Establishing market value for pistol.....


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emc
November 14, 2003, 01:10 PM
A couple of acquaintances have expressed some interest in a Kahr K9 that I have in electroless nickel. I'm going to replace it with a Springfield XD9 Subcompact. The Kahr has night sights, original box & manuals, five magazines, and Milt Sparks holster and mag carrier. I've checked the sales forum here, Auctionarms, and Gunbroker, and haven't found anything quite like it. Anyone have suggestions or sources on how to come up with a fair value on the pistol and the other items? I'm going to check in with a local dealer and have him look through his price lists also, but just haven't had a chance yet.

Thanks,

emc

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ARperson
November 14, 2003, 02:31 PM
My test is take it to a good dealer whom you trust to give you a good quote. Then add $100 (give or take) to that quote for a private sale. The dealer always quotes based on his perceived profit, how many he already has of that firearm, and how well he thinks it's going to sell, so it's always a little lower than you could get from an individual who is looking for your particular model. Simple economics: supply and demand sets price.

Example, I had a loaded Springfield 1911. The dealer quoted me something like 3 and some change. Took it to the gun show and sold it to a dealer there for $400. I'm pretty sure I could have held out for more ($450-500) from an individual, but was more interested in getting it sold than getting the most out of it at that point in time.

Preacherman
November 14, 2003, 02:32 PM
Check the current new retail prices for the pistol (actual gunshop prices, not recommended retail), and price yours at a reasonable percentage of the new price, for the gun alone. If yours is in 95% condition or better, I'd charge 80% of the new price: if in 90% condition, 70%. I'd then add up the new cost of the night sights, magazines (remembering that there are only 3 extra mags - two shipped with the gun), and the holster and mag carrier, and charge 50% to 75% of the new cost for them all.

If you have a willing buyer who knows the gun, you'll probably get your asking price. If not, you can either sell the gun without some of the extras, and sell them separately, or you can negotiate a better deal.

emc
November 14, 2003, 02:39 PM
Good suggestions, gentlemen! Thanks!

emc

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