South Korea planning sale of 86,000 Garand rifles to US citizens

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glostamon

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South Korea planning sale of 86,000 Garand rifles to US citizens

September 23

South Korea's defence ministry has announced plans to sell up to 86,000 M1 Garand rifles to gun enthusiasts and collectors in the United States. Along with a reported 22,000 M1 carbine rifles, the total value of firearms for sale exceeds $100 million.

The U.S. government has approved the plan for sales of the rifles, which were originally given to South Korea as part of a U.S. aid program in the 1950's.

The M1 is reportedly the first semi-automatic rifle generally issued to the infantry of any nation and saw service in the U.S. military from 1936-1966, primarily during World War II, the Korean War, and the Vietnam War. Subsequently, the M1 became a highly sought after collectors item, particularly through the Civilian Marksmanship Program. The U.S. military also sells surplus M1 rifles through the program.

A well-maintained Garand is both accurate and reliable, and the rifle is popular for hunting, target shooting, competitive shooting, military parades and reenactments as well as being prized collector pieces.

South Korea expects this sale to raise tens of millions of dollars.

South Korea planning sale of 86,000 Garand rifles to US citizens


http://www.examiner.com/x-2206-Clev...ng-sale-of-86000-Garand-rifles-to-US-citizens
 
At those numbers, the average price is $926, and just over 20% of the units are carbines rather than M1 Garands. They must be some mighty fine specimens to command that price.
 
The U.S "loans" the rifles to S.Korea and they sell them back to us...Geneis!

...I want one [grin]
 
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