Was I reasonable, or stupid - AR sale


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jmace57
February 4, 2013, 11:00 PM
I sold my (one and only) AR15 today. I built it myself from all PSA parts and finished it last April. I had never shot it as I live in the middle of a big city and had just never gotten around to shooting it. Becuase I gradualy built it when components went on sale (and the old PSA free shipping deals), I figure I had about $650 into it. I had bought a red-dot sight, a MBUS flip up sight, a carry bag, and 6 x 30 round mags (steel and aluminum both).

I sold it to a local firefighter today with 300 rounds of .223 for $1650. One of the things the buyer said to me was..."why are you selling it so cheap - you could probably have gotten $2500 for it with these extras".

I guess I felt a little dumb, but I just said I couldn't see screwing somebody that badly...that I think the AWB isn't going to happen and there are going to be a lot of people regretting having bought $800 ARs for $2000+ dollars.

Between the extras and 300 rounds of ammo (that I bought for $7 a box), I figure I had about $900 into everything. I told the guy what I had paid, and how I thought a $750 profit was more than satisfactory to me. I am as much of a capitalist as anyone else, but just couldn't bring myself to gouge somebody that bad.

I'm also selling my leftover .223 to co-workers for the $7 a box I paid for it. Is my logic flawed? Anyone else feel the way I do, or was I just dumb?

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hogshead
February 4, 2013, 11:03 PM
You more than doubled your money. The buyer thought it was a good deal. Win win.

bayjoe
February 4, 2013, 11:06 PM
If you got what you wanted, and the buyer was willing to pay what you ask, I would say you both walked away happy.

coolluke01
February 4, 2013, 11:20 PM
I sold my one and only a few weeks ago. I'm with you in the thinking that the ban won't pass.

You sell it for whatever you think it's worth. Anyone who can get .223 for less than $20 a box will be more than happy. The market has declared what it is willing to pay, don't feel bad about it, your buyers aren't. It's a gamble. You are betting that the ban won't pass and they are betting that it will. They would like to own an AR now incase it does pass and are perfectly happy to pay what they need to in order to have that peace of mind.

Now go and buy a gun (or something else) you've had your eye on and enjoy it. Hoarding a gun that you never shoot or enjoy isn't any fun.

I bought a LCP for the wife and a Volquartsen .22.

r1derbike
February 4, 2013, 11:26 PM
You both are happy, no foul! Buy something with the spoils of victory!

Teachu2
February 4, 2013, 11:39 PM
That's a perfect sale - both parties think they got the best end of the deal!

TheGloriousTachikoma
February 4, 2013, 11:42 PM
I sold a spare PSA M4 barreled upper and bought a brand new RX06-10 for my A2. Not selling any of my ammo, I don't even have an adequate minimum for the one I have :D

breakingcontact
February 4, 2013, 11:49 PM
I understand what you're saying.

It's gone, you go the cash, move onto the next one.

PGT
February 4, 2013, 11:49 PM
You more than doubled your money. The buyer thought it was a good deal. Win win.
this. I sold my FNH FiveSeven and PS90 for 2x what I paid and the buyer was HAPPY to get them.

ObsidianOne
February 5, 2013, 12:10 AM
I commend you sir, while you did "take advantage" of the scare by selling it for a profit, you didn't join the crowd and screw them over. And selling the .223 to your coworker for the cost you got it for shows character. If only everyone thought like you, we wouldn't be in this mess.

PBR Streetgang
February 5, 2013, 12:13 AM
Now you have me thinking of thinning out the AR herd in the safe...........

RaceM
February 5, 2013, 12:22 AM
A man of integrity. Sleep well & soundly, sir.

AlexanderA
February 5, 2013, 12:59 AM
In terms of selling price versus your original cost, you did well. In terms of selling price versus replacement cost, maybe not so much.

JR1988
February 5, 2013, 01:27 AM
I sold my DDM4 V5 and remaining ammo I had with it for $3,000. Rolling the dice with you guys as well, I guess in a few months we will find out one way or another if we made a bad gamble or not.

OldMac
February 5, 2013, 02:32 AM
Did the same thing recently. I thought i needed one originally but it sat in the safe for years. Sold it for double, the buyer was thrilled, and i was relieved. I will not miss it. You did the right thing and helped keep the temporary prices low. If everyone stopped selling and the lgs is out, then the price will jump to the point where someone decides they cant afford to keep it.

thorazine
February 5, 2013, 04:54 AM
I'm also selling my leftover .223 to co-workers for the $7 a box I paid for it. Is my logic flawed? Anyone else feel the way I do, or was I just dumb?

