H&K P7 prices

Status
Not open for further replies.
G

Gary W. Strange

Member
Joined
Jan 1, 2018
Messages
384
Last night I was just messing around, looking on some of the firearms auction sights. I decided to look at H&K P7s. It has been awhile since I checked prices on them. I was shocked at what they are going for now. I couldn’t believe it. About 10-12 years ago, I was in a Gander Mountain store and they were selling some H&K P7s, that were police sell offs. They were priced at $599.95. I bought one. I looked through what they had and picked, what I thought was the nicest one. They were all pretty much the same. I picked one with a 4 digit serial number. Now, I wish I had bought all I could afford. One in just average condition is selling for $1200.00 low end. Most that were in good condition had bids on them. Ones priced through the roof didn’t. It just surprised me what they were selling for. I posted some pictures of the one I bought below. I have the box, papers and tools put away.

9E49A94C-2196-499E-AA74-BF11A50BB803.jpeg DFE6D99B-BFC1-442C-BCD1-ECAFC2A7BB91.jpeg
 
Yes sir. I bought mine in 2009 for around $600 with 6 magazines which was an awesome deal at the time because PSP mags were around $60 each then.

Had a lot of fun with it but ended up selling it and a few others to fund a move. Think I got around $800 for the package a year later. I have been keeping tabs on their steady progression upwards but it hasn’t been fast enough for me to regret selling it.

Wonderful shooter but I am glad not to own a collectors item.
 
Nice P7 you have there.

It’s definitely an early model since it has no heat shield on the trigger guard. Not that the shield really helps THAT much.

Yeah, it seems that historically once a good gun design isn’t made anymore the prices get out of hand, e.g., Auto Mag, Bren Ten, Detonics, Wildey, Pythons, Diamond Backs, Anacondas, .......

I didn’t get hurt too bad on my P7M8, but boy did I pay through the nose for my P7M13 that I bought during the AWB of the Clinton regime.

I sure don’t see the price ever coming down on P7’s, but we can always dream
 
The ones in 2008-2009 were P7 PSPs that were surplus imported by HK in Columbus, GA. They were the last of the surplus PSP to come into the country via HK. The first round came with a Trussville, AL import stamp.They did not have the heat shield and were graded by internal wear from A-C. They sold at that time for $500 to $700. These days grade B-C guns go for around $1200 these days. A Grade A with box manual and other items can go as high as $2000 on auction sites like GB. I saw an unfired P7 M8 sell today in less than an hour for $2750 shipped.

Your was made in 1982 DE IIRC. The looks to be in good condition. They have steadily moved up over the years. Like most collectibles there seems to be a COVID-19 spike with people being trapped at home and tied to the internet for work that is causing prices to spike. Here is my earlier Trussville, AL.

mBKzMsC.jpg
 
A mid1990s p7m8 is “going for” nearly $3k on Armslist locally. I was going to wait a few weeks and then offer a more reasonable price. I’d pay $1200 for one right now.
 
It was very fortunate that you P7 owners were already >> into << handguns when prices were Sane.

Such a unique piece of engineering.

WVsig: excellent point about people at home more and on the internet.
How about adding them to the retired people, despite so many of us being active and outside quite often!
 
Magazines don't seem to be as outrageous as they were when I first brought mine in the country.

Just looking in case the Jacksonville LEOs call to say they have recovered mine after a mere 25 years... or the new kid at the local Pawn& gun fails to do his research.

-kBob
 
Love both of mine; one with the plastic box and tools and one with a cardboard box (4 digit number) and no accessories; both PSP models. Being LH, having a completely ambidextrous gun is nice; having two is even better........:thumbup:
 
WVsig said:
The ones in 2008-2009 were P7 PSPs that were surplus imported by HK in Columbus, GA. They were the last of the surplus PSP to come into the country via HK. The first round came with a Trussville, AL import stamp.They did not have the heat shield and were graded by internal wear from A-C. They sold at that time for $500 to $700. These days grade B-C guns go for around $1200 these days. A Grade A with box manual and other items can go as high as $2000 on auction sites like GB. I saw an unfired P7 M8 sell today in less than an hour for $


Your was made in 1982 DE IIRC. The looks to be in good condition. They have steadily moved up over the years. Like most collectibles there seems to be a COVID-19 spike with people being trapped at home and tied to the internet for work that is causing prices to spike. Here is my earlier Trussville, AL.

