What are you trading it for? It never hurts to post it up online with price and interested trade items. Recently I traded a Egyptian Hakim for a Colt 1917 on a whim. You're only getting hosed if you feel like you're getting hosed.
In my state, for a private sale, it could fetch $800-900. People actually do try and sell them for that price. I prefer black so I'd never pay more than twice what the gun is actually worth just because of the color.