If it's for their own personal consumption then you're a great guy. :D

If they are just going to turn around and resell it again for a profit then...

kyletx1911
February 5, 2013, 07:44 AM
A man of integrity. Sleep well & soundly, sir.
this

foghornl
February 5, 2013, 07:46 AM
You both apparently walked away satisfied, so in my humble opinion, it was a good deal for each.

Well done, sir. You made some profit to cover your overhead (your time & materials), so a tip-of-the-hat also for your pricing to others on your (now surplus) ammo.

JustinJ
February 5, 2013, 09:02 AM
At the last gun show i saw many AR's sitting on tables for ridiculous prices and the vast majority just sat there. Many people mistake what people are asking for what people are regularly paying.

Orion8472
February 5, 2013, 09:20 AM
I sold an AR last week. Stag Model 3. I didn't really get a lot out of it. I priced it [on gunbroker] just above what I had put in it, . . . and that is what it sold for. Only one bid. I think it would have sold for more if I hadn't had it Cerekoted with Burnt Bronze. Thought I was going to keep it, before all this happened. Didn't really WANT to keep it, but had no success in trying to sell it before, . . . not even when I dropped the price below what it was worth [at that time]. So, in a way, I was able to get the money out of what it would have sold new, as well as the cost of the finish and the magpul pieces on it.

I'm happy it sold, and glad I was able to [at least] get my money out of it. Moral of the story, if you sell an AR-15, . . . . you will get far more bidders if it is left in black.

jimmyraythomason
February 5, 2013, 11:37 AM
It's gone, you got the cash, move onto the next one. Be sure to let us know how much your next one costs. I doubt you'll get it as cheaply as you sold the first one.

Jackal
February 5, 2013, 11:38 AM
For a home built AR, $1600 is a smoking deal for you, considering 6 months ago it would have been worth $700.

Ashcons
February 5, 2013, 12:35 PM
Sounds like you were both happy with the deal. That's the best kinda deal! I had a teacher in college, who was a likable fellow, tell our class one time that a fair deal is one you and the buyer/seller both feel good about.

readyeddy
February 5, 2013, 12:42 PM
You left $900 on the table. I wouldn't call it stupid. It's your money and your choice.

browneu
February 5, 2013, 02:39 PM
You left $900 on the table. I wouldn't call it stupid. It's your money and your choice.

Only if the buyer was willing to pay $900 more.

OP you're reasonable. You might have left money on the table but as the old saying goes, "a bird in the hand is better than two in the bush. "

Sent from my SGH-T999 using Tapatalk 2

umadcuzimstylin
February 5, 2013, 03:57 PM
The AWB is happening all around the country, we are just lucky to live in Texas. Minnesota and New Mexico are trying to have an AWB. New York banned magazines over 7 rounds which bans 90% of handguns.

shafter
February 5, 2013, 04:20 PM
Like it or not the ban is coming. We have someone in charge who waves a magic wand and gets what he wants. People didn't want Obamacare and we got that. I would not sell my only AR at this time. Since you did sell however, good for you for not gouging the other guy. You made a nice profit and he got a nice deal.

vujade
February 5, 2013, 05:55 PM
I got this from Dave Ramsey (radio personality who specializes in finance):

"If you have $1650 in your pocket and saw the exact same gun for sale. Would you buy it?"

If you said, "No"... then you did good by selling it. If you say, "Yes, I'd buy it!" Then you should have kept it.

vujade
February 5, 2013, 05:59 PM
I hope I'm not wrong. I don't think an AWB will pass. If that's right, prices will go down. This thing has all the signs of a bubble. Classifieds are full of guns trying to be sold at $2000 with NIB or OBO with references to "30 round clips" on the same posting.

There are a lot of folks who bought these guns or buying them as soon as Walmart has some and then quickly try to flip them. Good for them while they make profits. I think eventually the market will settle and there will be some folks with 2 or 3 Bushmaster ARs (NIB with 30 round 'clips') and they are already late on their credit card payment.

They would have to sell cheaper than Walmart/Academy or be stuck with them.

(I hope anyway!)