View attachment 924031
Click to expand...
WVsig said:
The ones in 2008-2009 were P7 PSPs that were surplus imported by HK in Columbus, GA. They were the last of the surplus PSP to come into the country via HK. The first round came with a Trussville, AL import stamp.They did not have the heat shield and were graded by internal wear from A-C. They sold at that time for $500 to $700. These days grade B-C guns go for around $1200 these days. A Grade A with box manual and other items can go as high as $2000 on auction sites like GB. I saw an unfired P7 M8 sell today in less than an hour for $2750 shipped.

Your was made in 1982 DE IIRC. The looks to be in good condition. They have steadily moved up over the years. Like most collectibles there seems to be a COVID-19 spike with people being trapped at home and tied to the internet for work that is causing prices to spike. Here is my earlier Trussville, AL.

View attachment 924031
Click to expand...
That’s about when I bought mine. It was a B grade gun. It looked to be in better condition, than others they had at the time. The one I bought was on display. They brought five or six from the back for me to choose from. The display looked the best of the lot, to me. They had just went on the shelf, that day, so it hadn’t been pawed on. It had a low serial number and the finish was nice. I wish now I had bought them all. They were all $1200 guns, now. It just amazing how much some firearms have gone up in value over the years. I look back and think they were cheap back then, but also think back, that it was still a lot of money for me then. When a Python was around $500-$600, I was just out of college, married and had a kid. Think I was bringing home, maybe $1500 a month, with a wife, kid, car payment and house payment, money was pretty tight.
 
I mentiond elsewhere that I shot hard cast LRN reloads in mine without issue one the range or target.

Well after about three years of that I had my first ever malfunction. Slide did not go far enough back to pick up a new round.

In 1982 the cylinder scrapper was not part of the kit and in 1986 , who knew? I figured it out and used a small flat head screw driver of poor quality to scrape out the bottom on the cylinder and then used an old Lead Off Cloth (do they still make those chemical horrors?) on a tight fitting slotted stick to clean up the sides of the cylinder and that and a Chore Boy pad on the piston. I then went to cheap FMJ bullets on my reloads, though occasionally shot lead when I was out of FMJ and just added cylinder scrapping to the cleaning. Not another issue until someone decided they wanted it more than my wife in about 1994.

-kBob
 
Well, if it was $850 in 2003, it would be $1200 today just by inflation according to the BLS CPI. Inflation doesn't account for all the price increase being noted for P7's. The P7 was a breakthrough design that is sought after by collectors and they've been discontinued for some time now and so supply is limited. Still, I wonder what a graph of the value of a basket of common firearms according to Gun Digest would look like over the last 20, 30, 50 years versus CPI or the core PCE index.
 
labnoti said:
Well, if it was $850 in 2003, it would be $1200 today just by inflation according to the BLS CPI. Inflation doesn't account for all the price increase being noted for P7's. The P7 was a breakthrough design that is sought after by collectors and they've been discontinued for some time now and so supply is limited. Still, I wonder what a graph of the value of a basket of common firearms according to Gun Digest would look like over the last 20, 30, 50 years versus CPI or the core PCE index.
Click to expand...

Your avg gun rarely beats inflation let alone make you money. Some will out pace inflation but the vast majority will not. Even Colt Pythons and P7s are bad investments. Compare it to the easiest most basic form of investing in stock a S&P 500 mutual fund. In that mutual fund you would have made 341% with dividend reinvestment which = $2898.534. This is why in general guns are a bad investment. IMHO but they are more fun to own than mutual funds.
 
