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Colt Python Value Guide (2026): What Yours Is Worth by Year, Barrel and Finish

Last updated October 10, 2026 · By Nick Hall, who put 1,200 rounds through the current Python for our review and has bought, shot and sold originals from the first production run

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QUICK ANSWER A used Colt Python is worth about $755 to $1,300 if it’s a 2020-on gun and about $1,395 to $4,302 if it’s an original from the 1955 to 2005 run. That’s from the 68 completed sales I logged between September 19 and October 10, 2026. The median original sold for $1,810. Dealers ask more: the 60 used Pythons listed with our dealers on October 10 ran $1,045 to $7,631, with a median of $2,266. Rare and top-condition guns at the big auction houses go far higher, up to $34,500 for a first-year 1955 gun. An original box added about $895 in my log, a 2.5 inch barrel beat a 6 inch by about $673, and a new Python starts at $1,143.99. Colt doesn’t print a serial number table for the model, so date yours with the search box on Colt’s website. Our Colt serial number lookup page shows how.
Table of Contents

What a Colt Python Is Worth Today

There isn’t one Colt Python market. There are three, and the same revolver can be worth $1,810 in one and more than $3,300 in another. Which number is yours depends on where the gun would sell and how good it really is.

The floor is the online auction market, where ordinary owners sell to ordinary buyers. I logged 68 completed sales of used Pythons between September 19 and October 10, 2026, and sorted each one by what its listing said. Forty-three were originals from the first production run. They sold for $1,395 to $4,302, and the median was $1,810.

The middle is dealer asking prices. On October 10, 2026, our dealers listed 60 used Pythons from $1,045 to $7,631, with a median ask of $2,266. A dealer price buys you an inspection, a return window and a grade from someone who does it every day. It’s also only an ask. Sixteen of those 60 had been marked down since we first saw them.

The ceiling is the premier auction house. Rock Island Auction says its average for a plain original Python in very good to excellent condition has stayed above $3,300 for four years, buyer’s premium included. That figure leaves out the rare guns on purpose. Rare is where a first-year 1955 Python brings $34,500.

Here’s how far apart they sit. Four 1968 Pythons sold online in my three weeks, from $1,530 to $3,975. A dealer in our network is asking $4,200.99 for a 1968 gun right now. Same year, different buyer.

The live numbers from our own dealer listings are below. They refresh every night, so they’ll drift from the October 10 figures I’ve quoted.

60 used Colt Python listings are live with our dealers today, $1,045 to $7,631, median $2,266. That is 67% above the $1,360 median for a new one.

Used Colt Python pricing across 1 dealer, read from live listings on 10 October 2026.
Listings tracked60
Lowest asking price$1,045
Median asking price$2,266
Average asking price$2,615
Highest asking price$7,631
Median new-production price $1,360 (used costs 67% more)
Repriced since we first saw them 16 marked down of 60 (average cut 5.7%)
Where the asking prices actually sit.
Asking priceListingsShare
$750 to $1,500 19 32%
$1,500 to $2,500 13 22%
$2,500 to $4,000 18 30%
$4,000 and up 10 17%

Asking prices from live dealer listings, refreshed nightly. They are what sellers want today, not a record of completed sales. Repricing counts cover the guns listed right now, so a gun that has already sold is not in them.

Colt Python Value by Year, Barrel and Finish

This is my sales log, cut three ways. Every row is completed sales, not asking prices. A gun went into a row only if its listing said what it was, because I won’t guess a year from a photograph.

