Just watched the auction close.


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SaxonPig
February 22, 2013, 12:22 AM
Federal 22 LR ammo sold for $92 per brick of 500 rounds. With shipping nearly a C note each.

A gun store employee told me their wholesale cost on 22 ammo has not gone up so it appears the retailers are reaping HUGE profits from the panic buying.

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Grunt
February 22, 2013, 01:00 AM
Well, the retailer isn't gouging, it's just stupid buyers bidding.

David E
February 22, 2013, 01:07 AM
.
A gun store employee told me their wholesale cost on 22 ammo has not gone up....

The OWNER, not some po-dunk employee, of my LGS told me their prices HAVE gone up. Distributors cancelled existing orders and raised their prices.

thefish
February 22, 2013, 01:43 AM
I really don't understand all this "price gouging" and why people are getting bent out of shape about what other people do with their money.

If someone wants to spend $100 bucks on .22 ammo, and have it now, so what? If I could find 9mm and it was 20% more than what I last paid, I wouldn't have a problem paying that, becaus ethat's the value I put on it.

It dosen't make them stupid, or ripped off. They chose a value for what it's worth to them to have a product in scarce supply.

It's simple supply and demand.

I could buy a $5 steak at the grocery store. I choose to buy a $20 one. It's worth an extra $15 bucks to me to get something that tastes better.

I have a Shield 40. I'm going to sell it, probably list it for $800 because that's what the going rate is.

Am I gouging someone if they decide it's worth it to them to pay that, I think not. Because it's worth it to me to keep it for anything less. I don't have to sell it, and no one has to buy it.

And everyone assumes retailers are "reaping huge profits". Possibly not. Although the price they are charging may be high, their volume may be consideribly lower.

Take AR's for example. Everyone thinks the price is "outragous" right now. Gunstore used to sell them at 10% over cost. Sold 20 a week.
Gunstore now because of short supply is selling them at 50% over cost. Sells 1 every 2 months. I think gunstores are doing what they have to do to stay in business with their pricing.

We shouldn't be complaining about the higher prices. We should be gladly paying what it's worth to YOU to get a item you WANT. Guns and ammo are not a necessity for the majority of the general population. 2A or not, they are a luxury item, with the exception of those that need them to make a living and hopefully they still get a discount).

Free market economy 101 people.

bill3424
February 22, 2013, 01:45 AM
I hear 'ya. I don't have the energy to even care what people do with their money. More power to you. Do whatever makes you happy.

SaxonPig
February 22, 2013, 09:26 AM
Grunt- Seller started it at $600 so he was trying to gouge... just did better than he hoped.

To those who seem bored with the whole topic, please ignore the threads about ammo pricing. That seems better than posting complaints about how you are bored and disinterested in the topic.

Hapworth
February 22, 2013, 09:34 AM
From a variety of knowledgeable sources, I'm hearing that the distributors -- neither manufacturers nor dealers and retailers -- are the ones pumping prices up.

Don't have first hand knowledge of this -- would love a reply from an actual distributor -- but this is what I'm consistently encountering.

Queen_of_Thunder
February 22, 2013, 10:51 AM
The OWNER, not some po-dunk employee, of my LGS told me their prices HAVE gone up. Distributors cancelled existing orders and raised their prices.
Thats what I'm hearing from the shop owners I know. My observation is the big chains are the ones getting ammo and thats only partial orders but mom and pop shops are getting scraps if they are getting any ammo at all.

sleepyone
February 22, 2013, 02:02 PM
To those who seem bored with the whole topic, please ignore the threads about ammo pricing.


Amen to that, Brother!

“For we hear that some among you walk in idleness, not busy at work, but busybodies. Now such persons we command and encourage in the Lord Jesus Christ to do their work quietly and to earn their own living” 2 Thessalonians 2-3

sleepyone
February 22, 2013, 02:16 PM
It would be sweet if the Mods could condense the current plethora of threads whining about ammo shortages and supposed price gouging into one gigantic thread or create a dedicated topic board.

We all get it. Ammo is hard to find and, when you do find it, many times it is more expensive than before the Newtown shooting and people are going to sell it for as much as they can. I just don't see all this pissing and moaning about it as High Road at all. I do like when someone creates a post about ammo avialability for certain locales or Web vendors. That is productive and helpful, but all this bitching about hoarding, shortages and gouging does nothing but expose people's greed and covetness.

joeschmoe
February 22, 2013, 02:23 PM
This thread needs pics of people's personal stashes of ammo, with approx value at current prices. That might help put this into prespective.

sleepyone
February 22, 2013, 02:37 PM
This thread needs pics of people's personal stashes of ammo, with approx value at current prices. That might help put this into prespective.

joeschmoe, I don't mean to sound arguementative, but how would me posting a pic of all my ammo with the current TMV put it in perspective? I'm asking in all seriousness. Many people have been sitting on a huge stash for years and have not been involved in this latest panic. Personally, I don't see anything good coming from me putting a picture of all my ammo for the world to see. It is nobody's business how much ammo I own, and it will simply spin up the people who got caught with their pants down and start the hating in full force.

