This is insane...

[cw1873]

I've been watching Paterson replicas on the big auction houses for about a year and I have yet to see one go for under $1k in any condition.

A nice No 5 did auction last week for a little over $250k.... a little out of my budget.

 

[jonathan butcher]

Exactly the point of my post. While other Italian reproductions may have gone ‘up’ the Paterson repros have gone through the roof, selling at 4-5 times their value. Not Navy’s, not Armys, the Italian made Paterson. I can’t explain it.

I've been watching Paterson replicas on the big auction houses for about a year and I have yet to see one go for under $1k in any condition.

A nice No 5 did auction last week for a little over $250k.... a little out of my budget.

 

[sourdough]

Exactly the point of my post. While other Italian reproductions may have gone ‘up’ the Paterson repros have gone through the roof, selling at 4-5 times their value. Not Navy’s, not Armys, the Italian made Paterson. I can’t explain it.

No one is making them anymore, and what stock is left is mostly the Cavalry Model which is actually not preferred by many Paterson aficionados.

 

[jonathan butcher]

What's the cavalry model ?

No one is making them anymore, and what stock is left is mostly the Cavalry Model which is actually not preferred by many Paterson aficionados.

 

[sourdough]

It is a Pietta.

 

[Whitworth]

Paying $2175 for that pistol is just an example of total ignorance on the part of the buyer. Whoever it was must have thought the pistol was an original Paterson in premium condition.
I can't totally fault the seller in this sale either. He most clearly shows the pistol laying on top of the Uberti box it came in, in one of the photos.

When I say "can't totally fault", that doesn't mean I consider the deal as something an honest man would do. If he was an honest person he would have told the buyer the gun is a modern Italian replica and not worth that much money. If he did that and the "winner" of the bid still wanted to pay that amount then the seller should thank them and take the total amount.

Don't forget it takes two to Tango at an auction. Going from $750 to $2175 shows there was at least one other bidder in line right behind his winning bid. Personally Pattersons never did much for me, always looks like a few parts are missing.

 

[hawkeye2]

No one is making them anymore, and what stock is left is mostly the Cavalry Model which is actually not preferred by many Paterson aficionados.

Yeah but the photo is a LeMat and not a Patterson.

 

[jonathan butcher]

I may have thought that too, that the buyer was confused into thinking it was original. The thing is there’ve been at least three repro Paterson’s with all of them going for $2k plus. All three. My personal opinion is the buyers knew very well they weren’t original and that this is now the going rate for Italian Paterson revolvers. Personally I wouldn’t pay more than $700 for one and THAT is high in my book. I don’t have to worry though, there aren’t any selling for a reasonable price anywhere online.

Paying $2175 for that pistol is just an example of total ignorance on the part of the buyer. Whoever it was must have thought the pistol was an original Paterson in premium condition.
I can't totally fault the seller in this sale either. He most clearly shows the pistol laying on top of the Uberti box it came in, in one of the photos.

When I say "can't totally fault", that doesn't mean I consider the deal as something an honest man would do. If he was an honest person he would have told the buyer the gun is a modern Italian replica and not worth that much money. If he did that and the "winner" of the bid still wanted to pay that amount then the seller should thank them and take the total amount.

 

[sourdough]

Yeah but the photo is a LeMat and not a Patterson.

Oops! Oldtimer's disease! I totally concur.

Jim

 

[RB POWELL]

I'm beginning to wonder if I should sell some of my "new in the box" BP kit guns, and never fired Pietta, and Uberti revolvers. Not sure I'll ever get around to them...

 

[jonathan butcher]

if you decide to please pm me, one never knows what one might want/ need!

I'm beginning to wonder if I should sell some of my "new in the box" BP kit guns, and never fired Pietta, and Uberti revolvers. Not sure I'll ever get around to them...

 

[sourdough]

I'm beginning to wonder if I should sell some of my "new in the box" BP kit guns, and never fired Pietta, and Uberti revolvers. Not sure I'll ever get around to them...

IMO, this would be the perfect time to do so. There is a want for these guns during the pandemic as supplies are low, and when it is "over" the Italian factories will surely be producing many of them, and when the supply is greater than the demand prices will surely go down. There are also many revolvers coming out of closets and safes whose owners would not have offered them for sale if not for the current market.

Regards,

Jim

 

[RB POWELL]

IMO, this would be the perfect time to do so. There is a want for these guns during the pandemic as supplies are low, and when it is "over" the Italian factories will surely be producing many of them, and when the supply is greater than the demand prices will surely go down. There are also many revolvers coming out of closets and safes whose owners would not have offered them for sale if not for the current market.

Regards,

Jim

Thanks, I'll consider it. They are pretty, but they aren't doing me any good in the safe.

 

[Larry P]

Three weekends ago I bought a Uberti colt paterson revolver with the loading lever for $600 at a Tulsa gun show. I had bought one just like it in the early eighties but to raise money for a trip to Africa I sold it along with more of my collection to pay for my trip. I had looked for years to replace it but until recently given up all hope. I honestly don't think the gun has been fired but it has a number of handling marks like someone sit around the fireplace at night working the action and daydreaming what would have been like to have fought off a band of Indians with this pistol. Function wise it's perfect in all respects and the bluing is much like a royal blue. Unfortunately it came without a factory box like so many guns sold at gun shows but I'm tickled pink to have finally found one I could afford. At present I have no plans to shoot it but who knows I might someday. For those who are looking for a paterson keep looking there's bound to be one out there somewhere.

 

[OldMaineWoodsman]

Well, I was out scouting one of my deer spots this morning. After I stopped at one of the bigger gun shops here in Virginia where I live. They have always had traditional muzzle loading items, and one of the few left locally who actually sell Black Powder. I saw plenty of new Taylor's percussion revolvers in stock, at normal prices. At a glance I saw 1860 Army, 1851 and 1861 Navy models, along with a Whitneyville Dragoon. A few boxes of various round ball calibers and even some modern ammunition in the most popular calibers. We may be seeing a light at the end of the tunnel.

I understand that the Paterson replicas have always been somewhat scarce and go for more than say an Army or Navy model, but $1K or even 2K is insane.

 

[rickystl]

Stuff at auction, original or replica is selling for twice what it was just 3-4 years ago. But once in a great while, you can hit a home run. Last year, I bought at auction, a Pedersoli 1859 Sharps Berdan Military Rifle, in new untouched condition for $425.00. That was just pure luck.

Rick

 

[Crow-Feather]

I guess some people have more money than brains.

Well, when you get that government check and really don't need it ...............................

 

[HiDesertHunter]

Paying $2175 for that pistol is just an example of total ignorance on the part of the buyer. Whoever it was must have thought the pistol was an original Paterson in premium condition.

That was my first thought as well, but it's very clear as to where the pistol came from.

With regard to seller dishonesty I can't see it. He in effect did 'tell' the buyer it was a replica in his ad and clearly represented it as such. And it is an auction site and no one forced the buyer to bid on it. Don't forget 'buyer beware'

 

[Smokey Plainsman]

Beautiful gun though.

Still anyone that ever looked at a parts schematics for the early Paterson Colt’s can easily see they were GREATLY simplified as time went on towards the Navy model.

 

[jonathan butcher]

This is what I was talking about;

https://www.gunbroker.com/item/902957128

Exactly the point of my post. While other Italian reproductions may have gone ‘up’ the Paterson repros have gone through the roof, selling at 4-5 times their value. Not Navy’s, not Armys, the Italian made Paterson. I can’t explain it.