Aren't guns a better hobby investment than most others?


PDA






Ignition Override
March 25, 2011, 12:16 AM
If we pay market prices (not 'GB' etc prices), is it true that they depreciate far less than new retail objects such as tennis rackets, golf clubs, bicycles, ATVs etc?

When I told my wife two years ago that I wanted a second MN 44, her stunned expression was as if she had been hit by a Brazilian jungle native's blow dart dipped in tranquilizer.

My next comment that "ladies might have little luck reselling shoes or purses for near 90%, and how money spent on [EDITED] and casinos seldom has any return" prompted no reply.
This is a direct quote.

If you enjoyed reading about "Aren't guns a better hobby investment than most others?" here in TheHighRoad.org archive, you'll LOVE our community. Come join TheHighRoad.org today for the full version!
Geno
March 25, 2011, 12:20 AM
My wife told you years ago that I should get into cars, not firearms. Have you looked at the cost of tricking out a Mustang 5.0?! I told she had not idea what she was saying, but I did take the opportunity to buy that 25th Anniversary Mustang LX 5.0 for us. :D Turns out, she didn't want it tricked out. She just wanted a sporty car. I'll stick to firearms collecting. Cool thread idea!

Geno

Phydeaux642
March 25, 2011, 12:46 AM
Maybe, but they're a son-of-a-gun to sell, at least for me anyway. I've been buying silver as a hobby lately. Now, so far that's worked out real well.

OcelotZ3
March 25, 2011, 12:47 AM
I have quite a number of varied hobbies.

From what I've seen, firearms are one of the few where you can purchase something, enjoy using it for years, then sell it for something close to or exceeding what you paid for it.

I go for older firearms in general, and almost every one I've purchased is worth more than what I paid for it. And that is anything over 6 months old in my collection.

You won't necessarily get rich (unless you get lucky), but for a hobby, I don't think there is much that is better.

And don't say cars; I've got a few classics and they don't appreciate much at all compared to my firearms. I don't own any Ferraris, then again, I also don't own any machine guns...

towboat_er
March 25, 2011, 12:50 AM
I considered selling some silver to get a new gun. Didn't sell my silver, still got a new gun.
Life is short. Have fun now, and plan to have fun in the future.

ObsidianOne
March 25, 2011, 02:13 AM
IMO, aside from aside from gold and silver, guns are the next best thing after cash.
You always see people selling things "Will trade for guns etc.".

Jorg Nysgerrig
March 25, 2011, 02:39 AM
I would suggest that the proper way to measure the return on the hobby is how much joy it brings you, not how much you can sell the items for later.

As has been mentioned in dozens of threads here, if you want a good return on your money, there are many better options. But to me, a hobby is about doing something I enjoy, not maximizing monetary returns.

There are certainly many hobbies you can spend more on and many that you can spend less on.

ladies might have little luck reselling shoes or purses for near 90%
I don't really think that is an apples to apples comparison. Last time I checked, purses didn't require ammo or other supplies. It seems like to really compare the cost of a hobby you need to do something more like a "total cost of ownership" calculation. You buy a gun for $500. You shoot 200 rounds out of it a month at a cost of $50 for the ammo, $10 in range fees, and say $2 in miscellaneous things (cleaning supplies, ear plugs, targets, etc) every month. At the end of the year, the gun and the cost to shoot it work out to $1244. You sell the gun for 90% of what you paid and get $450 back. You are down $794 for your hobby for the year. A lady buys $500 worth of purses and gets the same amount of joy from those purses you got from shooting. At the end of the year, she sells the purses for a mere 5% of what she paid. As that hobby has no additional expenses, she's only down $475 for the purse hobby and still about $300 ahead compared to the first gun example.

I suppose that math doesn't work for those who don't actually shoot the guns they buy, but I'm not sure how much enjoyment those people get. :)

Big_E
March 25, 2011, 02:43 AM
Car audio equipment can retain its value pretty well. Some of the older models sell for a premium and there are people that just buy it to collect.

Most of my guns that I have sold retain value pretty well. If I lose out on some money on a sale, at least I got some fun/experience worth of money out of it.

Devonai
March 25, 2011, 09:23 AM
Yeah, but if you put $794 in a purse and carry it around for a year, what fun is that? :D

Jonah71
March 25, 2011, 09:42 AM
I have 3 sets of golf clubs in the basement, minus a few putters and wedges that I gave away. I couldn't sell them at the church garage sale. I'm quite sure I wouldn't have the same problem with my guns.

oneounceload
March 25, 2011, 09:45 AM
If you want a hobby with the least cost and most benefit for your money spent - buy a good pair of walking shoes and go get fit. Guns are NOT a good investment vehicle. This is a fun hobby, but is costly with all of the consumables involved - even golf is less expensive from that aspect.

