waterman
Frequent Elocutionist
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Location: Behind the Redwood Curtain
Joined: Jun 9 th, 2004
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Of Farrows & Lee Navys, or "It is what it is"
Apr 23rd, 2008 at 6:13am
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I've been following yesterday's (4/20 & 21) exchange of posts Re: the Farrow rifle in the For Sale section. Coincidentally, I received the May 2008 issue of the American Rifleman yesterday. On the back "I have this old gun" page, the writer discusses a Lee Navy. It's not a Single Shot, but there is a point to be made. I've been interested in the Lee Navy for over 50 years. I've looked at scores of them over the years. The writer says the rifle in the photo is "NRA Fair", with 50 to 60 % of original finish. I disagree. I have never seen a Lee Navy as nice as the one pictured. I have seen photos of 2 Lees that looked that good and both were advertised (correctly, IMHO) at 95 %+. The rest that I have seen were in far worse condition, but are usually advertised as in "NRA Good" condition. The writer cites the 28th Ed. of the Blue Book of Gun Values and says that a military Lee Navy in 60 % condition is worth $1,000, then ups the value to $1,500 on scarcity. The writer then goes on to say that one of the 54 rifles recovered from the USS Maine would be worth 4 times that amount. Flayderman (9th Ed) says the Lee Navy musket is worth $950 in VG and $2,000 in Exc. condition. All I can say is that I have been tracking sales of Lee Navy Muskets over a long time and tracking them intensively for the last year and I think the experts are wrong. Last December, I went to the Reno gun show with $2,500 in my pocket. I went especially to get a Lee Navy. I saw 2 for sale. One of the USS Maine rifles went for $35,000. I was offered one in legitimate "NRA Good" (or maybe worse) condition for $4,000, which I declined. The rifle pictured would easily bring $3,900 and quite possibly something in excess of $4,000. The average rifle, much used by the USMC and certainly no better than NRA Good, is selling for $3,250 to $3,500. In the Technical Q&A section of the May 2008 issue of AR (page 42) someone asks about restoring a 1915-vintage 1903 Springfield to original condition. The Technical Editor advised the guy to forget the restoration and that "it is what it is". The Rock Island Arsenal WW2 rework changed the rifle too much and restoration was impractical. What does all this have to do with a Farrow? Read the Farrow thread. Flayderman's 9th Ed says a Farrow No. 1 in VG condition is valued at $4,000 and in Exc. condition is valued at $10,000. Are they selling for that? I don't know, but to support such values, a Farrow must have a Farrow barrel, one of the 14 groove jobs, in near perfect condition and all the rest of the bells & whistles. Lacking the Farrow barrel, "it is what it is".
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