Welcome to the Forum!
Thats a beauty!
I think it looks great as is.
Thats a beauty!
I think it looks great as is.
Long time AR15 owner, builder, and shooter.
First time Colt owner.
This rifle and others were recently found while tearing down a house that was long abandoned. The roof had collapsed, causing local government to mandate the demolition. The guns were found in the basement, and show exposure to moisture. Considering they were pulled out using an excavator with hydraulic thumb, I am thankful there isn't any significant damage. Some of the guns were beyond salvage, but this SP1 is fully functional and ready for a test fire after work today. I gave $800 for this rifle, which I felt wasn't an amazing deal but still a deal.
SN is 172XX which dates it to 1971 from what I looked up. I have ordered a Colt factory archive letter for it. It has what appears to be an original magazine as far as I can tell (Colt marked floor plate with small lettering, dull gray follower, white circular sticker on each side), and the magazine was loaded with 5.56 ammo with a "TW 69" headstamp. How cool is that? The mag holds 20 rounds, so the 5 round block was removed at some time. Based on my homework, I don't believe any parts have been replaced or modified.
The receiver unfortunately has some corrosion damage to the finish. I don't plan to refinish it. I would like to eventually remove all the steel parts and refinish them, but for now it is cleaned, oiled, and enjoyable.
The left side of the receiver is missing the selector and manufacturer markings. I was researching that which led me to this forum and I thought I would share what I found. I saw one other person posted a similar SP1 "blem" some years ago on this forum.
Some questions:
1. Given the current condition, and it being a blem, etc., what should I value it at for insurance purposes?
2. Should I restore the steel parts or leave it all as is? (assume I can do a proper job on restoring the steel parts - sand blast, hot blue, etc)
3. I understand the differences in .223 vs 5.56 chambers, but based on the experience of SP1 owners, can these rifles safely chamber and fire modern 55gr M193 ammo? Or should I stick to American Eagle .223 Rem 55gr?
Thanks!
Before cleaning:
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After:
(I had an extra sling laying around to toss on)
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The same treasure hunt also yielded an Armalite AR-180 built in Costa Mesa, one of the first 200 guns. But I know this isn't the forum for that so I will only share this one photo. It has a lot of surface rust but should restore nicely. Already test fired it and it works perfect. Like two
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It is stamped 223 and the internal block is not present.Has the magazine floorplate stamped for 223 Remington or 5.56 mm?
Does the magazine have the original internal block . . .limiting capacity to 5 rounds?