I bought a P7 M8 with 4 mags and a bianchi holster for $400 in 1992. I stupidly traded it off a few years later.
 
WVsig said:
Your avg gun rarely beats inflation let alone make you money. Some will out pace inflation but the vast majority will not. Even Colt Pythons and P7s are bad investments. Compare it to the easiest most basic form of investing in stock a S&P 500 mutual fund. In that mutual fund you would have made 341% with dividend reinvestment which = $2898.534. This is why in general guns are a bad investment. IMHO but they are more fun to own than mutual funds.
Click to expand...


What your saying is certainly true of practically every firearm that isn't some kind of rare art item. It's true because of depreciation. We can see that Weatherbychance paid $1100 for his new P7 in the late 80's. If it was 1989, it would have to sell for $2329 today just to hold its value even. So you're right that buying a new P7 would have been a bad investment, at least for trading purposes. But buying a depreciated P7 for $600 would not have been too bad. That's why I want to see the value of used guns (Gun Digest values) over time. It's true that the 100% return (based on the account in the OP) doesn't beat the S&P over the last 10 or 12 years which I have as 202% and 143% (and that's without an index funds fees). My main point was that whether it's a firearm or a mutual fund, we shouldn't get too excited about prices doubling over the long term because general inflation alone will do that.
 
labnoti said:
What your saying is certainly true of practically every firearm that isn't some kind of rare art item. It's true because of depreciation. We can see that Weatherbychance paid $1100 for his new P7 in the late 80's. If it was 1989, it would have to sell for $2329 today just to hold its value even. So you're right that buying a new P7 would have been a bad investment, at least for trading purposes. But buying a depreciated P7 for $600 would not have been too bad. That's why I want to see the value of used guns (Gun Digest values) over time. It's true that the 100% return (based on the account in the OP) doesn't beat the S&P over the last 10 or 12 years which I have as 202% and 143% (and that's without an index funds fees). My main point was that whether it's a firearm or a mutual fund, we shouldn't get too excited about prices doubling over the long term because general inflation alone will do that.
Click to expand...

The problem with the Gun Digest or the Blue Book is that they are not really reflective of the market. Today GB and forums are a more accurate way to gauge the market. Compare what the Blue Book says a T series BHP is worth vs what they are getting on GB. GB is the actual free market. Blue book of guns is an outdate relic that dealers used to use to screw people out of money. IMHO
 
guyfromohio said:
I was going to wait a few weeks and then offer a more reasonable price. I’d pay $1200 for one right now.
Click to expand...
They're not going to go down much. $3500-$4000 is the upper end for Jubilee or "Last 500" models in LNIB condition. Ones in nice condition usually go for around $3000. Non-refinished, used P7M8 will commonly sell quickly for $2500

If I were selling and the buyer wanted to haggle on price, the obvious alternative route to pursue would to be stay firm on the price of "extra mags"...they add up really fast
 
Classics will increase in price as long as they keep shelling out mediocrity.
 
WVsig said:
GB is the actual free market. Blue book of guns is an outdate relic that dealers used to use to screw people out of money. IMHO
Click to expand...

Don't believe the "book" takes into account the niche markets where pre/post ban exist. Whats worthless to me in TX could be worth a fortune in a ban state.. (not specifically talking about your T series example)
 
Status
Not open for further replies.

Similar threads

Float Pilot
  • Locked
H&K P7s, What's the deal with grade A and B
Replies
18
Views
1K
9mmepiphany
9mmepiphany
F
  • Locked
Need a quick P7 education
Replies
6
Views
574
BlkHawk73
B
F
  • Locked
H&k P7
Replies
11
Views
2K
CWL
C
D
  • Locked
Thoughts on an H&K USP40c ??
Replies
13
Views
760
JustinJ
J
V
  • Locked
Need some advice on the H&K P7 Line up
Replies
22
Views
843
9mmepiphany
9mmepiphany
Back
Top