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Case Colored 1894
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Henry Mero
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December 5, 2025 - 9:10 pm
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I sure like My c.c. 1894 ser#3599 a lot better at $35,000.00, after looking at R.I.A.’s lot #12 sold for $110,000.00 plus the juice. My God that would be about $240,000.00 Cdn. by time I got it home. And the gold inlay engraved ’94, lot 19 at $475,000.00, plus, kinda boggles My mind.

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Rick C
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December 6, 2025 - 12:53 am
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Henry Mero said
And the gold inlay engraved ’94, lot 19 at $475,000.00, plus, kinda boggles My mind.
  

$925,000 Canadian landed in Canada. My wife wouldn’t be impressed with that purchase! 

 Rick C 

   

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TR
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December 6, 2025 - 2:52 am
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  RIA has found a group of collectors with deep pockets that likes nice stuff and movie stars.

   Chuck Connors 92 carbine and 94 carbine over shot the estimate of 15-25k, did it sell for 450K hammer price? Maybe I got it wrong?

   Clint Eastwood’s Three Remington pistols from “Pale Rider” hammered at 60k, 60k, and 65k. Estimates 15-25k, 15-25k, 9.5-15k.

   Get ready to see more movie guns, these prices even surprised RIA. You still have to add 20 some % to hammer price. WOW                                                                   T/R

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mrcvs
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December 6, 2025 - 3:52 am
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I watched some of the auction today including the first half hour where it took them a long time to get to the first lot, due to all the fluff.  It’s more like a Hollywood production than an auction house.  There’s also wining and dining that is atypical of other auction houses—it’s an experience.

I wanted Lot 24, the antique Winchester 1886 carbine in .38-56 with a blued frame because it didn’t ship until 1905, and it went for an okay price, but for more than I was willing to spend on it (hammer price was $15,000).

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TXGunNut
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December 6, 2025 - 4:22 am
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I wasn’t able to make it to the auction. I had a pot that needed stirring but so far it looks like I should have taken Kevin up on his gracious offer. The movie guns would have been nice to see. Yes, RIA is a first-rate experience with food, drinks, a bar and above all, unbelievable eye candy. Next time Kevin Hogan extends an offer to WACA members I hope more folks will take him up on it. TGCA members were also invited. At a recent auction TGCA set up a recruiting table and picked up a few members. 

 

 

Mike

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Jeremy Scott.
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December 7, 2025 - 1:18 am
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I watched the sale as I always do. 

That case hardened 1894 was exceptionally well preserved.  I find the mistake some people make is comparing guns to guns and not condition to condition.   There is a huge difference from 90% brilliant,bright,vibrant  case colors  vs  30% muted,faded,dull case colors.  1/3 the condition warrants 1/3  the value. 

Jeremy Scott.

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tim tomlinson
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December 7, 2025 - 5:02 am
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Jeremy,  I disagree with your straight line comparison of cost based on condition.  I do understand what you are trying to say, tho.  In my experience, it is more exponential.  10% more condition often equates to something like 30 to 40% more in cost.  After the 90% range of condition, the upward increase may be even steeper than exponential.  My observation at least.  Tim

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tim tomlinson
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December 7, 2025 - 5:29 am
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I should have added that Bert keeps up on values.  He will be along sooner or later and may correct my crude observations.  Just trying to give you the gist of the issues on price vs condition.  Tim

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Buck1967
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December 7, 2025 - 11:12 am
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tim tomlinson said
Jeremy,  I disagree with your straight line comparison of cost based on condition.  I do understand what you are trying to say, tho.  In my experience, it is more exponential.  10% more condition often equates to something like 30 to 40% more in cost.  After the 90% range of condition, the upward increase may be even steeper than exponential.  My observation at least.  Tim
  

Tim or Jeremy,

Would either of your valuations hold true if say a gun were restored by Turnbull vs just original? Thanks

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Chuck
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December 7, 2025 - 5:16 pm
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A Turnbull restoration can make the collector value less.  Especially if compared to a real nice original rifle.  I agree with Tim.  Condition vs value is not linear.  

