What the heck is up with used gun prices?


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InnerVision
July 19, 2009, 12:27 PM
I'm searching all over, and 90% of the used guns I find online/auction is selling for more than what they cost new:confused:


And in the local classifieds people ask for like $25-$50 less than what you can buy the same model for new!


It just has me wondering...Why buy used when you aren't saving anything??


For instance: The cheapest online Dealer I've found is BudsGunShop....The taurus 605 is right at $350..

I go to gunbroker and find used ones selling for $360+

What Gives?!?!

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RobMoore
July 19, 2009, 12:29 PM
I guess person who bought that gun new (or even used) from their local dealer and got gouged wants close to what they paid for it when they sell it, not knowing the actual price they should have paid.

j-easy
July 19, 2009, 12:42 PM
I guess person who bought that gun new (or even used) from their local dealer and got gouged wants close to what they paid for it when they sell it, not knowing the actual price they should have paid.
i think this is it, idiots who walk into the rip off gun store in town and pay the $650 sticker price on a normal glock 17, never shoot it and then try to sell it for $550 6 months later. lol

lions
July 19, 2009, 12:44 PM
It is probably a result of the panic and some people are trying to cash in (free market and all). As long as there are suckers out there paying the prices, we will continue seeing the prices. Just don't be a sucker!

finfanatic
July 19, 2009, 12:46 PM
I call it Haggle room. I figure these sellers KNOW if they are asking $360 for a handgun, you will offer them $300.

They can get $325 or so and make you feel like you got a deal. Like at a Gunshow.

Of course this can backfire too. I see an obviously overinflated price, I think the seller is a crook and don't even bother to inquire.

The gunbroker over inflated prices don't make much sense though. That's just gouging IMHO.

earlthegoat2
July 19, 2009, 01:48 PM
If they are selling for that price on GB then people are idiots. Make sure you see if they are bid on or not or go to the completed listings where you can see what the peeps acually paid. Just because someone is asking a price doesnt mean they are getting that money.

By the way when you refer to used guns I kind of think old out of production guns which are the only ones I ever look for anyway. Yes these are all selling for more than what they were new. They are hot items right now too becasue people are realizing that old generally is better anymore. No locks, no cheapening, hand fitting sometimes, nicer bluing, bluing period, nickel period, firing pins on hammers, better triggers, wood stocks, no MIM, or cast crap. On these guns the inflated prices may or may not be worth it to you but stuff that is no longer made will always be worth something to me.

I dont count Taurus 85s that have had 50 rounds through them to even be used guns.

jad0110
July 19, 2009, 03:16 PM
Prices are all over the place in my area, which may be the same in your area. Yesterday I saw a brand-new Ruger Single Six for $299. Pretty good. Saw a very abused Single Six selling for $350. Huh? :barf:

At one Pawn Shop the other day, I saw a NIB jimenez 9mm for $350, a very worn Taurus 66 2.5" for $450 (cripes, it ain't a S&W 66), Mosin M44s for $399 each (should be $175 tops) and a Mosin 91/30 for $299 (normally under $100) :eek:. Then again, the same shop had a 4" stainless Ruger Security Six for $325. Who knows, guess that proves they don't smoke crack all day long :o, just most of of the time.

The worst I've seen was in January; a Russian SKS for $1,000! :what:

Old Fuff
July 19, 2009, 05:07 PM
On one hand it's a case of supply & demand. Also this, from a previous post makes a good point:

By the way when you refer to used guns I kind of think old out of production guns which are the only ones I ever look for anyway. Yes these are all selling for more than what they were new. They are hot items right now too becasue people are realizing that old generally is better anymore. No locks, no cheapening, hand fitting sometimes, nicer bluing, bluing period, nickel period, firing pins on hammers, better triggers, wood stocks, no MIM, or cast crap. On these guns the inflated prices may or may not be worth it to you but stuff that is no longer made will always be worth something to me.

Older guns in mint condition often represent a better buy from a quality standpoint, then a new current one of the same or a similar model.

