jtrade
09-26-2009, 08:44 AM
Ran across these articles & thought I would post them here for all the Garand Fanboys!!
From:
http://www.examiner.com/x-2206-Cleveland-Gun-Rights-Examiner~y2009m9d23-South-Korea-planning-sale-of-86000-Garand-rifles-to-US-citizens (http://www.examiner.com/x-2206-Cleveland-Gun-Rights-Examiner%7Ey2009m9d23-South-Korea-planning-sale-of-86000-Garand-rifles-to-US-citizens)
"South Korea's defense 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. 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.
From:
http://english.chosun.com/site/data/html_dir/2009/09/23/2009092300791.html
"Korea will sell outdated M1 and carbine rifles used during the Korean War and the Vietnam War to the U.S. gun enthusiasts. They have long lost their value as firearms, except that reserve forces sometime use them.
The Defense Ministry's "green" logistics planning division said it decided to sell about 87,000 M1 and some 35,000 carbine rifles to the U.S. by the end of the year. "Importers are very interested in them as many Americans want to buy them as curios for their collections."
The ministry estimated their expected sale prices at US$220 per M1 and more than $140 per carbine. Korea could earn more than $20 million from the first shipment of those rifles. In fact, the old M1 or carbine rifle is traded at more than $1,000 in some cases in the U.S., a military officer said.
The Army and the Navy will get rid of all their stockpiles of M1s, but the ministry expects to keep earning dollars as it still keeps about 640,000 carbines for the reserve forces, which could also be disposed of as the reserve forces' equipment will be modernized by 2020.
The ministry's logistics planning division concluded that there is no legal problem selling the guns although a considerable amount of them were given by the U.S. to Korea as aid supplies.
M1s were made first in the U.S. in 1926, and many were used later in World War II and the Vietnam War. Carbines were manufactured first in 1941 and introduced to Korea in 1948, many given to soldiers during the Korean War."
J
From:
http://www.examiner.com/x-2206-Cleveland-Gun-Rights-Examiner~y2009m9d23-South-Korea-planning-sale-of-86000-Garand-rifles-to-US-citizens (http://www.examiner.com/x-2206-Cleveland-Gun-Rights-Examiner%7Ey2009m9d23-South-Korea-planning-sale-of-86000-Garand-rifles-to-US-citizens)
"South Korea's defense 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. 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.
From:
http://english.chosun.com/site/data/html_dir/2009/09/23/2009092300791.html
"Korea will sell outdated M1 and carbine rifles used during the Korean War and the Vietnam War to the U.S. gun enthusiasts. They have long lost their value as firearms, except that reserve forces sometime use them.
The Defense Ministry's "green" logistics planning division said it decided to sell about 87,000 M1 and some 35,000 carbine rifles to the U.S. by the end of the year. "Importers are very interested in them as many Americans want to buy them as curios for their collections."
The ministry estimated their expected sale prices at US$220 per M1 and more than $140 per carbine. Korea could earn more than $20 million from the first shipment of those rifles. In fact, the old M1 or carbine rifle is traded at more than $1,000 in some cases in the U.S., a military officer said.
The Army and the Navy will get rid of all their stockpiles of M1s, but the ministry expects to keep earning dollars as it still keeps about 640,000 carbines for the reserve forces, which could also be disposed of as the reserve forces' equipment will be modernized by 2020.
The ministry's logistics planning division concluded that there is no legal problem selling the guns although a considerable amount of them were given by the U.S. to Korea as aid supplies.
M1s were made first in the U.S. in 1926, and many were used later in World War II and the Vietnam War. Carbines were manufactured first in 1941 and introduced to Korea in 1948, many given to soldiers during the Korean War."
J