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tim tomlinson
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December 7, 2025 - 5:19 pm
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Buck,  What I am sure Bert would or will say is, a fully restored rifle has NO original finish left, so is equivalent to a 0% rifle.  HOWEVER, there are those who collect fully restored rifles and guns by Turnbull or others.  Those prices are a totally different field and I can’t say anything credible on their values.  Tim

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Jeremy Scott.
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December 7, 2025 - 7:06 pm
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Tim, 

Obviously the substance of my comment and whom it was directed at  flew over your head and you missed the point I was making.

At no point did I comment on the condition of any gun beyond 90% condition.  

We are talking apples and oranges.  

Jeremy Scott.

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Bert H.
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December 7, 2025 - 8:09 pm
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OK, since you fellows keep mentioning my name, this is my take on the subject.

There is a significant difference in the market value of a case color finished Winchester that is graded at 30% finish versus one that is truly 90%.  The value difference is definitely not linear, and it greatly depends on the specific Model.  For instance, the Single Shot, Model 1886, Model 1887, and Model 1890 were all case color finished as standard up to the year 1901, which means that there are lots of them out there, and in every graded condition imaginable.  The values are more linear for them due to them being much more common. 

As it applies to the Models 1892 and 1894 where relatively few of them were case color finished, the rarity factor changes the value range scales somewhat.  A 30% case color Model 1886 is simply not the same as a 30% case color Model 1894.  Due to the extreme rarity of a bona fide 90% condition case color finished Model 1894, there is no possible way to predict what the value is… until the auctioneer shouts SOLD and bangs his gavel!

Bert

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Rick C
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December 7, 2025 - 8:14 pm
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I have to agree with Chuck. A Turnbull restoration certainly brings less value, versus an unmolested Original Winchester but, a Turnbull restoration may have more value to the owner who has just restored a family heirloom or rifle that has been passed down through generations that is in dire need of restoration or, they would like to bring it back to its glory days when it was originally acquired. In that case, Turnbull would be my choice.

 Rick C 

   

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Henry Mero
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December 7, 2025 - 8:46 pm
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I am still really “happy” with My 30% remaining case colored 1894, at 1/3 the value ,$35,000.00, of the R.I.A. gun, in comparison that would translate to about $73,000.00 Cdn.  Any takers?Wink

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Chris D
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December 7, 2025 - 9:50 pm
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Lets see some pictures Mr Mero 

A man can never have too many WINCHESTERS...

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TXGunNut
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December 7, 2025 - 11:15 pm
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tim tomlinson said
Jeremy,  I disagree with your straight line comparison of cost based on condition.  I do understand what you are trying to say, tho.  In my experience, it is more exponential.  10% more condition often equates to something like 30 to 40% more in cost.  After the 90% range of condition, the upward increase may be even steeper than exponential.  My observation at least.  Tim
  

Tim-

I agree, and part of that equation is that higher condition guns appeal to a larger segment of the market, at least the ones with deep pockets. Add in the rarity factor of a case hardened 94 the increase is indeed exponential. A 90% case hardened 1894 is also something you may not see again anytime soon. 

 

Mike

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Henry Mero
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December 8, 2025 - 12:31 am
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Chris , I had posted pictures of this gun a while back, but here’s a few more  20251207_191941.jpgImage Enlarger

20251207_191954.jpgImage Enlarger
20251207_192001.jpgImage Enlarger
20251207_192018.jpgImage Enlarger
. The way I read the description of the R.I.A. gun , the stock had been replaced, at the very least the gun has a story.

W.A.C.A. life member, Marlin Collectors Assn. charter and life member, C,S.S.A. member and general gun nut.

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Buck1967
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December 8, 2025 - 12:35 am
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First year production. Absolutely stunning Henry! Thanks for sharing!

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Chris D
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December 8, 2025 - 1:37 am
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What a rifle! Very nice Henry, thank you for sharing

A man can never have too many WINCHESTERS...

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