Publius1688
July 19, 2009, 05:10 PM
I agree with you, gun prices really are all over the darn place. The prices within one shop don't even make sense half the time, nevertheless over the entire market in a region. That just means, more than ever, that knowledge is power. One of the reasons I like forums like this one is the ability to gauge values, etc.
I think quite a bit of the time, when some civilian (and I mean a non-gun nut such as ourselves) buys a gun, it's just a knee jerk impulse buy. An overpriced Glock that will see the range twice a year the first year, and then never again.

DJW
July 19, 2009, 05:28 PM
Things are worth what someone will pay for them. The current panic has caused folks to pony up for guns the way they used to for houses. Now houses are losing 20% a year and guns have become exceedingly pricey. Depending on how the socialists act in the near-future the prices we now think are exhorbitant on guns may skyrocket.........especially on those sold "person to person" w/out STATE paperwork! If the right to exchange personal property w/out STATE control is suspended then all bets are off!
Hell, we may soon see houses traded "even up" for jennings handguns.

shameless
July 19, 2009, 08:58 PM
Prices are high, new gun prices are set mostly by the
Distributor, who charges way more now than before. One
MFG in paticular, is S&W.
When they put locks on their guns, the pre-locks value doubled,
and S&W then adopted that price for the NIB guns.

That caused a $150 NIB Taurus 85 to double, etc, etc.

I do agree some dealers really stick you deep, some try to stay
afloat making VERY little profit, hoping to make their way with
more volume, which, is hard because buyers think the dealer is still
too high.

robphillips
July 19, 2009, 11:12 PM
Prices have gone up some. I usually order from a buddy who is a gunsmith and yes the prices have increased. But the biggest local shop in the area has marked their guns up about 200 bucks of suggested retail. Ammo along with it. Consequently, they have just about lost my business.

karlsgunbunker
July 20, 2009, 12:03 AM
Alot of New gun models are difficult to get right now.
It's getting better but Supply and demand apply's.

ArchAngelCD
July 20, 2009, 12:16 AM
What the heck is up with used gun prices?
You can thank all the great Americans who voted for Obama because they didn't bother to listed to what he said during the campaign.

TCOV
July 20, 2009, 01:24 AM
When I research a price for a firearm in Gunbroker I ignore the current asking prices and check prices on ended auctions for the last 30, 60, and 90 days. It seems that the actual selling prices on a lot of firearms are going down from 90 days ago or they are not drawing bids for the high starting bids. I had thought of selling a couple firearms but when I saw the decreasing prices they were bringing changed my mind. A local dealer who runs some of his consignment guns on Gunbroker told me he saw the same trend. With the economy continueing to slow I think there will be a lot of guns coming back for sale and if you paid too much in a GOT TO HAVE IT moment, as I have sometimes done, you might be in for a loss if you need to sell.

todd_g
July 21, 2009, 05:26 PM
Guns will hold there value if maintained, I have sold a few handguns and a few rifles for 25 - 50 dollars less than what what I paid for them, I don't think the folks that bought my handguns felt like they were getting ripped off, otherwise they wouldn't bought them.

Sniper X
July 21, 2009, 05:55 PM
Guns don't depreciate like everything else does right now....my key words being right now...I keep all my firearms in perfect condition and when it comes time to sell them sell for at least 90% or new street sell prices. But let me ask a question, if the market dictated that a 1999 Chevy truck is selling for, Ill just throw a number out there for discussion, $15,000.00, why would one sell it for less say 10K if the market dictated it sell for 15K in the showroom cndition it is in? It doesn't. That is also why one can sell an AR for more than thry bought it for if they bought it 5 years ago.....and if they bought it 2 years ago it'll sell for more than it cost them then. Same with pretty much any used firearm bought a couple years ago in a cal like 9mm, .45acp, or .40....

Yo Mama
July 21, 2009, 06:27 PM
You can thank all the great Americans who voted for Obama

I'm not a fan of his, but how does this relate to the used gun market?

The used gun pricing was overinflated prior to Obama ever being in politics.

