M1 Carbine Question

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So I have an early Underwood barreled receiver. Actually it's just missing the wood, everything else is there. Everything is "type 1" Such as it has no bayo lug, it has the push button safety and the flip peep rear sight. Everything that should be is marked with a "U". The action functions flawlessly as does the trigger group. I acquired this from a coworker who found it in his crawl space in his attic and brought it to a $5 white elephant gift exchange. He said it was "broken" I think he thought it was garbage due to the fact that it had no wood. He said the guy who owned the house before him was an officer in the Army during WWII and was stationed in the pacific. He also said that he found a whole mess of Japanese propaganda posters. I traded him a small bag of fireworks for the M1 and he was ecstatic!:s0155: My question is how much would this be worth. I've had offers from $25-$300, and I honestly have no clue. The barrel is stamped UNDERWOOD 4-43 with the flaming bomb which is all over the place on this thing. There is no import markings anywhere on it. The bore is bright as can be, but the overall finish is about a 75%.

Any info would be greatly appreciated!
-Adam
 
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The American Rifleman show did a segment on these recently. They noted that many companies that you may not think of produced the carbines for WWII. The Underwood typewriter company was one of these. You may be able to pull up that show on the net. I recall that the Winchester was the most highly prized in value even though they made a great number. My brother in law has one of the ones made by Inland. I believe that was the Inland division of GM. I did not save that segment to review.
 
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I looked up that segment on the M1. It aired on Feb 18th. The current article in the magazine comments on the 10 firms granted production contracts in 1941 and notes the 800,000 produced by Winchester (13 1/2%) of the total WWII productions. They are noted as the most desirable and some can have 2x value of other manufacturers rifles. That is what I have dug up at this time.
 
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So I have an early Underwood barreled receiver. Actually it's just missing the wood, everything else is there. Everything is "type 1" Such as it has no bayo lug, it has the push button safety and the flip peep rear sight. Everything that should be is marked with a "U". The action functions flawlessly as does the trigger group. I acquired this from a coworker who found it in his crawl space in his attic and brought it to a $5 white elephant gift exchange. He said it was "broken" I think he thought it was garbage due to the fact that it had no wood. He said the guy who owned the house before him was an officer in the Army during WWII and was stationed in the pacific. He also said that he found a whole mess of Japanese propaganda posters. I traded him a small bag of fireworks for the M1 and he was ecstatic!:s0155: My question is how much would this be worth. I've had offers from $25-$300, and I honestly have no clue. The barrel is stamped UNDERWOOD 4-43 with the flaming bomb which is all over the place on this thing. There is no import markings anywhere on it. The bore is bright as can be, but the overall finish is about a 75%.

Any info would be greatly appreciated!
-Adam
I'd like to think it's worth a lot more than the "restored" parts guns that seem to dominate the Carbine market. At gun shows in the Seattle area, I used to see decent-looking Carbines in the $600-$700 range, but they were often re-imports, or military rebuilds. Somewhere, the value line of the originality will cross the value line of the condition. 75% isn't great condition, so $300 might not be out of line. Of course, someone might re-park it, put an old, "correct" stock on it, and sell the "restoration" for $1000!
 
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I am sure you have seen all of this.. before. but here is the real poop.

if interested in getting stock, as original or a repo that is possible too, but you know that. I have a smith who probably has a duplicated stock and would fit this into it also
thus if you haven't sold it give me a chance, and a pm. Sandy

U.S. M1 CARBINE (MILITARY & COMMERCIAL) - .30 Carbine cal., 18 in. barrel, 15 or 30 shot box mag., wood stocked, two- or four-position aperture rear, blade front sight with protective ears, with or without bayonet lug. This weapon was designed by Winchester for the U.S. government, over 6 million were produced by 10 different companies, while Plainfield was mfg. after the war for civilian sales. It is a gas operated lightweight carbine which was also used by other countries' armed forces. Makers and values as follows. Values are for original, unmodified carbines, with proper parts makers and stock cartouches. Some variations have the type III barrel band.
Grading 100% 98% 95% 90% 80% 70% 60%
Underwood $850 $675 $495 $400 $350 $300 $275
S.G. Saginaw $825 $650 $475 $400 $350 $300 $275
Quality Hardware $850 $675 $495 $415 $370 $325 $295
Nat'l Postal Meter $950 $775 $525 $425 $375 $325 $295
IBM $950 $775 $525 $425 $370 $325 $295
Standard Products $800 $650 $495 $415 $370 $325 $295
Inland $850 $675 $495 $415 $370 $325 $295
SG Grand Rapids $950 $775 $525 $425 $375 $325 $295
Winchester $1,150 $850 $750 $550 $425 $350 $325
Irwin Pedersen $1,700 $1,400 $995 $850 $775 $675 $580
Rockola $995 $925 $700 $525 $425 $350 $325
Plainfield (Commercial only) $195 $175 $160 $150 $140 $130 $120


Add 150% for Type I original guns with flip rear sight and no bayonet lug.
Add 120% for Type II original guns with adj. rear sight and no bayonet lug.
Add 100% for Type III original guns with adj. rear sight and bayonet lug.
Subtract 30% for original finish guns that have been changed back to the original configuration by switching parts.
Subtract 50% for modified guns with adj. sight and bayonet lug.
Values below are for original mfg. only, not recent imports (usually denoted by visible import markings and/or alterations to original finish).
An Inland presentation carbine with white stock was also mfg. in limited quantities for military service organizations (i.e. V.F.W., American Legion, etc.). Values for original guns are currently in the $1,750-$2,000 range.

M1 A1 PARATROOPER CARBINE - .30 Carbine cal., mfg. by Inland - WWII production, folding stock, crossed cannon proofed on bottom, 140,000 mfg. 1942-1945. Stock folds to 26 1/2 in. overall.


Beware of after-market fakes.

M1 A1 Paratrooper Carbine TI - values assume original guns with flip rear sight and no bayonet lug.
Grading 100% 98% 95% 90% 80% 70% 60%
$4,000 $3,500 $3,000 $2,500 $2,150 $1,750 $1,450





M1 A1 Paratrooper Carbine TII - values assume original guns with adj. rear sight and no bayonet lug.
Grading 100% 98% 95% 90% 80% 70% 60%
$3,200 $2,800 $2,400 $2,100 $1,750 $1,450 $1,150





M1 A1 Paratrooper Carbine TIII - values assume original guns with adj. rear sight and bayonet lug.
Grading 100% 98% 95% 90% 80% 70% 60%
$2,600 $2,400 $2,000 $1,750 $1,500 $1,250 $1,000
 
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underwood m1 carbine presently for sale by CMP for $479 complete. regardless of what "book" price is people have a habit of buying were the same object is priced for the less money. In this case if you add the wood your gun is worth 479 if it is rack grade and 565 if service grade (grade depends on muzzle and throat wear.)
 

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