The Colt Police Positive, particularly the 1905 variant chambered in .38 Special, holds a significant place in firearms history and among collectors. Determining its value, however, requires a careful examination of several key factors. This guide will help you understand what influences the price of a 1905 Colt .38 Special Police Positive and how to approach appraisal.
Key Factors Affecting Value
Several crucial elements dictate the value of a 1905 Colt .38 Special Police Positive. These go beyond simply its age and condition.
1. Condition: The Foundation of Value
The condition of the firearm is paramount. Collectors meticulously grade firearms based on a scale considering various aspects:
- Mechanical Condition: Does the firearm function correctly? Are all parts original and in working order? A flawlessly functioning revolver will command a higher price than one needing repair.
- Bore Condition: The rifling inside the barrel significantly impacts value. A pristine, sharp bore is highly desirable, while a pitted or heavily worn bore will drastically reduce value.
- Metal Finish: Original finish, or the extent of its preservation, matters greatly. A revolver with most of its original bluing intact will be worth substantially more than one showing significant wear, rust, or refinishing.
- Grips: Original grips are highly sought after. The condition of the grips—whether they are original Colt grips, their material (wood, rubber, etc.), and their condition—all influence value.
- Markings: The clarity and integrity of the manufacturer's markings (Colt markings, serial number, etc.) are important. Obscured or altered markings lower value.
2. Rarity and Variations: Specific Features Matter
Certain variations within the 1905 Colt Police Positive model are more rare and valuable than others. These might include:
- Specific Serial Number Ranges: Certain serial number ranges might be associated with specific production runs or unique features.
- Special Order Features: Did the revolver have any special features or modifications when it left the factory?
- Accessories: Original boxes, papers, holsters, or other accessories significantly increase value.
3. Provenance: History Adds Value
Knowing the history of the firearm can significantly enhance its value. Documentation showing its previous ownership, or connection to a notable person or event, adds a compelling narrative and boosts desirability among collectors.
How to Determine Value
Accurately assessing the value of your 1905 Colt .38 Special Police Positive requires expertise. Several avenues exist:
- Consult with Firearms Appraisers: Experienced firearms appraisers specialize in evaluating antique and collectible firearms. They can provide a professional valuation based on a thorough examination.
- Research Online Resources: While online resources can provide general guidelines, they shouldn't be relied upon for precise valuation. Websites and forums dedicated to Colt firearms can provide valuable information.
- Review Auction Results: Examining recent auction results for similar Colt Police Positives can give you a general idea of market prices, but remember that condition and specific details greatly influence the final price.
Conclusion
The value of a 1905 Colt .38 Special Police Positive is not a single, fixed number. It’s a dynamic assessment based on several interacting factors. By carefully considering the points outlined above, you can gain a better understanding of what your firearm might be worth. Always seek professional appraisal for a definitive valuation, especially before making any significant transactions. Remember, responsible firearms ownership includes proper storage and safe handling.
