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Joined: Feb 2007
Posts: 126
Sidelock
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OP
Sidelock
Joined: Feb 2007
Posts: 126 |
A customer of mine is looking to bid on a Parker VHE 28 ga, completely restored by delGreco. How does this affect the value of the gun in relation to Blue Book values?
Any help or advice would be greatly appreciated.
Last edited by HackCW; 06/13/08 07:08 PM.
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Joined: Mar 2002
Posts: 7,693 Likes: 450
Sidelock
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Sidelock
Joined: Mar 2002
Posts: 7,693 Likes: 450 |
For most collectors any restorations destroys the collectors value. That said many guns have been freshened up over the years and most people do not even know about it. It pays to keep high grade guns in pristine shape or have them returned to pristine shape if it can be done with out detection. Badly done restorations make guns into shooters in my book. If anyone knows how to do it right it is DelGreco. That assumes the last customer wanted it done right.
Now another thing to consider is that there are not that many Parker VHE 28's out there. How badly does your customer want one? If he passes on this one he may have to wait months to years before the next one comes along. Look at the quality of the restoration before you decide to pass on this gun. If it is well done I might just accept the gun as is. It would be much higher on my list than one of the later repro Parkers.
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Joined: Feb 2006
Posts: 1,600 Likes: 13
Sidelock
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Sidelock
Joined: Feb 2006
Posts: 1,600 Likes: 13 |
A refinished Parker VHE 28 ga. is what it is and should be valued as such. As KY Jon said, it all depends on how well it was done. I think it is a dirty trick if someone tries to pass a refinished gun on as high-condition original, though most experienced collectors would be able to determine a refinish from an original. A lot of guns got pretty beat up and worn from decades of field use and a VHE was made as a field gun, so its refinished condition may be worth a hell of a lot more than what it might have been before refinishing. The only reason (in my mind) to refinish a gun is if it is just plum worn out and used up.
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Joined: Feb 2007
Posts: 126
Sidelock
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OP
Sidelock
Joined: Feb 2007
Posts: 126 |
For arguments sake, if the gun were worth $8000 in it's original unaltered state, say 50% case & blue, barrels unblemished; what would be a fair price for the gun if it were restored to pristine condition by delGreco.
Thanks for the advice & comments.
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Joined: Apr 2008
Posts: 640
Sidelock
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Sidelock
Joined: Apr 2008
Posts: 640 |
Off the top IMO I would say it would drop it 1/4 to 1/2 from the blue book index. A generalization.
But the Del Grego/Turnbull and other quality jobs will retain increased value as compared to some of the "hacked jobs" you will see if you look. There are big difference in prices in big difference in quality work.
Last edited by Timothy S; 06/13/08 11:58 PM.
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Joined: Apr 2005
Posts: 1,109 Likes: 91
Sidelock
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Sidelock
Joined: Apr 2005
Posts: 1,109 Likes: 91 |
Has your customer verified the gun was redone by Del Greco, or is that just what the seller is telling him? The Larry Baer book opines that redone guns should be valued at no more than NRA"Good", but from what I have observed that may be changing, esp. with a 28.
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Joined: Feb 2006
Posts: 1,600 Likes: 13
Sidelock
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Sidelock
Joined: Feb 2006
Posts: 1,600 Likes: 13 |
Not to take anything away from Del Grego because for what they do, they do it very well. . . that being said, if the VHE was produced in the Parker Bros. Meriden days it would not look that way after leaving Del Grego's shop. They do them up the way Remington did them which, for a Parker Bros. Meriden era gun, is wrong and in my mind very much devalues a Parker. Just my HO
Dean Romig
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Joined: Mar 2006
Posts: 1,935
Sidelock
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Sidelock
Joined: Mar 2006
Posts: 1,935 |
The biggest part of the fallacy regarding restored guns is that it often compares something that exists (a restored gun in 100% condition) to something that doesn't exist (an original gun in 100% condition).
There are probably more misleading 'truths' in the Parker community than any other. For example, 'condition means everything to a collector' is a big lie. Another one is 'never say never when it comes to Parkers'. Another one is 'ejector guns are worth XX% more than non ejector guns.'
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Joined: Feb 2006
Posts: 1,600 Likes: 13
Sidelock
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Sidelock
Joined: Feb 2006
Posts: 1,600 Likes: 13 |
GregSY, I disagree with you about "never say never" being a lie or a "misleading 'truth'" There are countless contradictions to what has been written about Parkers by the experts and what is on record in the archives of copied stock books and order books to the extent that the word "never" has been proven to be the "lie."
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Joined: Apr 2008
Posts: 640
Sidelock
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Sidelock
Joined: Apr 2008
Posts: 640 |
Dam16, doesn't it make sence that a late gun would ring true with a Del Grego re-finish? I agree that a early gun with the late finish does not look right.
Greg, I agree with you regarding the ejectors and Parkers. That is the way it is, but damn it is way out of wack.
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