Right side of an original Colt Python with a six inch vent rib barrel, polished blue finish and checkered walnut target grips, the barrel marked with the Colt Hartford address
An original 6 inch Python in polished blue, with the Hartford address on the right side of the barrel. Photo: Stephen Z, Wikimedia Commons, CC BY-SA 2.0.
Colt PythonSold forMedianSales
2020-on new production, sold used$755 to $1,300$95712
Original, made 1955 to 1969$1,399 to $4,302$2,30010
Original, made 1970 to 1979$1,395 to $3,499$1,66314
Original, made 1980 to 1989$1,617 to $2,500$1,72810
Original, made 1990 to 2005$1,525 to $2,426$1,5753
Original, 2.5 inch barrel$1,610 to $3,125$2,4005
Original, 4 inch barrel$1,431 to $3,975$1,62414
Original, 6 inch barrel$1,395 to $4,302$1,72715
Original, 8 inch barrel$2,426one sale1
Original, blued$1,395 to $4,302$1,90018
Original, nickel$1,476 to $2,425$1,7285
Original, stainless$1,525 to $2,426$1,6286
Original with its box$1,399 to $3,975$2,5259
Original, no box mentioned$1,395 to $4,302$1,63030
Listing never said which Python$893 to $2,605$1,18513

Source: our log of 68 completed online sales of used Colt Pythons, September 19 to October 10, 2026. Prices are winning bids before shipping, tax and transfer fees. Original rows cover standard catalog guns and leave out the Elite, Hunter, Target and commemorative sales, which are in the special models table. Year, barrel and finish rows count only listings that named them.

What the year does

Less than you’d think, until you get back before 1970. The 1970s guns had a median of $1,663 and the 1980s guns $1,728, so a later gun gave nothing away. The step comes with the early ones. Ten Pythons made from 1955 to 1969 had a median of $2,300, and the top sale in the whole log was a 1957 gun with a four-digit serial number at $4,302.

Even there, condition beat the calendar. The cheapest pre-1970 sale was a 1969 gun at $1,399, and it had its original box. It also wore bone grips in place of the factory walnut. An early boxed gun with swapped grips landed at the bottom of the range.

What the barrel does

The short one wins. Five originals with the 2.5 inch barrel had a median of $2,400, against $1,727 for the 6 inch and $1,624 for the 4 inch. American Rifleman’s count explains why: the great majority of early Pythons left Colt with 4 or 6 inch barrels. Short guns were the exception, and more people want one now.

The 8 inch is its own case. Only one plain 8 inch sold, a 1995 stainless gun in its box at $2,426. Most 8 inch Pythons you’ll see are the scoped hunting and target models, and those are priced as special models.

What the finish does

Blue led my log with a median of $1,900, ahead of nickel at $1,728 and original stainless at $1,628. Don’t price a nickel gun off that gap. I had five nickel sales and six stainless, and two of the nickel guns were the same year and barrel and still sold $949 apart.

At the collector end the order can flip. S.P. Fjestad wrote in American Rifleman that a factory letter is almost a requirement on a snake gun with a short barrel, a nickel finish or engraving. Those are the features that bring out the serious bidders. A nickel finish that a letter confirms is worth more than one it can’t.

The guns nobody identified

Thirteen listings never said which Python they were selling. They sold for $893 to $2,605 with a median of $1,185, far closer to the new-production guns than to the originals. Some were surely new guns. Some weren’t, and their sellers left money behind by not saying so. If yours is an original, put the year in the first line.

Used Colt Pythons for Sale Right Now

These are the six lowest-priced used Pythons our dealers list today, pulled live, and at this end of the range you’re mostly looking at 2020-on guns.

60 used Python listings found
COLT PYTHON .357
Colt

COLT PYTHON .357

Used Guns.com
$1,044.99 $1,099.99
View Deal
COLT PYTHON 357
Colt

COLT PYTHON 357

Used Guns.com
$1,044.99 $1,099.99
View Deal
COLT PYTHON .357
Colt

COLT PYTHON .357

Used Guns.com
$1,044.99 $1,099.99
View Deal
COLT PYTHON 357
Colt

COLT PYTHON 357

Used Guns.com
$1,100.99
View Deal
COLT PYTHON REVOLVER 357
Colt

COLT PYTHON REVOLVER 357

Used Guns.com
$1,100.99
View Deal
COLT PYTHON 357
Colt

COLT PYTHON 357

Used Guns.com
$1,139.99 $1,199.99
View Deal
…

See every used Colt in stock.