DJW
July 21, 2009, 07:05 PM
There is a great deal of fear that the present administration will force gun "control" measures and ammo taxes upon us. Thus the tremendous shortage of primers, powder, and some firearms. While the firearm shortage seems to have eased a bit the primer shortage does not appear to have subsided as supplies come into stock and are immediately sold out in a matter of hours at many large dealers. This fear in the market place is largely due to the public perception that the current administration is anti 2nd ammendment IMHO. Take it for what it's worth......YMMV.

MagnumDweeb
July 24, 2009, 03:21 AM
Saw the same thing at my buddy's Dad's pawnshop. I dropped in, hadn't for a couple months, to drop off some business cards for my NRA pistol courses(certified pistol instructor)(I give the father $10 for every customer he sends my way which is about ten to fifteen each month). The father has always had good prices, at least he used to. He's had stuff I wish I picked up but didn't because I usually got a different gun cheaper than I could ordinarily get it for. I wanted a GP100 6" he had at one point for $300 but I got a Ruger Redhawk 4" .44 Magnum for $300 off a personal friend(he also tossed in a couple hundred rounds) etc. etc..

I went in and I burst out laughing. Colt 1911s going for $599, a Colt 1908 .25 ACP for $450, 1st gen Glock 17 for 459.99 and so on and so on.

ArchAngelCD
July 24, 2009, 04:30 AM
I'm not a fan of his, but how does this relate to the used gun market?

Are you serious? I'm not going to argue the point because these threads always turn out bad. I will say that every gun shop I visit has been out of guns for many months now and it all started when Obama was elected. When anything, including guns are is short supply the prices go up.

THE DARK KNIGHT
July 24, 2009, 05:48 AM
Starting last October/November gun sales went through the roof, people bought guns at 1 1/2, 2x, sometimes even more, of their regular value. They Paid $1200 for a $700 gun. Now they might not want it anymore, and are selling it for $1000. Prices are on their way down, give it another 6 months.

CajunBass
July 24, 2009, 06:58 AM
Things are worth exactly what someone is willing to pay for them. Not one dime less..not one dime more. It doesn't matter what Gunbroker, or the blue book, or your buddy at the gun club says. They're just guidelines.

If someone puts a $1000.00 price tag on an SKS, it means that person thinks THAT SKS is worth that much. Rather you agree or not is up to you.

calaverasslim
July 24, 2009, 08:17 AM
I just picked up a M57 no dash on GB for $450. Considering the prices today, a steal. Included was a SD Myers holster. The pistol is hardly fired but a lot of holster wear blueing worn off. Carried quite a bit but fired very little.

I was shocked when I won that thing for that price. I had been watching the same guns selling in the $600-$700 range.

cpirtle
July 24, 2009, 12:38 PM
There are a lot of good points in this thread but one angle that has not been addressed are the people who don't want any "paper" on their guns, especially with the current administration.

I am not talking about criminals, I'm talking about honest, hard working people that do not want to buy a gun today and next year have someone from ACORN knock on their door looking for it.

I know people who do not want to buy a gun from a dealer for this reason. They will pay a bit of a premium to for this... there's also no sales tax on a private transaction.

Omaha-BeenGlockin
July 24, 2009, 01:32 PM
If ACORN were to be coming to my door---they would definitely be getting a good look at my gun-----just sayin.

cpirtle
July 24, 2009, 01:38 PM
If ACORN were to be coming to my door---they would definitely be getting a good look at my gun-----just sayin.

At least one of them ;)

gopguy
July 24, 2009, 01:38 PM
Lots of good valid points... but don't forget inflation is also kicking in. The dollar is dropping like a stone in value... sigh.

LemmyCaution
July 24, 2009, 02:16 PM
If someone puts a $1000.00 price tag on an SKS, it means that person thinks THAT SKS is worth that much. Rather you agree or not is up to you.

By contrast, I'd say that if someone puts a $1000 price tag on an SKS, it means that person thinks YOU'RE AN IDIOT. He might be right, but that's up to you.