If you enjoy shooting, then do it for the fun aspect, not for any investment aspect

Jonah71
March 25, 2011, 09:46 AM
With the exception of my old '72 Blackhawk 3 screw, all of my revolvers would sell for more than I paid for them. And I still wouldn't sell the BH for what I paid for it. Older revolvers in good condition seem to be increasing in price around here the past 2 years or so.

stonecutter2
March 25, 2011, 09:55 AM
It entirely depends on what guns you buy.

I bought a Walther TPH made by Interarms 22LR 6 years back. It's appreciated in value, at the very least retained it's value.

However, if you buy something years back and it's now selling for $100 more, some of that is inflation. That eats away at your return with everything. With guns you also have the transfer complication (with modern guns) - that fee cuts into your return on investment.

Precious metals seem to have a lot over guns for an investment. However, both precious metals and guns seem to be very liquid investments - you can probably sell them easily. You just have to hope for a buyer when it comes time to sell!

As one random example, I've seen the AR15 market fluctuate quite a bit since I started shopping around for one. They go up, they go down.

stonecutter2
March 25, 2011, 09:57 AM
If you want a hobby with the least cost and most benefit for your money spent - buy a good pair of walking shoes and go get fit. Guns are NOT a good investment vehicle. This is a fun hobby, but is costly with all of the consumables involved - even golf is less expensive from that aspect.

If you enjoy shooting, then do it for the fun aspect, not for any investment aspect
I like the walking idea!

jim goose
March 25, 2011, 10:30 AM
If you buy smart, used guns not in production anymore etc..No reason you cannot buy as many as you like.

Through all my ups and downs Ive owned alot of things. And looking back now, my guns kept their value and more importantly gave me something to do I enjoyed. Same for my watch collection.

I have no problem filling my safe with more vs. stocks and other headaches.

jcwit
March 25, 2011, 10:53 AM
I'd venture to say firearms beat used golf clubs and used golf balls.

Rembrandt
March 25, 2011, 11:11 AM
Given enough time, anything will increase in value.....just look at Antiques Roadshow, American Pickers, and Barret-Jackson.

ColtPythonElite
March 25, 2011, 11:17 AM
Geno,
25th Anniversary Mustang?.....Ford never officially really built a 25th Anniversary car. They just put a 25th Pony badge on the dash of all of them made from April 1989 thru June 1990....I've got one sitting in my garage I bought brand new.

Anyway, I think that as far as a hobby goes, guns make a good investment.

teumessian_fox
March 25, 2011, 11:43 AM
Aren't guns a better hobby investment than most others?

I don't really care for using hobby and investment in the same context.

A hobby is a hobby and an investment is an investment. (Unless, like some people, investing is your hobby. eTrade, anybody?)

But if you're suggesting that buying guns as a hobby is less wasteful than, say, owning a boat, then yes, you're correct. It depends largely upon how shrewd you are in buying the gun. If you buy a gun as soon as it hits the market and pay suggested retail, you'll recover less of your money spent than if you wait for a decent deal.

I've been collecting/selling guns since the early 70s and if I had to live off the profit I'd be in trouble. Yet if I had been into high dollar boats I'd probably be even worse off.

Manco
March 25, 2011, 12:09 PM
While it's true that ammo is costly, the guns themselves are inexpensive considering the market value they retain, which counts for something. One of the best examples I can think of are high-end astronomical telescopes that while pricey can be enjoyed for decades and then sold at close to the price of a new one of like quality. There probably aren't many others, though.

I don't really care for using hobby and investment in the same context.

Maybe guns shouldn't be looked at so much as an investment that implies an expected profit, but as equipment that doesn't cost as much as it may first appear. As for using this in the same context as hobbies, well, what's a hobby to you is an "investment" for your future heirs. :)

Cosmoline
March 25, 2011, 12:15 PM
Workaday firearms are a second form of cash, no question about it. Like gold and silver they also tend to go up in value as the economy falters.

True investment-grade firearms are another matter (antique Winchesters, Colts, antique flintlocks, etc). Those may go up a lot in value, or they may go down. And you're looking at very high prices to buy them in the first place.

For a "TEOTWAKI" (or as you know it for that matter--job loss divorce etc) investment the workaday rifles and handguns are a better bet. You can get food for a .30'06 or for ammo.

cskny
March 25, 2011, 12:16 PM
This topic sounds an awful lot like "justification" to me.

natman
March 25, 2011, 12:55 PM
Guns tend to at least keep up with inflation, if not better. That's a lot better than you'll get from most sporting equipment. Try getting as much as you paid for it out of a 5 year old pair of skis.

Ask your wife what percentage of her investment she could get out of her shoes.