Special Colt Python Models and What They Bring

Colt built the Python for 50 years and couldn’t leave it alone. Most of the special models are 8 inch guns from the early 1980s or Custom Shop guns from the end of the run. Here’s each one I could put a real number on, and the ones I couldn’t.

A Colt Python Target revolver with an eight inch vent rib barrel, blue finish and walnut grips with gold Colt medallions
The Python Target, an 8 inch gun chambered in .38 Special. Photo: Stephen Z, Wikimedia Commons, CC BY-SA 2.0.
ModelWhat it isWhat it brought
First-year Python, 1955The first guns out of Hartford. The count is disputed, see below.Serial number 69 made $34,500 at Rock Island Auction in December 2021. The house average for first-year guns was $29,950 that year.
Second-year Python, 1956The second year of production. Handguns magazine counts about 300 guns shipped by the end of it.Serial number 339 with its box made $8,888 at Rock Island. Another 1956 gun made $10,575 there in December 2021.
Combat Python, 3 inchShort runs with a 3 inch barrel. Handguns magazine calls a 3 inch Python extremely rare.A California Combat Python made $70,500 at Rock Island in May 2022. A 2004 stainless gun, one of 19, brought $41,026 online.
Python Target, .38 SpecialThe 8 inch gun of 1980, chambered in .38 Special.A 1980 nickel gun with box sold for $4,069 in my log. A dealer of ours asks $5,250.99 for one. A boxed nickel one made $7,050 at Rock Island in December 2024.
Python HunterThe 8 inch Python of 1981 with Pachmayr grips and a 2X Leupold scope in an aluminum Halliburton case.One with its case and accessories sold for $2,250 in my log.
Python SilhouetteThe 1982 scoped 8 inch gun in a black case with nickel trim.No sale in my log.
Ten PointerAn 8 inch gun with a 3X Burris scope, wood grips and a spare set of rubber grips.No sale in my log.
Ultimate PythonThe super-polished stainless gun of 1985 with a target front sight.None sold by name. Bright stainless guns from 1985 and 1989 sold for $1,625 and $1,852.
Python EliteThe Colt Custom Shop Python of 1997 on, offered in polished and matte stainless.A blued 6 inch Elite sold for $2,075 in my log. Our dealers ask $3,039.99 and $3,100.99. The first one built made $15,275 at Rock Island in December 2024.
Snake Eyes setA cased, matched pair of Pythons.A set made $32,313 at Rock Island in December 2024.
Bicentennial commemorative, 1976A 6 inch commemorative Python sold as the 1776 to 1976 Bicentennial model.One with its box sold for $3,800 in my log.

Sources: our sales log and dealer listings, October 10, 2026; Rock Island Auction Company for its own results; American Rifleman for the 2004 Combat Python; Handguns magazine for the model descriptions. Accessed October 10, 2026.

Two cautions. First, the sources don’t agree on how many Pythons Colt made in 1955. Rock Island says 299, Guns & Ammo says 317 shipped in the first six months, and Handguns magazine says only one was finished that year with 300 shipped by the end of 1956. What they agree on is that the first two years are tiny.

Second, look at the 2.5 inch gun Rock Island sold in December 2024. It was a 1986 revolver and it made $8,225. The best 2.5 inch gun in my online log made $3,125. That gap is condition, photography and a room full of collectors, and it’s why a truly mint Python belongs in a catalog sale.

One more thing while we’re here: the Boa isn’t a Python. Rock Island describes it as a Trooper Mk V with a Python barrel, built for Lew Horton in 1985 in a run of 1,200. It’s priced on its own terms, and Colt has now brought the name back. Our Colt BOA coverage has that story.

