Author Topic: GB listings - 2016 - Chinese (AKA What's my Type 56 worth?)  (Read 2980 times)

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This post will keep track with a grand running total for Chinese Type 56 SKSs sold on Gunbroker since the beginning of the year.  While you can't pull individual gun sales info out of the chart you will be able to quickly and easily identify what the going rate is for a specific gun such as a good condition, factory (9696) gun in the 21 million range.  I will update this table after every monthly report.

-RM

Key:
Arsenal Condition:
As-Issued: All matching guns with original stocks and no hint of refurbishment.  Current condition may be varying, but gun must be all matching.  This is basically the configuration the gun would have been in when it was issued to the military the first time.  Perhaps it was never given out to troops to use in the field and simply sat unused until it was decommissioned.  Perhaps it was only lightly used and was still in great shape, escaping the need for major refurbishment when the time came.  There is considerable debate in the collecting community as to what constitutes an "As-Issued" gun.  Some will say that an import stamp that is required by US law invalidates the 'As-Issued' designator and this category should instead be 'unrefurbished' or 'non-refurbished'.  This is nit picking in my opinion.  No the import stamp was not there during issue, but the addition of a stamp that is required by law does not fundamentally change the arsenal condition of the gun.  I will say however, that non/unrefurbished is a 100% misnomer as it is impossible to prove.  To think that we as a collecting community are good enough to know the provenance of any particular gun is ridiculous hubris when there is so much we don't know about the Chinese refurbishment process.  We simply don't know the refurbishment status of many of these firearms and to pretend that we do is not something I want this site to promote.
Refurbished: Guns with any kind of factory or field refurbishment.  It could be a swapped out receiver cover, a simple replacement stock, or a swap out of any minuscule unserialized component such as a non blued rear sight leaf or non matching electro-pencilled gas piston.    Current condition may be varying but note that refurbished guns often match but do not have to be all matching.  Very often, the only signs of refurbishment will be a blank stock that doesn't match the handguard.
Bubba: Plastic anything, Tech sights, swapped out handguards, anything drilled and tapped, duracoated/non arsenal painted anything, banana mag w/o the original shown, anything not Chinese on the gun, hacksaw performed homemade "Paratrooper" modifications, FSB modifications, etc.  It doesn't matter if the gun can be put back close to 'original' condition easily, if it's a bubba gun when it sells, it's a bubba gun.
Uncertain: This is the designator I give when the auction is horsetrashy (not a word) enough for me to not want to guess at arsenal condition.  Photos were blurry, taken from 1000 miles away, or were of parts of the gun that nobody cares about (like 10 shots of the bayonet...hint hint).  Could be a gem or a lump of coal.  Anyone who bought it w/o seeing better photos took a gamble.

Current Condition:
Perfect: In New condition in every aspect.  (Many collectors & dealers use "As New" to describe this condition).  Unfired since import.  Something in this category likely has the box, manual, all accessories, and maybe even the original receipt with it. 
Excellent: New condition, used but little, no noticeable marring of wood or metal, bluing perfect, (except at muzzle or sharp edges).  Fired very little if at all.  Again, these guns typically have the original packaging and all accessories. 
Very Good: In perfect working condition, no appreciable wear on working surfaces, no corrosion or pitting, only minor surface dents or scratches even though the gun has certainly been fired.  May or may not have the box and all accessories. 
Good: In safe working condition, minor wear on working surfaces, no broken parts, no corrosion or pitting that will interfere with proper functioning.  Fired often, likely doesn't have the box, manual or any accessories. 
Fair: In safe working condition but well worn, perhaps requiring replacement of minor parts or adjustments which should be indicated in advertisement, no active rust, but may have corrosion pits which do not render article unsafe or inoperable.  Heavily fired to the point where wear may begin to be an issue.  No box or original accessories. 
Poor: Extensive repair needed; metal deeply pitted with active rust; may have principal lettering, numerals and design obliterated, wood badly scratched, bruised, cracked, or even broken; could be mechanically inoperative; generally undesirable.  Fired to the point of needing barrel replacement.  These type of guns should be checked by a competent gunsmith before usage.
Uncertain: This is the designator I give when the auction is horsetrashy (not a word) enough for me to not want to guess at current condition.  Photos were blurry, taken from 1000 miles away, or were of parts of the gun that nobody cares about (like 10 shots of the bayonet...hint hint).  Could be a gem or a lump of coal.  Anyone who bought it w/o seeing better photos took a gamble.

(Click on the chart and graph to see ultra high-res images of the data)


« Last Edit: June 30, 2017, 11:32:17 PM by running-man »
      

Online running-man

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Re: GB listings - 2016 - Chinese (AKA What's my Type 56 worth?)
« Reply #1 on: January 27, 2017, 02:21:09 PM »
2016 Chinese charts are all done.  Here's what we wound up with:

1149 total Chinese Military guns sold at an avg. price of $374.55.  Low was $175.01, high was $1,095.00
603 Triangle arsenals @ $374.70 avg.
81 Rectangle arsenals @ $387.93avg.
16 Oval arsenals @ $347.69 avg.
There were no Diamond arsenals changing hands this year.  They are quite uncommon.
13 DPs @ $368.15 avg.
6 DBs @ $317.33 avg.
13 Ghosts @ $$359.56 avg.
57 Blank late build (scrubbed) guns @ $377.38 avg.
13 M21s @ $446.89 avg.
and finally 347 uncertain stamped guns (these would be the ones I labeled "horsetrash") @ $376.76.

So aside from a $70 premium for an M21, everything else was pretty close to the global $374.55 avg.  It appears that arsenal really doesn't matter to the majority of buyers out there.  thumb1
I don't track Public Security guns, but I wonder if they would have the same premium as M21s? 


Arsenal condition broke down like this:
265 As Issued guns averaged $411.76.
107 Refurbished guns averaged $372.07.
573 (seriously 573!?!) Bubba'd guns averaged $359.38
and finally 204 Uncertain guns (ie Horsetrash) averaged $370.13.

Relatively clean data there, good $40 demarcation between a refurb and an as-issued gun.  Bubba costs himself on avg. $20 and oddly enough people are willing to pay the avg. price for an uncertain arsenal condition gun.

Current Condition affects price about how you'd expect going from highest to lowest.  At least this shows that my grading is somewhat in line with the market.  thumb1
Excellent 3 @ $504.67
Very Good 50 @ $498.76
Good 571 @ $392.29
Fair 338 @ $329.79
Poor 29 @ $307.30
Uncertain 158 @$376.76

It still amazes me that uncertain current condition guns go for the avg., but I guess that's what happens when someone has got to have a certain gun.

Anyhow, hope everyone enjoys.  Please let me know if anyone needs additional data broken down.
      

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Re: GB listings - 2016 - Chinese (AKA What's my Type 56 worth?)
« Reply #2 on: January 27, 2017, 06:07:59 PM »
Forgot to mention, trendline is positive for the year.  Guns gained on avg. ~$2.60 per month with a Y intersect of $358.34.  It surprised me to see this, I assumed Chinese guns were slightly decreasing in value from just the anecdotal experience I had of doing the GB listings each month.  The numbers don't lie though.  dance2