I AM curious to see how much ammo has been sold in the private sector in the U.S. since this panic began. I'm sure it has been a huge boost to some retailers who otherwise may not have had a good Christmas season. That is always a good thing for the country.

nazshooter
February 22, 2013, 02:48 PM
A gun store employee told me their wholesale cost on 22 ammo has not gone up so it appears the retailers are reaping HUGE profits from the panic buying.

If the manufacturers aren't raising their prices than that's part of the problem. There's nothing wrong with using the price system to send the available ammo to those places that need it the most (as evidenced by their willingness to pay for it). Maybe with higher prices the manufacturers could bid some of the raw component materials away from other industries where they are less needed. Maybe they could afford to hire more workers or buy more equipment.

Sent from my ADR6425LVW using Tapatalk 2

Flopsweat
February 22, 2013, 02:51 PM
This thread needs pics of people's personal stashes of ammo, with approx value at current prices. That might help put this into prespective.
I had the worst time digging out the basement and pouring all of that new concrete, but it was worth the effort.

http://i233.photobucket.com/albums/ee311/WornGuy/Ammo.jpg

;)

sleepyone
February 22, 2013, 03:16 PM
YOU are the problem! :neener:

joeschmoe
February 22, 2013, 03:52 PM
joeschmoe, I don't mean to sound arguementative, but how would me posting a pic of all my ammo with the current TMV put it in perspective? I'm asking in all seriousness. Many people have been sitting on a huge stash for years and have not been involved in this latest panic. Personally, I don't see anything good coming from me putting a picture of all my ammo for the world to see. It is nobody's business how much ammo I own, and it will simply spin up the people who got caught with their pants down and start the hating in full force.

I AM curious to see how much ammo has been sold in the private sector in the U.S. since this panic began. I'm sure it has been a huge boost to some retailers who otherwise may not have had a good Christmas season. That is always a good thing for the country.
Because by using the current math we are all sitting on trillions of dollars worth of ammo. IMO, it shows the absurd imbalance. Either we all made better investment pics than if we had bought (and held) IPO Apple stocks, or the value of the current market is unsupportable and a "correction" must be comming soon.

In other words, it might help to dissuade some from panic buying hundreds of dollars worth of .22lr if they can wait another 2-3 months for the market to begin to stabalize. There is an irrational fear that all guns and ammo are about to be banned so you better get what you can now, because they're will be no more ever again. That's just silly.

How many of these people believe that Obama is about to ban everything through Executive Orders? Exactly the same number that don't understand the President can't do that.

readyeddy
February 22, 2013, 05:11 PM
I see an auction closing in one minute with current bid at $605 for 5,000 rounds of standard velocity CCI 22 LR.

il.bill
February 22, 2013, 05:36 PM
This thread needs pics of people's personal stashes of ammo, with approx value at current prices. That might help put this into prespective.

Photo of the basement http://www.costaricantimes.com/wp-content/uploads/2013/01/DHS-Ammo-Stockpile-460x270.jpg
I am not sure of the current market value of this stash - still looking for some more .22LR at a good price.

sleepyone
February 22, 2013, 07:06 PM
Because by using the current math we are all sitting on trillions of dollars worth of ammo. IMO, it shows the absurd imbalance. Either we all made better investment pics than if we had bought (and held) IPO Apple stocks, or the value of the current market is unsupportable and a "correction" must be comming soon.

In other words, it might help to dissuade some from panic buying hundreds of dollars worth of .22lr if they can wait another 2-3 months for the market to begin to stabalize. There is an irrational fear that all guns and ammo are about to be banned so you better get what you can now, because they're will be no more ever again. That's just silly.

How many of these people believe that Obama is about to ban everything through Executive Orders? Exactly the same number that don't understand the President can't do that.

I guess I'm not putting NEAR as much thought into it as your are. I'm not too concerned with what other people do with their money. They can invest it in Apple stock if they want, or they can buy ammo. It's none of my business. Nobody knows that the market will stabilize in 2-3 months as you seem to think it will. It could take 2-3 years. People who say they know what will happen are fools, and the people who listen to them are bigger fools. What if supply and prices don't stabilize? What if laws are passed outlawing certain types of ammo, or it is taxed into oblivion? Then the people who stocked up on ammo will look pretty wise and the people who stocked up on Apple stock might wish they had bought ammo instead. I don't know. All this bloviating about what people are doing with their money is ringing very hollow. Are you really concerned that people have made bad investment decisions and have overpaid for ammo, or are you just mad that they bought all the ammo before you could get to it? That is kind of how it sounds.

