Wow. Are people REALLY paying these prices for firearms right now?


PDA






ezypikns
February 21, 2013, 05:25 PM
I've visited some internet auction sites today. Prices for even for older hunting rifles and shotguns are insane right now.
Of course, if the hysteria lets off a little, I'm going to assume the prices will become more reasonable.

Right?

If you enjoyed reading about "Wow. Are people REALLY paying these prices for firearms right now?" here in TheHighRoad.org archive, you'll LOVE our community. Come join TheHighRoad.org today for the full version!
bainter1212
February 21, 2013, 05:35 PM
The people buying these guns fit into two criteria:

1) they have way more money than brains or

2) they are running up their credit cards and it will bite them in the end when prices drop (think real estate speculators right before the bubble burst).

Ehtereon11B
February 22, 2013, 04:37 AM
I have only "bought" one firearm since this whole mess started. And it was a trade for stuff I didn't want anymore.

JVaughn
February 22, 2013, 05:02 AM
Yes, they must be, because every show I go to there are AR's in the $2,000.00 + range and people are buying them. They are also loading them with $1 / round .223 ammo.

If it calms down soon, and the bans don't pass, I think we will see a market flooded with slightly used AR's of all makes and models in the $500 range.

daiadvisor
February 22, 2013, 06:25 AM
People who weren't prepared are paying the price now. My prediction is, the bubble will burst, there will be overflow of ARs / related merchandise which will make the prices drop to possible even "Before-this" levels. There's only so much money people will spend on guns before running out, and I believe we're already at that point.

Uncle Richard
February 22, 2013, 06:43 AM
The people buying these guns fit into two criteria:

1) they have way more money than brains or

2) they are running up their credit cards and it will bite them in the end when prices drop (think real estate speculators right before the bubble burst).
All of the above. This nation lives on credit.

mcdonl
February 22, 2013, 06:45 AM
No, prices are coming down. In a moment of madness (Just picked up my Motorcycle Mechanics Bill) I was tempted to sell one of my AR's... the DPMS not the S&W....

I looked at Gunbroker and guns ending in 5 minutes or less (DPMS Oracle, NIB) were selling for $900-$1000 - That is probably 10% over what they would normally sell for.

I decided to just keep it. I missed my big chance to get rich on my $800 gun.

Garmangabis
February 22, 2013, 06:48 AM
I bought an AR pistol for $840 new in 2006, I sold it last week very much used for $2800.

Supply and demand.

Hacker15E
February 22, 2013, 07:19 AM
Still waiting for the 2008 "bubble" to burst when all those never-used, panic-purchased black rifles will hit the market cheap.

Sauer Grapes
February 22, 2013, 08:39 AM
I am trying to buy a specific pistol with no luck. I found one but it was 30% over MSRP. The can choke on the gun as far as I'm concerned. :mad:

I am making a list of all the guys [dealers] that are gouging right now. They will never see a nickle of my money.
Yeah, I know, supply and demand.

avs11054
February 22, 2013, 08:46 AM
The people buying these guns fit into two criteria:

1) they have way more money than brains or

2) they are running up their credit cards and it will bite them in the end when prices drop (think real estate speculators right before the bubble burst).

Um, no. Those aren't the only two categories. From day one of this panic, I've been saying that there will not be another AWB or magazine ban. I did however overpay by about $500 for an AR 10. I'd wanted that gun for a couple of years now. I shopped around until I got the 'deal' that I wanted. I knew that most likely, the gun would take a huge drop in price. It had nothing to do with having more money than brains or racking up CC debt. It had to do with risk/reward. The extra $500 that I overpaid was worth it considering the slim chance that I might never be able to buy the gun again.

Coyote3855
February 22, 2013, 09:33 AM
Still waiting for the 2008 "bubble" to burst when all those never-used, panic-purchased black rifles will hit the market cheap.

What Hacker said. We all have an opinion, but no crystal ball. As more and more states pass legislation restricting magazine capacity and the ownership/transfer of semi-automatic firearms, I expect lots of people to "cling to guns and religion." Anyone waiting for post panic bargains should pack a lunch. My opinion, not a fact, but I don't expect prices to return to pre-panic levels, especially for ammunition. Manufacturers, distributors, and retailers have tested the market and raised the bar.

gym
February 22, 2013, 09:35 AM
A lot depends on what part of the country you are in. Also the dealers are selling for doubble, AK's that were $500 are $1000. Just look at Classic and Century. Then they go on Guntrader for $2000.00 and some knucklehead buys them. So yes they are way up. Even if they come down, I don't think they will go down to what they were until inventory builds up. Very few places even have a selection of guns, and if they do they are getting 20-30% more for them.
It's going to take a year or two for prices and availability to catch up, imo

dirtykid
February 22, 2013, 09:37 AM
Im in the same boat as AVS, I had been thinking about a AR-10 for a few months before SH-Shooting,but didnt move on anything, until about a month ago, the panic had already hit and I ended up paying about $400 more than what I could have before, but was comforted by the fact that IF you can find the specific rifle I bought, it is almost doubled in price !!
The only thing that irked me was a broken water pipe flooded my reloading bench earlier this winter, and destroyed some of my supplies,including small-rifle primers of ALL THINGS...:cuss:
I did manage to pick up a G21 at an amazing price because the guy was desperate to sell it to raise money for the purchase of an AR-15,
But then took it in the shorts,buying extra magazines... :uhoh:
Its just money, and ya cant take it with ya ! :)

