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Q:
I have a Colt Python 357, Stainless, 4in barrel, mfg in 1979, original box and manual, never been fired. How much is this gun worth?

Question by Phillip Faircloth. Uploaded on February 27, 2011

Answers (9)

Top Rated
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from Jere Smith wrote 3 years 7 weeks ago

Look here, they are probably going for MORE now!

Old 11-26-2008, 01:05 PM
gvf gvf is offline
Senior Member

Join Date: Jan 2007
Posts: 663
gvf is on a distinguished road
Default Fyi:
I have an '81, bought in 2006 for $439. Hardly fired - maybe just test fired when I bought it. Nickel 4". Same grips etc. as yours.

Before you throw yourself off a cliff that is NOT the usual price for a used Python, but my being in the right place at the right time.

I saw an identical one, I think it a few years post-'81manufacture, in same condition, go for $1200 (sold for $1200) a few months ago in my area (Western New York). I've seen blued 4" around the same 80s era, somewhat used but no more, about $800 and sell at that. The smaller barrel I don't know.
I assume it's more. But others would know more than I about that.

+1 Good Comment? | | Report
from Jere Smith wrote 3 years 7 weeks ago

Or this one.

Best Answer - Chosen by Asker
I paid $150. for my first Python, a small fortune in the Sixties. Then a very reasonable $460. in the Eighties for a Colt Royal Blue beauty w/4" barrel.

Assuming that the Python you are asking about is the original Colt nickel finish and is 99% or better, then it is going to be high dollar. You say it is a limited edition? Is it the Colt Python Elite (the newest version of the Python) or the original Colt Python? If it is the Elite, then it will be shiny stainless steel and not nickel finish. The Elite will have the word "Elite" on the barrel and it is a newer version of the Colt. Also, does your serial number begin with a letter, or only numbers? No letter would make it an even earlier Python.

I paid $900. for a matte-finish stainless steel 4" original Colt Python with original Colt rubber presentation grips about two years ago. I paid a thousand+ for an original Royal Blue 6" Python w/wooden original Colt grips 100% like new this year.

Although it is hard to appraise firearms without seeing them, if your Python is original and 99% complete: $1,000. You can write to Colt firearms and send in your Python's serial number for a complete history of your revolver. Used to be about sixty bucks for that service depending on how fancy you wanted the return letter to be.

Remember, they're not making anymore Pythons so I would consider keeping it (if you are the seller). If you're the buyer offer eight or nine-hundred and see what happens.

+1 Good Comment? | | Report
from 99explorer wrote 3 years 7 weeks ago

The worth of a thing is the price it will bring.
At recent gun shows in my area, there were no Pythons offered for less than $1,000 and none for more than $1,200. Excellent condition with box.

+2 Good Comment? | | Report
from RES1956 wrote 3 years 7 weeks ago

Go to www.gunbroker.com to see what the market will bear. I believe that the revolver you have is nickel and not stainless, could be wrong, but I do not think Colt offered this pistol in 79 in anything other than nickel or blue. Regardless, it is a fine revolver, probably the best Colt ever made,,,

+1 Good Comment? | | Report
from deerhunterrick wrote 3 years 7 weeks ago

I was at an auction last month in michigan and saw Pythons go for $1300 and up. Anaconda for $1650 and a Diamondback for $1200. Check out www.gunbroker.com and look at the prices people are willing to pay for them. Then add 25% above that price and you"ll be close. $1900 to $3500 for MIB. There is an outragious interest right now for these guns. Worth holding on to at the moment for sure.

+1 Good Comment? | | Report
from WA Mtnhunter wrote 3 years 7 weeks ago

$850-$1,000. Paying more is foolish.

+1 Good Comment? | | Report
from BILLP61 wrote 3 years 7 weeks ago

This is not an answer , but a question . I have a chance to buy basically the same gun. But blued 6" bbl mint cond. What is a fair price ?? The seller is my brother . I don't want either of us to be slighted on the deal. Please help if you guy's can. Thanx B.P

0 Good Comment? | | Report
from Jim in Mo wrote 3 years 7 weeks ago

Can you post serial number?

0 Good Comment? | | Report
from Jim in Mo wrote 3 years 7 weeks ago

Nothing in my manuel has a Colt mfg. in '79, Have one later and have one earlier. Both NIB would go $1050.
Please enter more info for guns such as a Colt, they have great historical value.