Skribs
February 5, 2013, 06:01 PM
In terms of selling price versus your original cost, you did well. In terms of selling price versus replacement cost, maybe not so much.

Until the prices come down, at which point he replaces it for cheaper.

Pilot
February 5, 2013, 06:08 PM
In six months you'll be able to buy it back for about $750.

The_Armed_Therapist
February 5, 2013, 06:20 PM
I'm not as convinced you'd get $2,500 for it, if you'd asked for it. People are listing ARs for that much, but from what I've been hearing, they're hardly all selling for that. Plus, it should be fairly obvious now that ARs aren't going to be disappearing anytime soon. People are realizing they can hold off on buying one (when they originally perceived themselves as 'missing the boat') until the price comes down more. You lowered the price enough to find a highly motivated buyer, and in so doing, made your life a lot easier.

The_Armed_Therapist
February 5, 2013, 06:24 PM
In six months you'll be able to buy it back for about $750.

I'm not sure prices will come down to that level, especially not in 6 months. Even if the fear of ARs disappearing dissipates, demand will probably stabilize higher than it was before. Contrarily, supply will likely remain the same. While the fear of 'missing out' on an AR-15 isn't strong enough to warrant an extended radically high demand, the fear of expanding production (which can take years to pay off) will likely deter an equal increase in supply. Hence, between where prices were in November and where they are now. That's my hypothesis, anyways...

jmace57
February 5, 2013, 09:32 PM
Thanks all for your comments. I'm turning around and buying things I enjoy collecting (1903 Colts and S&W revolvers) with the money...although my wife has already been eyeing the money for non-essentials like a sofa. So I'd better spend it quick.

thump_rrr
February 6, 2013, 02:49 AM
The AWB is happening all around the country, we are just lucky to live in Texas. Minnesota and New Mexico are trying to have an AWB. New York banned magazines over 7 rounds which bans 90% of handguns.
The statement concerning Ny is inaccurate.
They banned all magazines over 10 rounds.
In other words all pre ban (AWB 1.0) magazines, which were grandfathered, must be gotten rid of before April 2014.
10 round magazines are legal but cannot be loaded with more than 7 rounds.

urbaneruralite
February 6, 2013, 09:03 AM
I did the same thing. You sold while the market started turning down and still doubled your money.

Gordon
February 6, 2013, 10:15 AM
Maybe your AR armed firefighter friend will help you when the riots hit the big city when the dollar gets devaluated like the peso, the gubbimint runs out of money and obama fones, nobody except first responders have jobs and all the glorious socialism comes home to roost like it has in every country that cut their own throat with it. Just my $.02 but I am proud my fellow Americans have armed themselves to the teeth!

zhyla
February 6, 2013, 05:36 PM
I have no problem separating fools from money. I have a coworker that has been unloading his guns for ridiculous money. I think he's profited about $5k from just a few sales. Wish I had some AR's so I could do the same.

gpjoe
February 6, 2013, 08:16 PM
Well, as others have stated, if both parties are happy...then good for you, it's your property to do with as you see fit.

Having said that, I guess I'm in the minority - I'm not much of a risk-taker and will hang onto my mine.

Elkins45
February 6, 2013, 10:17 PM
I think you did just fine. Most products don't have nearly that kind of profit margin.

I'm still trying to decide if I should sell my Colt. It was bought during the 94-04 ban so it has no lug or threads. Wonder if anybody wants a 'ban' gun? I guess I'd better hurry up and decide---the panic shows signs of slowing down and I don't want to miss the peak of the market :)

Gordon_Freeman
February 6, 2013, 10:43 PM
Dave Ramsey -- one squeeky hillbilly who convinces others to stop using their credit cards. A personality alright. I'll giv ya a Wall St. saying that fits here...

"There's room for bulls, there's room for bears -- there's no room for pigs."

The OP did well and did good.
Dave Ramsey a hillbilly? Is that what you call southerners? At least we don't elect anti-gun dweebs down here in the south y'all.

Zardaia
February 6, 2013, 11:01 PM
You left $900 on the table. I wouldn't call it stupid. It's your money and your choice.
I'd say both. Coulda made more, decided to be nice. As long as you didn't sell it because you really needed the money badly, in which case i'd say get as much as you can, there's no stupidity in making a deal where both parties r happy. Now if god forbid we do end up with an awb, diff story.

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