Surplus Garands on the Way!!

[Charlie59]

SKorea to sell 100,000 old rifles back to US

(AFP) – 11 hours ago

SEOUL — South Korea's defence ministry said Wednesday it plans to raise tens of millions of dollars by selling more than 100,000 ageing US-supplied rifles to gun enthusiasts in the United States.

Washington has approved South Korea's plan to sell about 86,000 M1 and 22,000 carbines together valued at 130 billion won (108 million dollars), the ministry said.

The rifles used during the Korean and Vietnam wars have been kept at military warehouses, it said.

"The US government recently approved our plan to sell old M1 and carbine rifles, which were given to our soldiers as part of a US aid programme," a ministry spokesman told AFP.

The rifles are occasionally used by reserve forces for drills, he said without giving details.

The military will dispose of all its M1s but will keep about 640,000 carbines for reserve forces, the Chosun Ilbo newspaper said.

"Importers are very interested in them as many Americans want to buy them as curios for their collections," an unidentified military official was quoted as saying.

M1s were made first in 1926 and used in World War II and the Vietnam War. The carbines were first produced in 1941 and used during the 1950-1953 Korean War.

South Korea provided the second-largest contingent of foreign troops in South Vietnam after its close ally, the United States.

About 320,000 South Korean soldiers served there and more than 5,000 were killed and 11,000 wounded.



I think this will put pressure on current prices-even if the rifles are rack grade and import marked.

Charlie

Information

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[limpetmine]

If you do the math, it works out to $1,000.00 USD per rifle or carbine.
Pressure, yes, but upward price pressure!!! NOT GOOD!!!.
.
.
(and that 1K is COST!)

[Ramboueille]

If you do the math, it works out to $1,000.00 USD per rifle or carbine.
Pressure, yes, but upward price pressure!!! NOT GOOD!!!.

(and that 1K is COST!)

Plus shipping @ about $2,500 per container to the US West Coast plus shipping to a warehouse plus labor. They ain't very pretty either. Do you remember Exel, Blue Sky and AOI Korean imports? Similar quality.

[M1 Rifleman]

I wouldn't jump to conclusions. It might be 10 years before the CMP gets them, if at all...

[Ramboueille]

I wouldn't jump to conclusions. It might be 10 years before the CMP gets them, if at all...

CMP is not getting them, they are open market.

[JMR]

FWIW:

Korea's Defence Ministry, quoted in Chosun IIbo, estimated a sale price of $AUD 253 per M1 and US$160 per carbine, meaning the defence force could earn $23 million from the first shipment of weapons.

http://www.brisbanetimes.com.au/worl...0924-g3cg.html

[Calif-Steve]

I think they are being bought at around $230.00 each. The importer will double the price up to around $450.00 wholesale. Retailers will want around $999.99 each. Somebody is headed for Bankruptcy Court!!! It was a real hard fight to find a "Blue Sky" Garand with a good barrel. Hard to sell a Garand at $999.99 with a bad barrel. This is gonna be fun!

[mack]

The Koreans have asked a fortune for these rifles for a number of years and never been able to get their price. Apparently, someone has agreed to their price, although there is no guarantee that these rifles will come to the U.S. Some may wind up in Europe, as the collector's market is still pretty strong there.

I wouldn't want 100,000 ex-Korean rifles in my warehouse. The likelihood of being able to sell them at a profit is pretty slim. Most will need barrels and many will have to provide donor parts to make the usable ones running firearms.

To me, that translates as new contracts for Chinese-made barrels and spare parts will be coming along. Maybe the surplus of these parts runs will provide some shooter parts for stateside Garands, but more than likely a parts nightmare as new spares are mixed with older parts. Difficulty of operation may be the result.


Then again, an overabundance of Garands is never a bad thing, even if they are rough and need new parts. Just one more variant to have to watch out for though.


It is also my understanding that CMP will not be getting any of these rifles. But, only time will tell, I suppose.

[zertouche]

I am not sure, but I dont think the CMP bids on rifles on the open, worldwide market. Ammuntion? perhaps, but probably not rifles.

More likely these rifles will end up on the auction block for those that are searching for that double squiggle marked bolt and hammer, so they can complete their "original" rifle, or sell the parts for a fortune. Headspace gauge is way, far down on list. (whats that for anyway? when was it issued? does it have a mfg. stamp on it?)

Look for them at Big 5, or gunbroke.com. = hey we dont know nuttin.

[Calif-Steve]

People need to recall the Blue Sky import of 10(?) years ago. Almost of the Garands had bad barrels. Many rifles had chu wood stocks. This will be a boon for Midway USA and Boyd's Wood. New barrels and wood will set you back around $350.00. Guys have to factor that into the purchase price. Again, "Let the Buyer Beware".