0 Good Comment? | | Report

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from 99explorer wrote 3 years 7 weeks ago

The worth of a thing is the price it will bring.
At recent gun shows in my area, there were no Pythons offered for less than $1,000 and none for more than $1,200. Excellent condition with box.

+2 Good Comment? | | Report
from Jere Smith wrote 3 years 7 weeks ago

Look here, they are probably going for MORE now!

Old 11-26-2008, 01:05 PM
gvf gvf is offline
Senior Member

Join Date: Jan 2007
Posts: 663
gvf is on a distinguished road
Default Fyi:
I have an '81, bought in 2006 for $439. Hardly fired - maybe just test fired when I bought it. Nickel 4". Same grips etc. as yours.

Before you throw yourself off a cliff that is NOT the usual price for a used Python, but my being in the right place at the right time.

I saw an identical one, I think it a few years post-'81manufacture, in same condition, go for $1200 (sold for $1200) a few months ago in my area (Western New York). I've seen blued 4" around the same 80s era, somewhat used but no more, about $800 and sell at that. The smaller barrel I don't know.
I assume it's more. But others would know more than I about that.

+1 Good Comment? | | Report
from Jere Smith wrote 3 years 7 weeks ago

Or this one.

Best Answer - Chosen by Asker
I paid $150. for my first Python, a small fortune in the Sixties. Then a very reasonable $460. in the Eighties for a Colt Royal Blue beauty w/4" barrel.

Assuming that the Python you are asking about is the original Colt nickel finish and is 99% or better, then it is going to be high dollar. You say it is a limited edition? Is it the Colt Python Elite (the newest version of the Python) or the original Colt Python? If it is the Elite, then it will be shiny stainless steel and not nickel finish. The Elite will have the word "Elite" on the barrel and it is a newer version of the Colt. Also, does your serial number begin with a letter, or only numbers? No letter would make it an even earlier Python.

I paid $900. for a matte-finish stainless steel 4" original Colt Python with original Colt rubber presentation grips about two years ago. I paid a thousand+ for an original Royal Blue 6" Python w/wooden original Colt grips 100% like new this year.

Although it is hard to appraise firearms without seeing them, if your Python is original and 99% complete: $1,000. You can write to Colt firearms and send in your Python's serial number for a complete history of your revolver. Used to be about sixty bucks for that service depending on how fancy you wanted the return letter to be.

Remember, they're not making anymore Pythons so I would consider keeping it (if you are the seller). If you're the buyer offer eight or nine-hundred and see what happens.

+1 Good Comment? | | Report
from RES1956 wrote 3 years 7 weeks ago

Go to www.gunbroker.com to see what the market will bear. I believe that the revolver you have is nickel and not stainless, could be wrong, but I do not think Colt offered this pistol in 79 in anything other than nickel or blue. Regardless, it is a fine revolver, probably the best Colt ever made,,,

+1 Good Comment? | | Report
from deerhunterrick wrote 3 years 7 weeks ago

I was at an auction last month in michigan and saw Pythons go for $1300 and up. Anaconda for $1650 and a Diamondback for $1200. Check out www.gunbroker.com and look at the prices people are willing to pay for them. Then add 25% above that price and you"ll be close. $1900 to $3500 for MIB. There is an outragious interest right now for these guns. Worth holding on to at the moment for sure.

+1 Good Comment? | | Report
from WA Mtnhunter wrote 3 years 7 weeks ago

$850-$1,000. Paying more is foolish.

+1 Good Comment? | | Report
from BILLP61 wrote 3 years 7 weeks ago

This is not an answer , but a question . I have a chance to buy basically the same gun. But blued 6" bbl mint cond. What is a fair price ?? The seller is my brother . I don't want either of us to be slighted on the deal. Please help if you guy's can. Thanx B.P

0 Good Comment? | | Report
from Jim in Mo wrote 3 years 7 weeks ago

Can you post serial number?

0 Good Comment? | | Report
from Jim in Mo wrote 3 years 7 weeks ago

Nothing in my manuel has a Colt mfg. in '79, Have one later and have one earlier. Both NIB would go $1050.
Please enter more info for guns such as a Colt, they have great historical value.

0 Good Comment? | | Report

Post an Answer