ET
March 25, 2011, 01:06 PM
I look at it this way...Of all my hobbies, buying guns is the best investment because it is the only hobby that protects my family and myself. Yes, a golf club can ward off a wannabe burglar, but only guns will stop a murderer effectively if they show up in your house at 2 a.m. Other investments & hobbies rely on my gun collection to keep them from being taken from me. So, my gun collection is my best overall investment.

...Plus what other investment can protect me from an over reaching government that might decide at some point in time that I can no longer possess gold or guns? I'll give up all of my other hobbies & investments before I give up my guns. As Obama so eloquently put it: I am clinging to my guns & religion because I am scared and can't understand what is going on in the world. Poor ignorant me. :o

griff383
March 25, 2011, 01:14 PM
Sure a gun costs money to actively shoot, but you guys are overlooking one of the biggest benefits of this "hobby"... THERAPY! Since $800 was used earlier in this thread we will continue with that number

So we assume that it costs $800 a year for you to shoot
-Ammo
-Targets
-Misc supplies, ect

Shooting supplies relief from a stressful day for whatever reason. Get a big enough gun or shoot something reactive and you get a big old grin sometimes even the giggles.

A therapist can charge that ($800) in ONE session and you dont get to destroy anything and you sure as heck aint smiling when you write the check.

I look at shooting as an investment into my sanity. Reloading helps even more.

My wife has come to realize this and leaves me alone to it because she knows that when Ive had a good day she can get away with whatever scheme she has cooked up during my absence

P.S. I got her to give the OK on a CMP Garand as an "investment". Good sell eh?

oldbear
March 25, 2011, 01:15 PM
I’m afraid, for most of us that gun collection as a path to profit is not realistic. Yes there are a number of high dollar Colts’ and Smith and Wesson’s on the market, and many of these weapons have been on the market for some time, and many of these will be for sale for some time to come. There are only so many people who want and can AFFORD true collector grade weapons. I for one would love to have a Smith and Wesson registered Magnum. Even though I have the $$, (after years of saving), I refuse to pay $5,000.00 + $$ for a safe queen.

I have sold any number of handguns over the years and with one exception always at a small profit, but never enough to consider any of these sales as a true profit center. I.e. in 1971, I purchased a Browning H.P. for $118.00. in 1974(?) I sold it for $150.00 so I made a $32.00 profit over a period of three years, or $11.00 a year return on my investment, if I put the money in the bank or a decent mutual fund I would have had a better R.O.I. Yet I would not have had three years of fun I had shooting the Browning.

So my advice is, if you can afford it, buy all the quality firearms you want and hope they go up in price, but PLEASE don’t invest the kid’s college fund in firearms.

sm
March 25, 2011, 05:15 PM
I gots two sets of divorce papers, and trust me, guns hold their value a whole lot better that ex-wives...

HGUNHNTR
March 25, 2011, 05:17 PM
If she responded in such a manner to your inquiry to purchase another $70 rifle she would have a tough time in my house. :)

OcelotZ3
March 25, 2011, 11:01 PM
I’m afraid, for most of us that gun collection as a path to profit is no

But, that wasn't the original statement. The OP wasn't saying guns were a good *investment*, he stated that as a hobby, you can recoup most of your investment when you want. That is very true.

Others seem to be getting off track from the OP's assertion too.

True Grit
March 25, 2011, 11:22 PM
Best hobby ever! A gun is an investment that can give you alot off fun, save your life, and maybe make you a little cash.

22-rimfire
March 25, 2011, 11:31 PM
At least with guns, you can actually sell them for something approaching what you paid for them or a bit more if you are lucky or the values increased due to inflation. Everybody talks about the one that circumstances caused the value to increase (usually some uncommon variation that didn't sell well), but they don't talk about the ones they sold for half what they paid for them. But even at half of the original cost, at least you can sell them.

NMGonzo
March 25, 2011, 11:32 PM
Used to chase women ... now I chase brass.

Ignition Override
March 26, 2011, 01:00 AM
I see the truth in all of the comments.

The intention was not meant to view guns as a cold, certain financial profit, but see them as historical objects/tools which don't depreciate as fast as so many other things.

After squeezing through crowded airports at work, while living on peanuts for eight hours and a drive home through fairly thick traffic, it is so nice to look fwd. to sitting in the green outdoors with a handy rifle.

The sense of freedom, history and sporting challenge in rural landscape to hit or destroy a target must be therapy: an escape from a world which has grown far too complex and impersonal, as we must always drive in such sheer isolation (the American lifestyle) in our little private motorized bubbles among total strangers, just to buy dinner or kitty litter among other total strangers. Of course a small town can cure this.

