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How Much is My M3A1 'Grease Gun' Worth?

The M3A1 was an improved version of the original M3 'Grease Gun,' with simplified parts and better reliability in field conditions.

Curious about how much your M3A1 'Grease Gun' sub machine gun is worth? Whether you’re looking to sell or simply understand current pricing, we’ll help you assess the market value of your firearm.

About the M3A1 'Grease Gun'

The M3A1 was a streamlined redesign of the M3, introduced in 1944. It replaced the crank-style charging handle with a finger slot and widened the ejection port. Despite its minimalistic design, it remained in service for decades due to its ease of manufacture and performance in harsh conditions.

Origin

United States

Manufacturer

Guide Lamp (GM), Ithaca Gun Company, Medea Corp

Caliber

.45 ACP

Rate of Fire

450 rounds/min

Notable Uses

WWII (late), Korea, Vietnam, U.S. tank crews through the 1990s

M3A1 'Grease Gun' Machine Gun Values & Variants

Transferable M3A1 'Grease Gun' sub machine guns are highly sought after by NFA collectors and enthusiasts. Value is influenced by originality, condition, variant type and any unique historical markings. Most examples on the market range from $25,000 to $35,000, depending on configuration and provenance.

Common Variants & Value Ranges

  • M3A1 (Guide Lamp, Ithaca)

    Estimated Value: $25,000 – $35,000

  • M3A1 (Medea Corp)

    Estimated Value: $25,000 – $35,000

Factors That Influence M3A1 'Grease Gun' Values

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Originality:

Transferable M3A1 'Grease Gun's with original receivers, parts, and factory markings typically command higher prices due to their authenticity and appeal to collectors.

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Condition:

Clean, well-maintained M3A1 'Grease Gun' machine guns in excellent mechanical and cosmetic condition will sell for significantly more than worn or modified examples.

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Historical Markings / Provenance:

If there are markings or provenance that link your M3A1 'Grease Gun' to a specific military unit, wartime service, or historical event - collector interest and market value can greatly increase.

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Restoration:

Whether your M3A1 'Grease Gun' has been refinished, restored or modified will significantly affect pricing. Original finishes are typically more desirable.

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Transfer Status:

Transferrable M3A1 'Grease Gun's will hold a considerably higher value than their pre-86 or post-86 counterparts.

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Receiver Type & Build Origin:

M3A1 'Grease Gun's built on original military receivers and parts are worth more than their post-war commercial counterparts, rewelds or REWATS.

Ready to get an offer on your M3A1 'Grease Gun' machine gun?

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About Us

Our mission is to make the process of selling your firearm as easy and convenient as possible.

Selling a firearm can be time-consuming and legally complex, especially for machine guns. At webuyguns.com, we streamline the process by purchasing directly from you, saving you time and ensuring a legally compliant, hassle-free transaction. With decades of experience, we provide fair market evaluations and encourage you to compare our offers locally to see the value we bring.

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How it works

You are in control

Our streamlined process makes selling your firearm easy. If you accept our offer, simply package your firearm using the prepaid shipping label we provide. We’ll keep you updated with email notifications at every stage. No hassle, no guesswork—just a smooth, straightforward experience on your terms.

Steps
16 cloud upload Tell us what you have.
Fill out a short form and upload a few photos. This helps us identify what you have. We review your information and images to assess the condition and value of your firearm.
16 currency dollar We make you an offer.
We’ll provide an offer on your firearm via email within 72 hours, and if accepted, provide instructions to complete the process.
16 comments We keep you informed at every stage.
We’ll provide a shipping label and keep you updated with email notifications tracking recieving the firearm, reviewing its condition and issuing payment.
Item Submitted
Colt Python: Minor scratches with approximately 200 rounds through it.
357 Mag Very Good
Offer Made
Ref # 0973457 .357 magnum Colt Python in very good condition.
$1,300
Offer Approved
Ref # 0973457 Colt Python
Item Shipped
Ref # 0973457 Colt Python
Tracking # 9610 1385 1287 3021
Item Received
Ref # 0973457 Colt Python
Customer Paid
ACH for $1,300 issued to customer account.

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Frequently asked questions

If you can’t find the answer you’re looking for, reach out to customer support or view all FAQ's

Is this legal?
Yes. We are a federally licensed firearms dealer located in the state of Indiana. You, the seller, are covered under our license just as you would be if you walked into our store with the item. There are no laws preventing you from selling your firearm to us.
What is a transferable M3A1 worth?
Transferable M3A1s are valued between $25,000 and $35,000, depending on condition and manufacturer.
Is there a difference in value between manufacturers?
Yes—guns made by Medea Corp are typically less valuable than those by Guide Lamp or Ithaca.
Can I legally sell an M3A1?
Yes, if it’s a transferable machine gun registered prior to the 1986 ban. WeBuyGuns can assist with the full transaction process.
Does the M3A1 hold collectible value?
Yes, particularly models with wartime production provenance or strong mechanical condition.
How long are offers good for?
Offers are valid for 14 days.
Can I sell multiple firearms?
Absolutely! Once firearm information has been submitted, you will have the ability to submit additional firearms for review and offers. These firearms will be viewable from your user panel, which you access from your initial offer email. If you have a large number of firearms or an estate, it's best to contact us directly (just to save you a lot of time).