Gunbroker (redstrading post) has a Irwin-Pedersen Auction #486089753 going for $1,525.00 today with about one day left on the auction. Is this the real deal or a "put to gather"? Is it worth the price? Or should I pass on this one? Any advise would be greatly appreciated.
Description seems to be a little vague and maybe not correct....
I don't know a lot about IP's. My experience is with QHMC, Inland and Winchester but... It looks like it has been reparked (frosty with no wear on slide, bolt or breech surfaces). The wear of the rear sight (rounded edges and dings) doesn't match the wear of the front sight (sharp edges on ears). Flip safety and bayonet lug doesn't usually go with a flip rear sight. If it's been arsenal rebuilt then it would likely have an adjustable rear sight. I cant tell anything about the stock other than it's a high wood in remarkable shape for a 72 year old carbine. I think you're right to be suspicious. I would not bid on this without seeing it in person. Too bad you're not in Idaho.
Your right to be wondering about it. A rebuilt like this should be in the $800 to $1000 range but being an IP it will be higher. An original IP will set you back a minimum of $4000 to $5000 if not more.