I am so thankful that despite the vast amount of helpful or critical info and pure entertainment on the Internet ('THR', 'surplusrifle', "Hickok45" and
"Blade Runner" etc), guns and reloading don't require computer skills to operate them, such as getting company dvds to work or restart etc.
And thankful that so much info on guns/reloading can be gleaned from you experienced people.

DeepSouth
March 26, 2011, 01:27 AM
Only if ammo was free. Then I could break even if I wanted.

Dulvarian
March 26, 2011, 01:55 AM
Think of them as tangible liquid assets that have common market fluctuations like everything else. There were periods when buying things before they are no longer available is very profitable. Think of all the 'preban' stuff that quadrupled in value. Or Microsoft stock on their IPO.

It's all about timing of the market for investment purposes.

I choose for my hobby to be be a hobby. The 22LR's are for hours of fun and plinking. I can't think of any centerfire that I would call 'cheap' shooting for 4 hours, even if you reload. All you do there is reduce the cost per round, and you only save once you have spent hundreds of dollars anyway.

I recently sold two handguns. One a very nice profit, one at a loss. The first I just didn't want anymore, and I got more than if I had traded it or pawned it. The second I hesitated on, but didn't really want.

The net gain was that I got the new rifle and scope that I wanted for less than the price of the scope, out of pocket. As I see it, that's the real value in the firearm as an 'investment'. It holds value well, some better than others, but in general, the value doesn't change much.

That is, considering you paid fair market value for it and maintained it well while it was in your possession.

I still have every power tool I've bought in the last 15 years, and I doubt any of them could be resold at anything approaching what I paid for them. Handyman is a fun hobby, but unless you are making stuff... it just takes up space in your garage or workshop. Guns are a little easier to store than drill presses and table saws.

Invest in the things that you want. I know people that burn every spare dime they have on boating, skiing/wakeboarding. Not a good return on the money, rather expensive, but they enjoy it every bit as much as I do shooting.

ear-doc
March 26, 2011, 08:17 AM
A number of years ago I got bit by the Gun Bug and started purchasing guns on a regular basis. My collection quickly reached over 150 pieces, with no particular theme. I bought quite a few .22's as my first passion was bullseye,a cheap S&W, a S&W .41 and then 2 Hammerilli's., I bought 15 Lugers, all the 10mms made, Sigs, Walthers, H&Ks a custom built .45.
I then developed some medical problems and began to sell the items.
I found that the rare, exotic, classic or unique items returned a great profit while the run of the mill, mundane pieces went at the purchase price.
My best profit generators H&K match, Sig P210, all Colts and the Lugers.
Overall if you purchase wisely, and sell at retail I think you will do better than most investment vehicles plus you can have a great deal of enjoyment.
The negatives are the security risk of having that many weapons and the relative hassle of selling over the internet.

Specs
March 26, 2011, 08:48 AM
Back in the 1970s and 80s I was a "silver bug" I bought silver coins privately at yard sales and flea markets and paid 2-2 1/2 time face value for them. Today the approx $1000.00 face value silver is worth approx $28000. So had I kept the silver I bought at about $2500.00 I would show an increase of about $25500, which appears to be a huge profit.

Instead of keeping the silver I sold it for about $4000.00 and invested in an inground pool for our home in Miami FL. When I sold the property in Miami to relocate to a job in Chicage (UGGHH) I made about $4000.00 profit and reinvested in another house in IL. Moral of story? I traded the silver for a hole in the ground which I basically left in FL. The upside is that we lived there for about 4 years after putting in the pool, and with 4 sons to enjoy it we feel that we got our value.

Sorry to be so long and rambling, but the point is that we all make our choices, and today for me I am buying just a few guns and lots of ammo each year. Consider that today you could trade a roll of silver quarters + a roll of silver dimes for a pretty spiffy new pistol or revolver, but to go out today and buy a roll of quarters and a roll of dimes for about $450.00 or so total seems ludicrous when you visit the fun store and see what else your $ will buy.

HGUNHNTR
March 26, 2011, 12:25 PM
I don't look at it in terms of monetary return. Hobbies don't need to pay for themselves in terms of financial reward.

oldbear
March 26, 2011, 07:25 PM
But, that wasn't the original statement.

Yes, you are right. I for one got way off topic and for that I apologize. But using my original example of the Browning H/P, counting the cost of all the ammo I put through it, I lost money on the sale. Yet again I did have three years to shoot and enjoy the H/P.

To me hobbies are to be enjoyed and not a profit center. If you can make a few bucks with your hobby GREAT. But IMHO when you try and turn a hobby into a profit center it starts to become work, and I’ve had too many years of that already and I did not retire to start a second career.

Remo223
March 26, 2011, 07:33 PM
I can think of a few things that hold value better than guns.

jewelry
coins
harleys

as with anything though, you gotta know which items to NOT buy, or you will get stung.