Really, who cares if the country is sitting on trillions of dollars of ammo? How is that an imbalance? Is it an imbalance because some people have more than others? Do you really think it is irrational to have a fear that guns and ammo are about to be banned? While not all guns and ammo are about to be banned, there is a huge push in this country to ban anything they can. If we sit there and say nothing will happen because the Republicans have the House, we are playing right into their hands. What the Left can't achieve through the Democratic process, they have been very successful in achieving through the Judicial process. We should know that by now. Anyway, I'm exhausted from all this complaining about people buying too much ammo, hoarding ammo or paying too much for ammo. For 23 years, I've listened to my wife's family complain about other people having too much, not paying their fair share, the rich getting richer and the poor getting poorer. This is EXACTLY how it comes across when someone make posts about ammo hoarders, price gougers, and imbalances in the system because some people own more of something than others. You could replace the word ammo with, land, gold, houses, stocks, cars........

FROGO207
February 23, 2013, 09:51 AM
FWIW for those of us that had the funds and saw that this COULD happen AND purchased what they could at an earlier time this is a non issue or at most a minor inconvenience. I feel for those that did not have the foresight or the new firearms purchaser that is scraping the bottom of the barrel for a few rounds to practice with. Yes this too will pass and hopefully more of us will learn from this episode. Venting is a feel good thing but not really productive. I also am helping some of my fellow shooters obtain some ammo (surplus from my stash) in limited amounts for use until a steady supply returns. I caution them to shoot a small amount if they need to and save the rest as this will be a one time thing. I want to help the new owners however I am not willing to cut myself off from use just to allow someone else to shoot up hundreds of rounds I had sense to put away for short times like these. They can shoot all they they can purchase at a later date if they wish. Sometimes common sense is surely lacking there and they come back for another few boxes even after my warning, having shot it all up. They usually say "I see you have plenty more and I could use some.:scrutiny: I reply I am not a store.:banghead: YMMV

JohnBT
February 23, 2013, 10:19 AM
"This thread needs pics of people's personal stashes of ammo, with approx value at current prices."

"I reply I am not a store" - That's right.

Sorry, my phone still doesn't have a camera. But I have ammo. :) Priorities.

As to value, I just don't know because I bought most of it 5 to 10 years (15?) ago thinking I was going to retire soon. I retired last year.

Do you figure a brick of Wolf Match Target is worth more than the $15 I paid for it? :) How about the brick of Wolf Match Extra I bought for $18? I still have more than a case of each. Then there's the accumulation of single boxes, partial boxes and target ammo for ammo testing new guns.

And Christmas presents. I found 2 bulk boxes of Dynapoints and two bricks of Wildcats. And some Stingers.

Can you tell I've loved .22s since I was a kid in the '50s.

I wonder, is a $15 box/50 of top shelf Lapua or Eley or old Gold Medal Match now worth $100? That would be scary.

I was doing a little inventory rearranging yesterday and packing for an out of town range trip tomorrow and couldn't help but look at the old price tags. Those were the days. Federal Gold Match .38 Sp. wadcutters for $8.50/box; $8/box .45 ACP ball. Three cases of RUAG/Geco Swiss-made 9mm FMJ for $200/ea.

The Geco 9mm was only recent purchase I ran across and that was from the fall of 2011, so don't blame any of the ammo shortage on me, I didn't do it.

John

mrvco
February 23, 2013, 10:40 AM
Paying these prices isn't unreasonable, the zombie-squirrel attack is imminent.

472x1A/B
February 23, 2013, 10:59 AM
Boy I really love my wife. When thoes surplus 20mm, .50cal., and .30cal ammo cans were as low as a $1.00- $1.50 apiece and .22's were $.79-$.89 a box (50rds) (regular price) fore though WAS SWEET. Plan ahead!!!

22-rimfire
February 23, 2013, 11:28 AM
I enjoy the threads about the high prices simply because the prices paid for regular promotional grade 22LR is borders on ridiculous. But I have a good enough supply and I can stay on the sidelines and watch. At normal shooting rates for me, I have a 5-year + supply. I am not however supplying any scout troops with ammo to plink with.

If you enjoyed reading about "Just watched the auction close." here in TheHighRoad.org archive, you'll LOVE our community. Come join TheHighRoad.org today for the full version!