bubble bursts and they realize that the market price is not what they wished for.
$300 to $500 will see them sell, anything else is just stupidity, the major players won't even bother importing them at any other price.
Almost everyone who would want a Garand or a M1 Carbine has one already, flood the market and see the price go down.
I wonder if any will make it over to Germany?
Yet another ex-tankie of 1 RTR origin.
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