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$104,500 for an 1951 M38
Posted: Sat Jan 17, 2009 12:09 am
by jeepers52
I live in Arizona and just saw a 1951 M38 sell for $104,500 at the Barrette Jackson auction in Scottsdale Arizona. It was very pretty but not very correct in many ways. It had some bells and whistles that did not all make sense, but it was fun. That has to be some kind of a record for a military jeep, and it is not even a WWII Jeep. Hang on to your old machines they are getting to be worth a lot more than you think.I
Posted: Sat Jan 17, 2009 5:42 am
by shawnhoag
Its not a record for a Military jeep. An M38,I'm sure,but I am pretty positive Jeff Polidoro sold his Pygmy pilot model for $275,000.00 just a few years back. Shawn
$104k
Posted: Sat Jan 17, 2009 8:40 am
by TomM
I would feel bad if I sold my M38. But for $104k I would get over it very, very, very quickly.
http://www.autoblog.com/2009/01/16/barr ... llys-jeep/
Posted: Sun Jan 18, 2009 2:47 am
by wesk
Well unless there's a $90,000 gold bar laying under the seat it just goes to show you there is at least one ignorant fish in every body of water on this planet!

$104,000 M38
Posted: Sun Jan 18, 2009 12:58 pm
by 52M38
Theres one on E-Bay that looks just as good if not better with a "BUY IT NOW" of $59'900. It has alot of extras with it too. Can I get a loan ?
Posted: Sun Jan 18, 2009 8:59 pm
by OKCM38CDN
Looking at the photos, I guess I could live withthe things wrong with the jeep...
Rifle rack mounted verticle beside the seat as opposed to being mounted on the windshield...
Antenna brackets wrong... the MP-50 mounting bracket is used as an antenna bracket on the passenger side and not MP-50 on the other side. so forget using the trailer receptacle id it is there...
Front lifting shacles one early and one late...
I am not familiar withthe mounting of the .30 on the front dash...
But I could part with mine for $104K
Posted: Mon Jan 19, 2009 8:45 am
by Ryan_Miller
I would hope that a record selling M38 jeep would be a better example.
Wrong tires, etc, etc, etc.
I am not going to nit pick it, but I will certainly say that the jeep on ebay is not worth near $59,000 and at Barrett Jackson there are too many impulse buyers with lots of money.
If someone did just a little research (get a manual and look at the photos) then you could tell a lot. The people that have restored this jeep and the ebay jeep obviously don't know much about them.
I guess they figure by putting on a couple of machine guns that it ups the value %500.
That ebay jeep has been "Buy it now" for $59,000 for almost a year with no takers.
Posted: Mon Jan 19, 2009 8:02 pm
by dv3468
Gentlemen: Let's have some fun here and see how many things we can find wrong with this jeep. It will be like the test your powers of observation tests at the back of people magazine.
This is what I found:
1. wrong tires, not NDCC.
2. no rear lifting shackles.
3. no rear reflector on spare tire.
4. wrong exhaust system
5. Wrong rear antennae mount.
6. Front shackles don't match.
7. Siren too high/big.
8. Hood blocks not stock. Higher, so windshield will clear siren.
9. Wiper motors mounted upside down.
10. Invasion stars.
11. Someone mentioned, no emergency brake handle?
12. What about the paint color? That is an argument all it's own!
13. Wrong/ Home made machine gun mounts.
14. The watercooled Browning looks like it has some 50 cal parts!
15. Radio headphones on passenger seat are wrong era.
What else. Does anyone else see something I missed?
Have fun,va
Regards to all you guys,
Dennis from Joy-zee
Posted: Tue Jan 20, 2009 7:45 pm
by DJ
Wrong air cleaner
Wrong plugs and wires
Posted: Tue Jan 20, 2009 8:13 pm
by dv3468
Where did you see pictures of the engine?

Posted: Fri Jan 23, 2009 10:47 am
by jeepers52
Wrong radio
The holes that take the spare tire on the passenger side are filled in.
The snorkel holes are filled in on the hood
No 24 volt jumper connection on left fender
Posted: Sun Jun 20, 2010 7:47 pm
by bubagun
As far as I know, I own the earlest production M38 known to exist. It is MUCH more correct than THAT. I wonder what it would be worth?
Hmmmmm.
Nope... think I will hold onto it for a few more years...
Posted: Fri Jul 16, 2010 1:18 pm
by Galen
How 'bout the news on Roy Rogers' Nellyebelle CJ2A selling for $116,500? That now puts the tally at 2 for Willys-built Jeeps that have far outsold any Ford GPW on value!!!