VegasAR15
February 22, 2013, 09:48 AM
I think a lot of this stuff people are just trying to capitalize on the hysteria and think people want anything with a trigger. I was trying to buy a single shot 12ga that should be going for around $70, the guy wanted $225, I passed. I have gotten a lot of good deals though since all this began, maybe people trying to sell off stuff to buy black guns.
M1 Garand-$400
Standard Products M1 Carbine-$700
Westinghouse Mosin Nagant-$80
M39 Mosin Nagant-$250
K31-$300
Original P38-$425
P1-$285
K98-Traded for a stripped polymer lower, 6 AR mags and $100
Wingmaster 20ga and Wingmaster 12ga police-traded for pistol gripped shotgun
H&R Topper M48 Shotgun-$60

You can find deals now, you just have to look a little harder. Having some trading material helps too. I have seen AR15s and AKs heading back down a bit too. If you are looking for one of those just wait until all these non-gun people start selling off what they realize they never use.

oneounceload
February 22, 2013, 11:47 AM
The people buying these guns fit into two criteria:

1) they have way more money than brains or


Nope, they just have more money than you.........same type of folks buy $250,000 sports cars knowing they will never drive it at its top speed of 200mph. THEIR view of discretionary income is a lot different than basic middle class folks

BigDaddyNEB
February 22, 2013, 12:42 PM
There's a farm auction coming up in my area, over 50 guns. Can't wait to see the prices get driven up...

Cosmoline
February 22, 2013, 12:49 PM
It's a bizarre phenomenon. I've observed the same thing happening on GB. Meanwhile EBR prices are actually coming down. The only thing I can figure is that the price of ammo and components for the evil semis has started impacting their prices, along with the decrease in the likelihood of an AWB at the federal level. But while this is going on people are having to figure out what they're going to shoot in the summer. And since the 5.56/ 7.62 is prohibitively expensive people are looking to buy firearms that they can feed, or that eat less. Personally, I'm stowing the AR for awhile and doing a lot more 54R and black powder. Enough people making similar switches and suddenly the demand for mil surps and smoke poles goes up. Nothing to do with hording these guns, it's just supply and demand.

All in all, it's something you could write an economics PhD thesis on.

Trent
February 22, 2013, 12:55 PM
I've bought some revolvers since the 'run on guns' started.

No price gouging there. :)

VegasAR15
February 22, 2013, 12:57 PM
Milsurps are definitely selling quick. Aim had in a few different varieties of Mosins in stock this week and they all sold out within a couple hours.

iblong
February 22, 2013, 01:08 PM
My after election buy was more an anger buy than a Panic buy.
I was at my toy store the mornning after the election to buy a AK as an
extra hd.fire arm they were out so I bought a BUSHY carbon 15 AR.
After shooting it,itFunctioned fine but left a lot to be desired no where neer as nice as my DPMS.It was only a little over 600.00 but I was having a bit of buyer remorse,a guy offered me 1100.00 for it 2 wks ago so I sold it.
I felt a bit guilty but I did tell him it was a lower end rifle but he just plain had to have it.So I put the money away untill prices come down to earth.

Black Butte
February 22, 2013, 01:50 PM
This is Obama stimulating the economy -- well part of it anyway.

Sav .250
February 22, 2013, 01:58 PM
Capitalism is riding the roller coaster of panic. For the lack of a better term. Prices may or may not stabilize but that doesn`t mean they will fall back to the pre-panic levels.
Especially if some manufactures stop making AR type weapons.

Rancher5
February 22, 2013, 02:25 PM
Good for you, I think folks should do business with honest folks who are looking for long time customers, Yes these retailers are beyond gouging. They all have more money than I

joeschmoe
February 22, 2013, 02:39 PM
If it calms down soon, and the bans don't pass, I think we will see a market flooded with slightly used AR's of all makes and models in the $500 range.

I don't think we will ever see $500 AR's again any more than we will see $2/gal gasoline. As the value of the dollar keeps falling, leading commodities will retain their true value. It just takes more dollars to buy them.
Some people waited for over 12 years for the housing bubble to burst and prices still didn't return to pre-bubble levels, and that market was artificially rigged to inflate.
Unless the value of the dollar rises significantly it will always take more of these smaller greenbacks to buy the same loaf of bread. AR's are the same, but with a growing market and increased demand. Prices will not return to 2008 levels ever again.

robb01
February 22, 2013, 02:45 PM
Even worse is the ammo prices

happygeek
February 22, 2013, 03:28 PM
I suppose some people are paying that price. What shocks me is that Mitchell's Mausers seems to still be in business with what they're charging. I just bought a Kar98k and a WWII P38, sadly not as cheaply as post #19, but for a good deal less than Mitchell's charges ... espicially on the P38.

http://www.mauser.org/walther-p-38/

Presented here in a Collector’s Presentation Case, the P-38 comes in a French-fitted American Walnut presentation case that is serially numbered with the P-38’s serial number, forever tying them together! The case has a serially numbered Knights Cross that rests below the barrel. The inside is lined with heavy red velvet. The Presentation Grade P-38 is a tribute to engineering excellence, not to the governments that used it.


