Citation(s) from the GunPolicy.org literature library
Karp, Aaron. 2002 ‘Red Flags and Buicks: Global Firearm Stockpiles.’ Small Arms Survey 2002: Counting the Human Cost; Table 2.2, p. 67. Oxford: Oxford University Press. 1 July
TABLE 2.2: Black-market prices for a single, used M16 rifle (various models)
Price (current USD) - Location - Year
1,100 - Solomon Islands - 2001
Note: for comparison, the US Army currently pays approximately USD 387 for each new M16A4 rifle when purchased in quantity.
Source: Press reports in the Small Arms Survey database, available on request