The Remington Model 550-1 holds a special place in the hearts of many firearm enthusiasts. This pump-action shotgun, produced from 1962 to 1980, offers a blend of reliable functionality and classic design. However, determining its value today requires a nuanced approach, considering several key factors. This guide will help you understand what influences the price of a Remington Model 550-1 and how to best assess its worth.
Factors Affecting Remington Model 550-1 Value
Several factors significantly influence the value of a used Remington Model 550-1. These include:
1. Condition: The Cornerstone of Value
The condition of the shotgun is arguably the most critical determinant of its value. This encompasses several aspects:
- Bore Condition: A pristine, bright bore significantly increases value. Rust, pitting, or significant wear dramatically reduce it.
- Stock Condition: Cracks, chips, scratches, and overall wear on the stock (wood or synthetic) impact value. Original finish preservation is highly prized.
- Metal Finish: Bluing wear, rust, and pitting on the receiver and barrel negatively affect value. A well-preserved original finish commands a premium.
- Mechanical Function: A smoothly functioning action is essential. Problems with the pump, firing mechanism, or safety can significantly devalue the firearm.
2. Barrel Length and Gauge
The barrel length and gauge of the shotgun also affect its value. Shorter barrels are generally more desirable for hunting and home defense, potentially commanding a slightly higher price. The most common gauge is 12-gauge, but 20-gauge versions exist, which may have a slightly different collector's value.
3. Accessories and Documentation
Original accessories, such as the factory box, manual, choke tubes (if applicable), and cleaning kit, significantly enhance the value. Any documentation related to the shotgun's history or provenance also adds to its desirability.
4. Rarity and Variations
While the Model 550-1 wasn't produced in a huge variety of configurations, subtle differences, like specific variations in stock style or markings, can impact value. Some rare variations might fetch significantly higher prices than more common models.
5. Market Demand
The current market demand for the Remington Model 550-1 is another crucial factor. Fluctuations in the firearms market, driven by factors like current events and economic conditions, can influence the prices you see.
How to Determine the Value of Your Remington Model 550-1
To get a reasonable estimate of your Remington Model 550-1's value, consider these steps:
-
Thoroughly Inspect the Shotgun: Carefully examine the firearm for any damage, wear, or imperfections, noting everything mentioned above.
-
Research Online Resources: Utilize online resources like auction sites (GunBroker, etc.) to see what similar models in comparable condition are selling for. Note that prices can vary widely.
-
Consult with Firearms Appraisers: For a more accurate valuation, especially for high-condition or rare variations, consult with a professional firearms appraiser. They can provide a detailed assessment based on their expertise.
-
Consider the Overall Market: Be aware that market conditions are constantly shifting, so the value you find today may not be the same tomorrow.
Conclusion: A Classic Worth Preserving
The Remington Model 550-1 represents a piece of firearms history. Understanding the factors that influence its value allows you to appreciate its worth more accurately. Whether you're a collector, shooter, or simply curious, this guide offers a starting point for understanding the nuances of this classic pump-action shotgun. Remember to always handle firearms responsibly and safely.
