Fair market value CMP M1911???

[Ridge]

but the CMP had to build a special storage facility to be able to get the guns. That could not have been cheap.

According to this article, it costs the Army $200k a year for the storage. It also says they'll release 10,000 a year, so 9 years of storage at $200k comes to $1.8mil. Assuming every single one of those were Rack Grade at $850 (unlikely), they are looking at $8.5 million per year, more than 5 and a half times the storage cost.

And the guys and gals that work at the CMP that will receive, check over every gun, sort, classify and catalog every serial number don't work for free.

With an estimated profit of $7 million per year, those are some highly paid folks for disassembling such a basic firearm.

[Bailey Guns]

According to this article, it costs the Army $200k a year for the storage. It also says they'll release 10,000 a year, so 9 years of storage at $200k comes to $1.8mil. Assuming every single one of those were Rack Grade at $850 (unlikely), they are looking at $8.5 million per year, more than 5 and a half times the storage cost.



With an estimated profit of $7 million per year, those are some highly paid folks for disassembling such a basic firearm.

And what about the previous 3 to 5 decades of storage and storage beyond the 9 years during which the guns will be sold? In the grand scheme, the money isn't a large amount. It's not gonna pay off the national debt and it's not gonna be an expense that's probably on anyone's radar.

[Ridge]

And what about the previous 3 to 5 decades of storage and storage beyond the 9 years during which the guns will be sold? In the grand scheme, the money isn't a large amount. It's not gonna pay off the national debt and it's not gonna be an expense that's probably on anyone's radar.

The CMP isn't paying the Army's storage fees.

[Bailey Guns]

The CMP isn't paying the Army's storage fees.

Well that's what you're comparing to the total yearly sales price. Regardless, we're talking about cost to taxpayers. Taxpayers either pay to continue to store them indefinitely or the CMP sells them and makes a small profit. Obviously the smart thing to do from a financial standpoint is sell them.