Gentlemen, Start Your Credit Cards!

**dalem** · 29 Sep 09,, 21:39

Korea to Sell Old US Rifles Back

By Jung Sung-ki
Staff Reporter

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.

That's gotta be good, right?

-dale

**gunnut** · 29 Sep 09,, 22:30

Originally Posted by dalem

Wooohoooo!

That's gotta be good, right?

-dale

Nooooooooo!!!!

I have a credit card and a C&R license.

I guess I don't really need to save for retirement...

**Blue** · 30 Sep 09,, 04:50

Good with reservations.

**highsea** · 30 Sep 09,, 16:58

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.

$12,000 each?

**gunnut** · 30 Sep 09,, 19:11

Originally Posted by highsea

$12,000 each?

I think you missed a zero in there.

**highsea** · 30 Sep 09,, 19:26

Haha, so I did.

Here I thought they were trying to get all their money back.

**gunnut** · 30 Sep 09,, 20:03

Originally Posted by highsea

Haha, so I did.

Here I thought they were trying to get all their money back.

Even then, that's still $1k per rifle. I ain't paying that much for a beat up Garand with importer marks.

**highsea** · 30 Sep 09,, 20:46

^^^ 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.

**Doomarias** · 30 Sep 09,, 20:53

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.

**toemag** · 01 Oct 09,, 06:11

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?

Tony