XxWINxX94
March 26, 2011, 07:35 PM
I think buying/selling guns is a great hobby, especially if you can buy low & sell high for a little profit. The only drawback to this is actually finding a buyer to sell to and seller to buy from. Not every local chump on the street is selling that Red-Letter Winchester you've been after for years at a reasonable price. However, estate sales, clueless people who inherit collections, and uneducated armchair commandos are a great start to begin "flipping" guns. Not only does it envolve you with guns, you really get involved with prices, and start to recognize deals and rip-offs, all while you indulge in guns as a hobby, meet new people, and involve yourself in the firearm community.

My expirience comes from inheriting a collection and buying/selling other guns.

ColtPythonElite
March 26, 2011, 07:39 PM
Harley's holding value better than guns? Maybe 15 years ago. Them days are over.

Remo223
March 26, 2011, 07:43 PM
so don't buy a new harley then. Some guns are same way.

earlthegoat2
March 26, 2011, 07:45 PM
Woodworking hand tools and traditional archery are also pretty good investment hobbies. I have never sold a recurve or longbow for less than I bought it for.

Hand planes have a growing collector and user market. As with guns, older is better in terms of collector value and user quality. Stanley, Millers Falls, Union, and Ohio planes are only gaining in value whether you use them or not.

FROGO207
March 27, 2011, 10:31 AM
I always buy my firearms at a bargain price and use them till I get bored. Then I sell or trade for a small gain at the minimum, if not it's no deal! That said if the economy does collapse or get severely depressed for any reason what will be worth more, a heavy bag of gold or silver that is not even suitable for molding into bullets or a hunting rifle with a couple hundred rounds of ammo to use for defense or gathering of food. Going to throw the gold bars at someone and hope to scare them off?? If it ever comes to a point that a currency is worth nothing why still have it? A tool of any kind that helps you survive is the winner anytime in a desperate situation hands down. So I bitterly cling to my firearms.:D

* At present all of my firearms are worth at least 1/3 more than I paid for them if they are at least 2 years old or more.

Shanghai McCoy
March 27, 2011, 12:13 PM
I have always believed that if you ain't wasting time , money or both it don't count as a hobby...
;)

jcwit
March 27, 2011, 12:16 PM
Thats correct Shanghai. I've never put a dollar amount on my sleep time either.

hammerklavier
March 27, 2011, 12:31 PM
+1 on woodworking, the tools retain their value and you can sell the stuff you make :)

kayak-man
March 27, 2011, 12:41 PM
Hey,

Its got to be cheaper than boats.

Chris "the Kayak-Man" Johnson

lightman
March 27, 2011, 12:51 PM
I love this hobby enough that I don't try to justify the cost,but as I get closer to retirement,I do pay more attention to things that have little or no return on the original cost.Its true that you can usually get more of your investment back from guns than lots of other hobbies.Just don't buy an assault rifle right before a democrat wins a major election,then try to get your money back afterwards.:)Reloading equipment also seems to hold its value better than most other tools. Lightman

Remo223
March 27, 2011, 01:30 PM
Hey,

Its got to be cheaper than boats.

Chris "the Kayak-Man" Johnson
A boat is nuthin but a hole in the water you throw money into

The two happiest days of my life was the day I bought my boat, and the day I sold it.

4 things you should always rent, but NEVER own, are boats, airplanes, swimming pools, and women.

ColtPythonElite
March 27, 2011, 07:43 PM
I've been a lucky boat owner. Mine's a 1985 Mercruiser powered I/O. I've spent less than $1000 in repairs on it in the 15 years that I have owned it. The original owner didn't spend a nickel on repairs. Nothing broke on it. Other than routine maintenance, the only thing he ever did was replace the bellows one time, the year before I bought it. I haven't replaced them myself.

bushmaster1313
March 27, 2011, 11:46 PM
Other than SXS shotguns, which are a bit tricky to me, used guns under $1000 bought at auction price seem to be sellable for at least 90% of the auction price, not including shipping, insurance and transfer fees.

Buy a $500 gun and sell it for $450 and you have only lost $50.

Heck, it can cost $25 to rent a gun at a range for an afternoon.

I tend to turnover my guns rather frequently, so looking at the price differential as "rent" makes sense for me.

kayak-man
March 28, 2011, 12:24 AM
Remo223:

I like it :evil:

I've heard the first two before, but not the renting one.

ColtPython: Glad to see your boat hasn't been much trouble. I grew up around boats, and I remember something ALWAYS had to be done. I want GLOCK to make a boat: it would run forever, and I'd only have to hose it down once every couple months :D

I don't think of guns in terms of value because I'll probalby never sell any of mine. I've tried before, but never had any decent offers (I'll admit, that could have been my fault, I'm not sure though) Plus, whatever cash I'd be able to get for them pales in comparison to the look on my coworkers face's whenever one of them asks "How many guns DO you own?"