What Moves the Price of a Colt Python

Condition and original finish

Finish is the Python’s whole reputation. Al De John, who built the first ones, told Handguns magazine that Colt buffed the gun as bright as it would for nickel plate and then blued it instead. That’s Royal Blue. Every scratch, holster rub and turn line shows on it, and every one costs money.

So grade before you price. Rock Island’s $3,300 average only counts guns in very good to excellent condition, and those words have exact meanings. Our gun values guide prints the NRA condition standards word for word and shows how to estimate the percentage of finish left. Do that first, in daylight, and write down what you see.

Box and papers

A blued four inch Colt Python in front of its woodgrain Colt box, foam insert and sealed instruction manual
A 4 inch Python with its box, foam insert and manual. Photo: Stephen Z, Wikimedia Commons, CC BY-SA 2.0.

Nine originals in my log were sold with their original box. Their median was $2,525. The 30 standard guns sold without one had a median of $1,630. That’s $895 for cardboard, foam and a manual. Some of the gap is condition, because a gun that kept its box was a gun somebody looked after.

Check that the box belongs to the gun. Collectors pay for what Fjestad calls a matching-number box, so compare the number on the box with the frame. One thing the factory can’t do is confirm it. Colt’s archive says its records hold no information about packaging, box labels or the paperwork that shipped with a gun.

A Colt archive letter

A letter from Colt Archive Properties costs $105 for a Python, going by its price list dated February 1, 2024. Engraved guns cost $100 to $150 more. The letter gives the original configuration, the shipping date and where the gun was sent, with barrel length, finish and stocks where the records have them.

On a plain 6 inch blued gun from the 1970s I wouldn’t bother. On a short barrel, a nickel gun, an engraved gun or anything from the 1950s, it’s the best $105 you’ll spend, because it turns your description into Colt’s. You can order a letter from the archive online. The archive also sells a date of manufacture on its own for $30.

Refinishing and swapped parts

A refinished Python is a shooter, whatever it looks like. The archive itself says caliber, barrel and finish changes are very common on older Colts, along with fancy grips and engraving added later. Look for soft lettering on the barrel, dished screw holes and edges that have gone round. Sharp markings are the fastest sign of factory finish.

Grips matter more than people expect. The earliest Pythons wore fully checkered walnut. Colt then thinned the top of the checkering into a smooth scallop so empties would clear, and Guns & Ammo dates rubber Pachmayr grips on stainless guns from 1983 to 2004. A 1974 gun in my log sold with Pachmayrs for $1,505, below the median for its decade.

Timing, lockup and who can fix it

The original Python’s action was fitted by hand, and it wears. Guns & Ammo compared it to a high-end watch that needs service every five years and said the early guns got a name for being fragile under hard use with magnum loads. A Python that’s out of time is still a Python, but the buyer will knock the repair off the price.

Here’s the part that surprises owners. Colt’s own FAQ says it cannot service legacy models older than 10 years, and no original Python is that young. Any work goes to an independent gunsmith who knows the old Colt action, and there are fewer of those every year. A gun that locks up right today is worth paying for.

How to Tell Which Colt Python You Have

Before any price means anything, you need to know which run your gun came from. It takes about two minutes and no tools. Unload it and check it twice first.

  1. Measure the barrel. Measure from the front of the cylinder to the muzzle. The original came with 2.5, 4, 6 and 8 inch barrels, with rare runs at 3 inches. Colt’s current catalog lists 2.5, 3, 4.25, 5, 6 and 8 inches. A 4.25 or 5 inch barrel is a current-production length.
  2. Read both sides of the barrel. The left side carries the model name. The original 6 inch gun in our photo above is marked on the right with Colt’s Hartford address. A Python Target says so on the barrel and names .38 Special as the caliber.
  3. Look at the second line. On one original nickel gun I checked, the line under the model name reads 357 MAGNUM CTG between two stars. On the 2020 gun pictured below it reads 357 MAGNUM with no CTG. That’s two revolvers, not a rule, but it’s a quick first check.
  4. Check the metal. Colt relaunched the Python in stainless in 2020 and brought blue back in 2024, so a blued gun is either an original or a 2024-on gun. A stainless original dates to 1983 or later.
  5. Check the grips. Fully checkered walnut points to an early gun. Checkered walnut with a smooth scallop at the top is the long-running later style. The 2020 gun shipped with laminated walnut and a Colt medallion.
  6. Run the serial number. Swing the cylinder out and read the number off the frame, then type it into Colt’s serial number lookup and find the line labeled Python Model Revolver.