And for only $3,500 :eek:
At that price it's a tribute to snake oil salesmanship :rolleyes:

I'm still very early in the P38 learning curve, but Classic Arms and J&G Sales both still have P38s in stock for $600. Until they sold out of that year you could get an AC 1941 from Classic Arms for $640. According to sites like P-38.info the pistol has to be something like an ac40 to be worth anywhere near what Mitchell's is charging.

Sheepdog1968
February 22, 2013, 05:03 PM
People who weren't prepared are paying the price now. My prediction is, the bubble will burst, there will be overflow of ARs / related merchandise which will make the prices drop to possible even "Before-this" levels. There's only so much money people will spend on guns before running out, and I believe we're already at that point.
I agree bubble will eventually burst. Having said that, I don't expect to see a flood of used ARs on the market. I suspect many folks will just keep them in their safe, closet, attic, etc just in case they need it in the future. They really don't take up much room and many who are after them right now realize having one is a good idea.

Akita1
February 22, 2013, 05:28 PM
The people buying these guns fit into two criteria:

1) they have way more money than brains or

2) they are running up their credit cards and it will bite them in the end when prices drop (think real estate speculators right before the bubble burst).
People with adequate means can and will spend money on their passions. It has zero to do with brains. Billionaires spend hundreds of millions on yachts, but they remain rather smart and wealthy. You also have no idea how they finance their purchases (cash or credit).

Kramer Krazy
February 22, 2013, 06:30 PM
I've turned this hysteria into a game.

I had four stripped lowers that I bought the Monday after Thanksgiving and have built two of them within the last four weeks at pre-CT prices. I have two complete lower build kits sitting on the couch next to me that came in today at pre-CT prices for the other two lowers. I picked up a Mini-14 about four weeks ago from a LGS that was the exact same price they were asking for it back in November. I had a box of PMAGs arrive last week at $12/mag. Grabbed a 1000 30 Carbine bullets and 500 primed brass at regular pre-CT prices. The only two things I can remember paying a slight premium on were some primers and an AR-15 bolt that I spent about $40 too much.

On the other hand, I have buddies who don't want to wait or hunt for the deals, so they are spending $1800+ for their ARs and $2/round for ammo.

bogon48
February 22, 2013, 08:35 PM
It's the free market at work. We know that there are a lot of panic buyers looking for things they feel are likely to be banned. Demand is through the roof, and they have money. I'm hoping that when the Assault weapon/magazine ban fails, manufacturers will catch up with demand. Prices should theoretically drop, but like some of the other guys here, I think the prices will remain uniformly elevated above those of two years ago. I've been wrong lots of times, though.

mcdonl
February 23, 2013, 06:07 PM
I've bought some revolvers since the 'run on guns' started.

No price gouging there. :)

I agree Trent.... I the past month I have purchased a generation 1 colt detective with some wear (character) for $300 and a NIB Savage Hog Hunter in 338 WIN MAG for 375 OTD at cabelas....

Two nice guns for under $700.... Just have to look around and be willing to buy something not on the "hot list"......


Sent from my iPad using Tapatalk HD

TheDaywalkersDad
February 23, 2013, 07:42 PM
I don't want to go crazy on the political stuff since that's frowned upon here but I think that it's worth making a point or two.
Obama spent a year trying to ram Obamacare through before it passed. Who's to say that this current gun ban legislation will go away in a few weeks? I hope that it does but there's an unfortunate fact that needs stating.
There will be always be another madman committing a massacre. It may be in a month, six months, or next year. Another horrible shooting like Sandy Hook or Tucson and we may see a failed anti gun Bill resurrected.

Someone wrote in an earlier post that we live on credit. I agree. There's a lot of people charging guns and ammo. Who knows how long this will last?

The income tax refund checks will be arriving soon. Will this go towards guns and ammo thus extending the current ammo drought? I hope not.

I agree with the earlier posters that stated that a lot of the buying is local. I would worry more about buying a gun in the more restrictive states than I would in the more freedom loving areas. There's probably more panic buying in NY, CT, NJ, etc than in AZ, NM and Texas right now. Prices are still high and availability is in short supply here in VA. $1,300 Bushmasters are about average at this time. I saw some 50 round boxes of Federal 22lr for $10 yesterday. I'm glad that prices are dropping in some areas but I haven't seen it yet.

I think that this will continue until at least summer unless we get another massacre or a severe economic downturn. If either of those two things happen then this could become the new norm for a while.

If you enjoyed reading about "Wow. Are people REALLY paying these prices for firearms right now?" here in TheHighRoad.org archive, you'll LOVE our community. Come join TheHighRoad.org today for the full version!