It makes me feel all warm and fuzzy inside :evil:

Chris "the Kayak-Man" Johnson

Tallyman
March 28, 2011, 01:24 AM
Real estate is cheap right now and home rentals are bringing top prices because of all of the vacant homes frozen in foreclosure. As more people lose their homes and have their credit destroyed, they will have to rent. The banks are doing a job on American working families with foreclosed mortgages.

When the available homes are eventually sold and new home prices increase because of higher building costs, the prices of homes today will look like bargains. Homes in southern Colorado are now selling at mid-90s prices, but prices are heading up again.

Quality firearms don't eat and cost nothing to own beyond their original purchase price. Some bargains can still be had if you look hard enough. . . the cost of living is increasing and take home pay isn't. More used guns will be available at reasonable prices. Prices of new firearms are increasing as material costs increase and, if sales decrease, some manufacturers will go out of business. Some of their firearms will become collectibles in the future.

Both of these TANGIBLE investments will increase in value as the Obama dollar erodes.

I have enough monthly income to live on plus a little reserve in the bank, but in the past few years I have converted most of my assets into real estate and firearms. I live in one home and rent out the other and I am now looking for a third property to purchase.

Firearms are functional and can be used for many purposes while increasing in value.

Can't say that for gold or stocks. If gold was such a great investment, why are there so many ads offering to sell it?

And the stock market?. . . .nothing tangible or functional there!!

If you do nothing else - cash in everything you don't absolutely need and PAY OFF YOUR HOME!! You would be amazed how much money you can save when you don't have mortgage payments!

Then you can think seriously about those other investments!

DasFriek
March 28, 2011, 05:11 AM
Dont ever take a Taurus 1911 and strip it down to the frame/slide/barrel and replace everything with all high end part and then hand fit them. Dont stop there and put a carry bevel/melt job and a good refinishing job and then expect to get anywhere close to the $1700 i invested in the gun.
Thats just an example of a BAD investment, I had good reasons for doing it actually.
But my other guns i try and leave stock or upgrade them a little as i know full and well upgrades are just money tossed in the trash can.
But almost all gun will go up in value, Especially if you buy at a lower price being used.

I also collect knives and it doesn't take too many years until they start being worth 50% more than what i paid for them originally. Stay away from custom items and fads as the market can drop out on both if you cant find the right buyer.
Just buy from a well known maker and a good too high demand type item and it wont take long before you can see its value increasing.

vaherder
March 28, 2011, 07:06 AM
Back in 1969 my dad had the opportunity to purchase a Ferrari 250 GTO with a race history that included Le Mans, Spa, and the Targa Florio for $10k. he had three young kids at the time and my mom said no. He kept the chassis number and I still have it. Car is now worth somewhere between $15 to 20 million.

My round tail light BMW 2002 w/ 5spd, 4 wheel discs and 260hp F2 head 16v engine would bring me about $25K I have about $21K. My two E30M3s have appreciated in value in last couple years but arent worth any where close to their MSRP. L88 Vettes, Boss429s, Hemi cudas, Ferrari 275 long nose alloy w/ race histories are decent investments but garage queens.

Cant think of any cars produced in last 20 years or so that would be a good investments except for maybe a 95 McLaren F1. I can't think of handgun, rifle or shotgun produced in last 10 years that maybe collectible.

Probably my best collector item is my vintage Porsche tractor. My neighbor has a vintage Lamborghini tractor. I still use the tractor.

Firearms are probably similar. A vintage Winchester or Colt has how much upside left? Anyone remember what happened to Ferrari prices 15 years ago when they tanked or current collector car prices that have dropped.

I like to drive my cars and shoot my firearms. I am considering having a resto modded 57 Nomad or mid 60's Nova station wagon built for me. I am still thinking about what to power it with. A vintage big block aluminum Can Am Chevy with injector stacks popping out of the hood is my current fav.

Most important know who you are buying from and the auction company you are dealing with. Some have better reps then others. I would never buy from Barrett Jackson based on problems frinds have had selling and buying w/them.

I am considering bidding for Steve McQueen's 911 in August. Yeah the one you see in the opening scenes of Le Mans. Always wanted a 70 911S since its the ebst 911 ever produced.

Buy it drive or shoot it and enjoy it. you can't take it with you.

Va herder

Pistol Ranch
March 28, 2011, 09:50 AM
I have never lost money on a firearm..One of the few "hobby" investments that actually appreciate in value.
You have to educate yourself on gun values and the bluebook is one way to do it; another is the gun auction sites..
Buying the latest firearm because it "looks cool" or is written up in the latest gun magazine is a big mistake IMO.