A word on that last step. Colt’s website doesn’t print a serial number table for the Python. It gives you a search box, and it’s free. We won’t reprint the collector charts that get passed around, because we can’t trace them to the factory. Our Colt serial number lookup page shows how to read Colt’s results, and why one number can bring back dozens of models.

Two dates disagree depending on who you read, so don’t lose sleep over them. Guns & Ammo dates stainless Pythons from 1983 and Handguns magazine says 1984. Handguns has the Custom Shop building its last limited run in 2004, while American Rifleman and Rock Island both put the end of the original in 2005.

New Colt Python vs the Original: Which One Holds Its Value

Left side of a 2020 production Colt Python in polished stainless steel with a short vent rib barrel and laminated walnut grips, the barrel marked Python 357
A 2020 production Python in stainless with the 4.25 inch barrel. Photo: Coati077, Wikimedia Commons, CC BY-SA 4.0.

Colt brought the Python back in 2020 in stainless, with 4.25 and 6 inch barrels. A 3 inch followed in 2022 and blued guns in 2024. Colt’s list price today is $1,699 for the polished stainless and blued guns and $1,499 for the matte blued ones. Nobody pays list.

A new Python starts at $1,143.99 with the sellers we track, and that’s the 2.5 inch matte stainless gun. The classic lengths cost a little more. The 4.25 inch starts at $1,299.99, and the 6 inch starts at $1,299.99 too.

Colt Python (new production, every barrel length)
From
$1,143.99
🟢 Live prices • verified 9 hours ago
Colt Matte Python .357 Magnum Revolver 2.50" 6rds, Stainless
Colt Matte Python .357 Magnum Revolver 2.50" 6rds, Stainless
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Colt PYTHONBM2WTS Python 357 Mag 38 Special 6 Shot 2.50" Matte Blued Pistol
Colt PYTHONBM2WTS Python 357 Mag 38 Special 6 Shot 2.50" Matte Blued Pistol
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Python 357 Magnum Revolver - Python 357 Magnum 2.5'''' Bbl 6rd Walnut Grip Matte Blued
Python 357 Magnum Revolver - Python 357 Magnum 2.5'''' Bbl 6rd Walnut Grip Matte Blued
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Colt Python 357 Magnum Revolver 5" Matte Blued Barrel 6 Round Black Grip
Midway USA
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COLT BLUED PYTHON
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Colt Python Sportsman's Exclusive 357 Magnum 5in Matte Blued/Green Revolver - 6 Rounds
Colt Python Sportsman's Exclusive 357 Magnum 5in Matte Blued/Green Revolver - 6 Rounds
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Colt Python 4.25 inch (new production)
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$1,448.99
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Colt Python .357 Mag Revolver 4.25", Stainless - PYTHON-SP4WTS
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Colt Defense PYTHONSM4RTS Python .357MAG 4.25" SS Bead Blasted Adjustable Sight Hogue Revolver
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Colt Python Blued .357 Magnum 4.25" Bbl Wood Grips Blued Revolver PYTHON-BP4WTS
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EuroOptic
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Colt Python 6 inch stainless (new production)
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$1,432.99
🟢 Live prices • verified 9 hours ago
Colt Python .357 Mag 6" Revolver, Stainless - PYTHON-SP6WTS
Colt Python .357 Mag 6" Revolver, Stainless - PYTHON-SP6WTS
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Colt Python .357 S&W Mag 6" SS Bbl DA/SA 6rd Revolver w/Walnut Grips PYTHON-SP6WTS
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Now the used side. Twelve sales in my log named a 2020-on gun, and they went for $755 to $1,300 with a median of $957. That’s almost $200 under the cheapest new one. The new Python gives up a slice of its price the day it leaves the shop, like any modern revolver. The original stopped behaving like a used gun years ago.