Just an alternate take on the 'free' market.

LemmyCaution
July 24, 2009, 02:20 PM
Lots of good valid points... but don't forget inflation is also kicking in. The dollar is dropping like a stone in value... sigh.

The dollar is worth more now than it was 9 months ago. It's worth half what it was before GW Chimp took over the White House. Are people's memories really that short?

rocky branch
July 24, 2009, 02:32 PM
I agree on the high prices, but the current market continues to support them.

What gets me is a piece offered at a reasonable price and some guy tries to lowball you with a rediculous offer.

I have that going right now-what a waste of time and breath.
Seems compulsory for some, though.

cpirtle
July 24, 2009, 02:52 PM
The dollar is worth more now than it was 9 months ago. It's worth half what it was before GW Chimp took over the White House. Are people's memories really that short?

:confused:

Maybe you should check your sources.

The dollar has steadily decreased in value almost every year when compared to the previous years CPI.

If you are comparing the US dollor to the Euro it has decreased more rapidly because the Euro is still gaining ground and becoming more accepted as a monetary standard.

The Fed under Big-O is printing money as fast as they can and we are having negative growth which compounds the problem.

Unfortunately the reality of what we are doing to our dollar with the policies of the last 6 months will not be known completely for years.

In 2007, the inflation rate was about 4.08%. This was higher than any year since 1990. In 2008, the inflation rate was 0.09%, the lowest rate since 1954! Consumer prices in the US peaked in July of 2008, and by January of 2009, prices had actually declined by about 4%.

jad0110
July 24, 2009, 10:18 PM
Quote:
If someone puts a $1000.00 price tag on an SKS, it means that person thinks THAT SKS is worth that much. Rather you agree or not is up to you.

By contrast, I'd say that if someone puts a $1000 price tag on an SKS, it means that person thinks YOU'RE AN IDIOT. He might be right, but that's up to you.

Well, I'm not a complete idiot. I just laughed and walked away. I watched about a dozen other people walk past, shake their heads and move on. Even if it had been signed by frickin' Nikita Khrushchev, it wouldn't have paid that much for it.

SKS prices in particular went nuts, at least in NC. I think this is because it is probably the rifle most frequently burried in PVC pipes at the moment :p . The craziness seems to have hit it's peak just this past winter, when the average SKS was selling readily for $500 - 600 in my parts.

Kinda sucks for those that paid $600, as SKS prices have plummeted back down into the $275 - $350 range since this spring.

grndslm
July 25, 2009, 04:05 PM
The Fed under Big-O is printing money as fast as they can and we are having negative growth which compounds the problem.

Unfortunately the reality of what we are doing to our dollar with the policies of the last 6 months will not be known completely for years.
You do realize that Bush handed out more bailout money in 2 months than Obama has done in 6, right?? Bush even agreed to hand out more than twice as much as Obama has done... in a third of the time. Get YOUR facts straight!

The banking and insurance industries are two industries that should NEVER run out of money. And when they get TRILLIONS from a CONservative, like Bush... why doesn't the little guy deserve a handout? If things are that bad that we need to steal $130,000 from every homeowner in America [over the course of 10 years] and give it to the Corporatocracy, then by God... we all need a hand out.

Skillet
July 25, 2009, 04:16 PM
when ACORN comes knocking on your door you say no and turn away. they aren't law enforcement. you say no, then get rid of all of the evidence, by either hiding the gun really really good or burying it. all the ammo goes for the wayside too. every last little .22 cartridge that you may find in your junk drawer. gone. poof. remember? when the ban came into effect you sent all of your gusn in to get melted to a metal shop that had no paperwork. (hypothetically)

redneckrepairs
July 25, 2009, 04:44 PM
I cant speak for the nation , but in my experience out west here , face to face deals are bringing a slight premium . IMHO this is due to many folks fears that the .gov is using the background check as a de-facto registration database . Some people i know pass background , and know have several guns already will pay a bit more for a face to face deal so the gun is " off the books " . Just food for thought on the apparent closing of value between new and used guns .

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