P.R.

rscalzo
March 28, 2011, 10:36 AM
you can recoup most of your investment when you want.

DeepSouth hit it right on the head. If you could recoup the cost of the ammo you could break even. But unless you buy them and lock them up, which many do, you never recoup the investment. The cost of one handgun in my collection is far outweighed by the cost of ammo to shoot it. Even though I reload 95 percent of my ammo, I still spend more on ammo than the actual gun itself.

If you're buying it for an investment, most likely you'd lose. In 1975, I bought a new Colt 1911, Series 70 for $125. If I took that money and put it into a CD at the average rate of 7%, I'd have about $1350.00.

ForumSurfer
March 28, 2011, 10:40 AM
I view hobbies as something that I throw money at. It just so happens that this hobby's main items typically don't lose their value too much. I tend not to look at it that way, because I'll spend more money on ammo and accessories than the firearm fairly quickly.



Let's say I buy a glock for about $450 used, or an xdm for $500-$550 used. Easily done, easily resold.
Holster (owb and IWB...that junk that comes with the xdm doesn't count) adds $100 to $250.
Heinie straight 8 night sights (because I like them) adds another $100 or so.
Ammo...I typically run at least 2000 rounds down the pipe before I decide if I like the handgun or not. Figure another $360-$450+ depending on caliber.
Accessories like trigger kits (or a g17 smooth trigger that I like to install on any glock I buy). Add another $30-$150.

Firearms as an investment stink. They aren't making me money sitting in my safe. Stocks and savings bonds do that. They do have the ability to retain their value if I buy used or the ability to barter for items of equal value (like trading a kimber for an ar10, one of my better trade-ups :neener: ).

oneounceload
March 28, 2011, 10:58 AM
I can't think of handgun, rifle or shotgun produced in last 10 years that maybe collectible.

In the shotgun realm, you have to go REAL big in $$$$$ to make it worthwhile as far as collecting. Bertuzzi's Gull Wing Fabbri's titanium, guns from Hofer and Ollendorf, or similar one of a kind pieces ALWAYS go up - but they already start very high

jiminhobesound
March 28, 2011, 07:00 PM
I have had to sell pre 64 winchesters and an LC Smith. I do not believe that they were a good financial investment given the many years they were in the family and the price I received in return. I thing guns are like anything else, buy low and sell high. Also, guns that you will actually use will never return the money you put in them. I knew a man who would buy high end US made guns and never fire them. Several years later after inflation he made some money.

ol' scratch
March 28, 2011, 07:22 PM
I agree that it is a better hobby and more practical too. The guns I seem to have been of the milsurp variety, specifically the kind that go 'PING';). I really do think they are the best deal going. I am well on my way to owning two that are completely correct.

I also picked up a Kimber Model 82 Government. A great gun and worth more than I paid for it.

As far as an investment? Not really. I will say I have more fun with them and if I don't like one, I can recoup close to my costs and purchase another. I didn't think this was an investment thread, however. I am just saying.

mgregg85
March 28, 2011, 07:23 PM
This is something I've been trying to tell my fiancée. I've had to sell a few guns before and generally I make a small profit on them. And in a SHTF scenario I think guns would be worth more their weight in gold.

OcelotZ3
March 28, 2011, 11:30 PM
Back in 1969 my dad had the opportunity to purchase a Ferrari 250 GTO with a race history that included Le Mans, Spa, and the Targa Florio for $10k. he had three young kids at the time and my mom said no. He kept the chassis number and I still have it. Car is now worth somewhere between $15 to 20 million.

Yeah, as you say, "it depends". A friend had a Ferrari Testarossa that he used to Autocross, and sold it for $3000 to pay for grad school. He looked it up decades later and it was worth over $3 million. Big deal.

People who own Ferraris, expecting to get lots of money back out of them (especially ex-race cars), don't ever do anything with them but trailer them to the big shows, if even that.

I still agree with the OP that as far as *affordable* hobbies go, you can get quite a bit of your original investment back when you want.

And those who are including ammunition as part of the investment, I don't agree with that at all. First, the OP wasn't treating it as an investment! People need to get over this already. He was saying it was a hobby that you could recoup most of the money out of later if you needed/wanted to. Aw heck, I give up.

Br
March 29, 2011, 11:34 AM
One thing that comes close is high quality camera gear, mainly lenses. I've purchased new lenses for $2000 or more & sold them years later for nearly as much. As long as the glass is clean, you can get get good value back.