Did the new gun hurt the old ones? Rock Island looked at its own results and found the opposite: its average for originals passed $3,000 in 2021, the year after the relaunch, and has held above $3,300 since. They’re different revolvers to a collector. The new one has nine fewer parts in its lockwork and 30 percent more steel over the cylinder.

So buy the new one to shoot. Colt will service it, parts exist, and I put 1,200 rounds through one for our Colt Python review without a stoppage. Buy an original because you want that revolver and you’ve inspected that revolver. It’s one of the 16 guns on our list of classic revolvers for a reason, and our used vs new guns breakdown covers the wider trade-off.

How the price got here

The Python listed at $125 when it arrived in 1955. For years a nice used one sat between $1,000 and $1,200, by Fjestad’s account in American Rifleman, then passed $1,500 and broke $2,000 in short order. He counted more than 100,000 made by 1969, so plain guns were never rare. Demand did all of it.

Colt Python vs the 686 and GP100 on Price

If you’re weighing a Python against the two revolvers everyone cross-shops, the Python costs about 30% more new. A Smith & Wesson 686 Plus starts at $869.99 and a Ruger GP100 at $871.99, against $1,143.99 for the cheapest Python. Our Smith & Wesson 686 Plus review and Ruger GP100 review cover how they shoot.

S&W 686 Plus
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$869.99
🟢 Live prices • verified 9 hours ago
Model 686 Plus L-Frame 357 Magnum Revolver - Model 686 Plus L-Frame 357 Magnum 2.5" Bbl 7 Round Ss/Black
Model 686 Plus L-Frame 357 Magnum Revolver - Model 686 Plus L-Frame 357 Magnum 2.5" Bbl 7 Round Ss/Black
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SMITH & WESSON 686 PLUS
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Ruger GP100 .357 Magnum
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$871.99
🟢 Live prices • verified 9 hours ago
Ruger GP100 357 Magnum 2.5in Stainless Revolver - 6 Rounds
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Resale is where they split. In our September data a used 686 listed just 5% under a new one and a used GP100 19% under. Neither climbs. If you want a .357 that might be worth more in 20 years, only an original Python, or an older Smith like the Smith & Wesson Model 19, is in that conversation. The full field is in our best .357 Magnum revolvers roundup.

Colt Python Inspection Checklist Before You Buy

I’ve walked away from more Pythons than I’ve bought, and it was never the price that did it. Run these checks in order. They take ten minutes, and a seller who won’t let you do them has told you what you needed to know.

Close view of a Colt Python with the cylinder swung open, showing six chambers, the ejector star and the hammer
A Python with the cylinder swung out. Photograph by Rama, Wikimedia Commons, Cc-by-sa-2.0-fr.
  1. Finish under hard light. Tilt the gun under a single bright lamp. Royal Blue should look deep and even, with crisp edges. Ripples in the flats and a plum or purple cast can point to a reblue.
  2. Markings. Read the barrel on both sides. The letters should be sharp with clean edges. Soft or shallow lettering means the polishing wheel has been over them.
  3. Screws and sideplate. Chewed screw slots mean someone has been inside. On a hand-fitted action that’s a question you want answered before you pay.
  4. Timing. Cock the hammer slowly for each chamber with a thumb dragging lightly on the cylinder. The cylinder should lock before the hammer reaches full cock, all six times.
  5. Lockup. With the gun empty, hold the trigger back after the hammer falls and try to turn the cylinder. An old Colt action locks tight at that moment. Any wobble there is wear.
  6. Cylinder gap and end shake. Colt’s old specification for the gap between barrel and cylinder was .003 to .008 inch. Push the cylinder back and forth with the action at rest. Movement you can see is end shake.
  7. Bore, forcing cone and crown. Shine a light down the barrel from the muzzle with the cylinder open. Look for a bulge, rings or erosion at the forcing cone, and nicks at the muzzle.
  8. Grips. Take them off if the seller allows it. Check for cracks, for a medallion that matches the period, and for rust on the grip frame underneath.
  9. Box, manual and letter. Match the number on the box to the frame. Ask if the gun has a Colt archive letter, and read it against the gun in your hand.

