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Discussion Starter #6
Doing a bit more research it looks like an 82 or 83 model.

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According to my personal notes taken from AR15.com SP1 owners survey way back in 2006, your rifle s/n SP 174XXX was made in early 1983.

As for value they usually go high on states with assault rifle bans, pre ban usually goes for over $2K but now that Colt is no longer selling AR to civilians it should be higher.
 
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jrmyleo, It’s a 1982 Mfg made I looked up serial number in my “Colt An American Legend” book by RL. Wilson. Cuz it started at 164001 in 1982 started 192401 in 1983
 

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The SP1 isn't legal here in Marylandstan but in surrounding states they're going for $1500-$1800 with the carbine versions a bit more.
 
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