Both let you shoot things too. :)

Losov
March 29, 2011, 11:49 AM
My other hobby is guitar playing. Guns are way cheaper than guitars, but ammo is way more expensive than strings.

sixgunner455
March 29, 2011, 12:02 PM
When I first got into guns, if I sold one, it was usually at a bit of a loss. I haven't sold at a loss in years. I buy carefully, I buy what I want, and I try to not spend too much money. I enjoy what I have while I have it, and if I decide to sell later, I usually sell for much more than I paid for the weapon.

But I can pretty much guarantee that I already spent a lot more than what I get back on ammunition. :D

brnmuenchow
March 29, 2011, 12:10 PM
I have guns, cars, and guitars and believe me guns and ammo are the real investment. My father and I were both discussing that before. I have a Ford Mustang, and he has a Roush Mustang, both are modified with low mileadge and at the end of the day if we tried to sell them we would lose our "your know what's"! (They might pay off in the future, mabye??) An exhaust system for ex. headers to tail pipe can cost as much as $2,500-$4,000 use it for one year and then try to sell it and get $800-$1,200 for it, not easy! Buy a quality gun for $700 in 1990's, and sell it for as much if not more than you paid for it in 2010. I purchased a 1975 Colt "Python" for $1,000 a few years back, try getting that kind of investment on a '75 Camaro or Mustang!

high country
March 29, 2011, 01:21 PM
Great thread idea:)

It is really the depreciation issue that sets my gun hobby apart from my other hobbies. If I buy a new set of skis, whether I use them or not, in a couple of years thay are outdated and essentially worthless. If I buy a car with the intent of modifying it, every go fast goody that goes on it comes right off the resale value, whether I get to use it much or not.

But if I buy a gun, and don't have time to shoot it as much as I would like, it is worth the same amount, give or take, when I get it back out of the safe. I would never buy a gun with the idea of making a profit. I have paid more than I should have for guns that I wanted, and have gotten some good deals.

All hobbies are expensive if you do them a lot. Lift passes are expensive, and I try to reduce that cost by grabbing pre-season deals. Ammo is expensive, and I try to reduce that cost by reloading, and shooting more .22lr. Rafting and kayaking are exensive, but I try to reduce that cost by making plenty of sandwiches to take along, and drinking Pabst. Soprts cars and rockcrawlers are just plain expensive, I reduce that cost by not having those as a hobby any more...

But of all of those, my gun hobby is the only one where the major equipment investment does not depreciate. So, in that sense, where most sports equipment is a sunk cost, the cost of firearms can generally be recovered.

At least that is what I tell my significant other:D

Stevie-Ray
March 30, 2011, 01:28 PM
Geno,
25th Anniversary Mustang?.....Ford never officially really built a 25th Anniversary car. They just put a 25th Pony badge on the dash of all of them made from April 1989 thru June 1990....I've got one sitting in my garage I bought brand new.Correct. The REAL 25th anniversary edition, which was to be a twin-turbocharged 351 with over 400 horsepower, was never built. I personally asked Robert Rewey (the father of SVO) why it wasn't, and after hemming and hawing for a couple seconds, he said, "You know, there wasn't really any good reason they didn't build that car." Always liked Bob, and Ford's performance vehicles always had a lot him in them.

I've always said that I wish my true investments had done as well as my firearms over the years. I'd be far better off than now.

ol' scratch
March 30, 2011, 06:13 PM
This is something I've been trying to tell my fiancée. I've had to sell a few guns before and generally I make a small profit on them. And in a SHTF scenario I think guns would be worth more their weight in gold.
In a SHTF scenario, water and food will be worth their weight in gold.

ol' scratch
March 30, 2011, 06:20 PM
My other hobby is guitar playing. Guns are way cheaper than guitars, but ammo is way more expensive than strings.
Guns and guitars are the same in one way. A GOOD guitar will be worth something later down the line as a collectable. Check out the prices on the pre-61 Gibson Les Pauls. A poorly made guitar doesn't hold its value.

A good gun TENDS to be expensive, but tends to hold its value if not appreciate with age. The only exception are milsurps which seem cheap and readily available until they aren't. Then prices seem to rise 10 fold.

22-rimfire
March 30, 2011, 06:22 PM
I hope that is a figure of speach about gold. I can't imagine a 40 oz gun being worth the value of 40 ounces of gold pretty much EVER.

jasperbpb1
March 30, 2011, 06:31 PM
An investment is supossed to pay you money. So, in some ways, even a house does not do that but you have to live somewhere.
Guns can be 'played with', shot, or become a 'safequeen.' i have some in each category collecting and shooting since 1970. I have enjoyed this 'hobby' and i know each of my guns will be kept when i die--i hope!

If you enjoyed reading about "Aren't guns a better hobby investment than most others?" here in TheHighRoad.org archive, you'll LOVE our community. Come join TheHighRoad.org today for the full version!