If the timing or lockup fails, don’t talk yourself into it. Price the repair with a gunsmith who works on old Colts before you make an offer, and remember the factory won’t take the job.

Where to Buy and Sell a Colt Python

Where you sell decides which of the three prices you get. Each route trades money for speed and effort, and the right one depends on how good your gun is.

  • Online auction. The biggest pool of buyers and the home of every sale in my log. Good photographs of the markings, the muzzle and the box do the selling. Read our guide to GunBroker fees first, because the fees come out of your number.
  • Dealers who buy used guns. Guns.com lists every used Python in our catalog today. Selling to a dealer is the fastest route and pays the least, since the dealer needs room between your price and that $2,266 median ask.
  • A premier auction house. The route for boxed early guns, short barrels, engraved guns and special models. Rock Island’s results above show what a catalog and a room of collectors can do. Expect a commission and a wait for the next sale.
  • Private sale. No fees, and the law is on you. Our guide on how to sell a gun covers the rules, and you can print our free firearm bill of sale for the paperwork.

Buying is the same list in reverse. A dealer’s Python costs more and comes inspected with a return window, which is worth real money on a revolver you can’t handle first. An auction gun is cheaper and sold as described. Either way it ships to a licensed dealer near you, so add the transfer to your budget. Our page on FFL transfer fees shows what that runs by state.

For a wider look at what’s out there, our used guns hub and the used handguns page track live listings across every maker.

What to Feed an Old Python

A standard Python chambers .357 Magnum and .38 Special, and the Python Target is a .38 Special. Colt’s FAQ says +P ammunition is not suggested for models made prior to 1980. Guns & Ammo notes the early guns were built in the bullseye era, when most shooters ran light .38s through them. That’s how I’d treat an original.

Standard-pressure .38 Special keeps wear off a hand-fitted action and off your resale value. Our picks for the best .38 Special ammo and the best .357 Magnum ammo are current, and .357 Magnum vs .38 Special explains what you give up with the lighter round. Save the steady diet of full magnums for a new Python or a GP100.

Who Should Not Buy a Colt Python

  • The high-volume magnum shooter. An original wasn’t built for thousands of full-power rounds, and Colt won’t repair it. Buy a new Python or a Ruger GP100, which starts at $871.99.
  • The buyer who can’t inspect one. If the checklist above reads like a foreign language, pay the dealer premium for a graded gun with a return window, or buy new.
  • The investor counting on another run-up. Fjestad warned in 2015 that demand, not rarity, holds these prices up. Rock Island’s average has sat near the same level for four years, and 16 of the 60 used Pythons our dealers list have been marked down.
  • The buyer who wants a carry gun. A 4.25 inch Python weighs 42 ounces. A Smith & Wesson 686 Plus with a short barrel carries seven rounds for $869.99, and it won’t hurt to scratch it.
  • The seller in a hurry. A fast cash offer is built to leave the buyer room. If you own an original with its box, a week of patience and good photographs is worth hundreds of dollars.

