What makes the 6940 different from other Colts is the monolithic upper. The cheapest monolithic you'll find with out barrel will cost about $500 alone (Surplusammo.com). Without a monolithic upper it's a 6920 with folding sights.
It pays to do your homework. And honestly, its a major portion of the "fun" part of any build.
The monolithic part would be very nice too. Quite honestly I just goofed when I bought my 6920 and I should have bought a 6940.
Also, since you mentioned that you own a 6920, why not just sell it and put the proceeds toward buying a real 6940 instead of trying to cobble something together which will fall short of the mark?
Ever heard of black rifle disease?
Does the phrase "patient zero" mean anything to you?
Yep.
Your best bet is probably gonna be a YHM unit.
Keep in mind its bolted to the barrel, and not pinned like it should be.
I'd love to buy a Colt 6940. The only problem is that I'm short about $1300 plus shipping & ffl transfer. I've got a 6 position lower on the way, but now I need to start thinking about an upper. I'd like something with flip up front and rear sights that's under $500 complete with a bolt carrier & charging handle. Any recommendations? Is it even possible?