Colt Python Glossary

  • Royal Blue. Colt’s name for the deep, highly polished blue that the Python introduced. The steel was buffed as bright as it would be for nickel plating, then blued.
  • Coltguard. An electroless plated finish Colt offered from 1981 as a weather-resistant option.
  • Ultimate. The super-polished stainless Python of 1985. Sellers often call the finish bright stainless.
  • Python Elite. The name the Python took when production moved to the Colt Custom Shop in 1997.
  • Snake gun. Collector shorthand for Colt’s snake-named revolvers: Python, Diamondback, Cobra, King Cobra, Anaconda, Boa and Viper. The big-bore member of the family has its own Colt Anaconda review.
  • Vent rib. The slotted rib on top of the barrel. The men who designed it said it was there for looks.
  • Timing. How precisely each chamber lines up with the barrel as the action cycles. An out-of-time revolver needs a gunsmith.
  • End shake. Front-to-back play in the cylinder. A little is normal on a worn gun and a lot is a repair.
  • Archive letter. A signed letter from Colt Archive Properties stating how and when a gun left the factory. $105 for a Python.
  • Buyer’s premium. The fee an auction house adds to the hammer price. Rock Island’s has been 17.5% since mid-2022, and its published averages include it.
  • NIB. New in box. On an original Python it should mean unfired with the correct numbered box, and it’s worth asking the seller what they mean by it.

Photo credits: original 6 inch Python, boxed 4 inch Python and Python Target by Stephen Z, Wikimedia Commons, CC BY-SA 2.0. 2020 Python by Coati077, Wikimedia Commons, CC BY-SA 4.0. Open cylinder: photograph by Rama, Wikimedia Commons, Cc-by-sa-2.0-fr. Resized where needed.

Colt Python Value FAQ

How much is a Colt Python worth?

It depends on which Python you have. In the 68 completed sales we logged from September 19 to October 10, 2026, used 2020-on Pythons sold for $755 to $1,300 and originals from the 1955 to 2005 run sold for $1,395 to $4,302, with a median of $1,810. Dealers ask more, and rare or mint guns at the big auction houses bring several times that.

What is a 1970s Colt Python worth?

The 14 Pythons made from 1970 to 1979 in our sales log sold for $1,395 to $3,499, with a median of $1,663. The low end was a plain 6 inch blued gun from 1979. The high end was a 1971 gun with its numbered box and test target. Barrel length, finish and the box moved the price more than the exact year did.

Is a new Colt Python worth as much as an original?

No. A new Python starts at $1,143.99 with the sellers we track, and used 2020-on guns sold for a median of $957 in our log. The median original sold for $1,810. The new gun is the better shooter and Colt will service it, but collectors treat the two as different revolvers.

How do I find out what year my Colt Python was made?

Colt's website doesn't print a serial number table for the Python. Type the serial number into the Serial Number Lookup there and find the line labeled Python Model Revolver. For a signed record of how and when the gun shipped, a Colt archive letter costs $105 for a Python, and the archive sells a date of manufacture alone for $30.

Does the original box add value to a Colt Python?

Yes. The nine originals in our log that sold with their original box had a median price of $2,525, against $1,630 for the 30 standard guns sold without one. Check that the number on the box matches the frame, because Colt's archive keeps no packaging records and can't confirm a box for you.

Which Colt Python barrel length is worth the most?

Among standard originals in our log, the 2.5 inch barrel brought the most, with a median of $2,400 across five sales. The 6 inch had a median of $1,727 and the 4 inch $1,624. The rare 3 inch Combat Python is in another class: one made $70,500 at Rock Island Auction in May 2022.

Is a nickel Colt Python worth more than a blued one?

Not in our recent sales. Blued originals had a median of $1,900 and nickel guns $1,728, though we logged only five nickel sales. At the collector end a factory nickel finish that a Colt archive letter confirms is a desirable feature, so get the letter before you sell a nickel gun.

Where is the best place to sell a Colt Python?

For a plain original in average condition, an online auction with clear photographs reaches the most buyers. For a boxed early gun, a short barrel, an engraved gun or a special model, a premier auction house brings the collectors who pay the top prices. A dealer or cash buyer is fastest and pays the least.

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