Determining Value of Used Guns

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OneIsNone

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Hello, All.

When determining how much a used gun is worth, do you decrease value if the gun is older? If you were looking at two identical models in exactly the same condition, would a two-year-old model be worth the same amount, worth more, or worth less than a ten-year-old version?

For example, would a Ruger P90 or Redhawk's value be affected by its age if it were essentially LNIB?

Thanks
 
I'd probably pay MORE for the older gun in equal condition, given most makers' track records of cheapening their products over time.
Not much more for something as common as a Ruger, but a little more.
 
For something like I Ruger, it would not decrease nor increase the value because of age. I would say its all based on condition.

That excludes limited editions, models, or features that were added/removed in limited quantities.

I personally am more worried of a gun for sale that is only a month old. To me that is a red flag becasue even though they may just be hard up for cash, I will be much more careful because it may be a dud, a bad shooter, abused, or stolden.

But then you could get lucky like that. I know someone that buys a gun an sells it because it was just the flavor of the month and they moved on to whatever else caught his eye. (my best friends does this 3 or 4 times a year...at least) :D

I also buy it based on how the seller presents himself.
 
This one is hard.
Gun values vary all over the U.S.
The "Blue Book" is a good starting place but not the absolute authority.
Looking at listing for the EXACT same gum on the auction sites is probably the best way.
There is no precise way to value a gun. And after you sell it there are guys that will tell you they would have given you way more than you sold it /bougth it for.

AFS
 
Thanks for the replies so far. The reason I asked the original question is sometimes an FFL or gun shop will have two identical used models for sale, this time LNIB, the only difference is one is older. I would imagine they were obtained through an estate sale or something similar.

When it comes to non-collectables items, for instance common automobiles, bicycles, books or clothes, these items devalue and often become less desirable simply because of their age, even if they have been put into storage.

So, when evaluating the desirability of a current production firearm(s), would you even bother to look at the serial number(s) to get an idea of how old it is?

So, the new question is not "How much is a given gun worth?," but "Which LNIB is preferable, the newer or the older?"
 
I will usually give a much higher value to a handgun if I am able to buy it Face To Face instead of having to go through a dealer. Not because i'm worried about be tracked by the government, but because i don't have to pay sales tax(8.1%).

Worth is really controlled by supply and demand, to some older NIB or LNIB are worth more because the supply for such guns is small.

Locally my supply(gun dealers) is small, so their prices are high. Therefore, I will search out lightly used guns and end up paying what in some areas are new gun prices.

Steve
 
Well a lot of companies are adding internal safety locks on firearms now. It will be interesting to see how this plays out over the years for value. I would take a older sans-internal lock over a newer one with the lock...but how much would I be willing to pay so get that older pistol or revolver? As of now, not a whole lot. But as time goes buy we'll have to see, its nots like there is a shortage of available weapons without the lock.
 
OneIsNone Sounds like you're getting two kinds of answers. One is "I'd pay more if..." and the other is "look it up in..." I kinda do both but I may start by thinking about just what gun I'm interested in and checking sites like:

http://www.budsgunshop.com/catalog/index.php
http://www.gunsamerica.com
http://www.gunbroker.com/
http://www.thegunsource.com/shopping_category.aspx?idcategory=2
http://hkpro.websolv.com/ubbthreads/postlist.php?Cat=&Board=UBB1
http://www.impactguns.com/store/
http://www.jgsales.com/
http://ktpguns.com/scripts/search.cfm
http://forum.m1911.org/forumdisplay.php?s=&daysprune=-1&f=65
http://mactec-militaryarms.com/
http://www.sarcoinc.com/guns.html
http://smith-wessonforum.com/groupee/forums/a/frm/f/511103904
http://www.shotgunnews.com/
http://www.ordnanceoutsellers.com/index.htm

Build a spreadsheet for the pricing, The online Bluebook of Gun Values is also a good place to start, as posted above by tech4061. It helps to think of the Bluebook as a guide to wholesale pricing because many dealers use it only to evaluate your trade-in which they will find matches one of the lower rated conditions. Their price to you, on the other hand, is likely to be 25% or more higher than the highest (100% value or New in Box value) in the bluebook.

Bud's gun shop is a good place to see what a low retail price might be (and forum posts have had mostly good things said about buying from them), if you're so inclined.

So from MSRP to low retail for NIB, then to your spreadsheets should give you a pretty solid idea of pricing for any particular model. A refined pricing sense for rarities is more likely to come with reading posts on this forum and other lesser, maybe, but comparable forums, and, hopefully, also from your own experience.
 
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Once again the devil is in the details.

The short answer is - NO - the age alone of identical models does not effect the value significantly (if at all).

What will effect the value is if there was a period of time for that particular model when they were made with better quality, or with a desirable design feature. For examples :

A pre 1964 Winchester Model 94 is worth more than a post 1964 because of the manufacturing changes made.

Perhaps a particular model was made with a 3 inch barrel for a couple years only and can no longer be had in that barrel length .

Perhaps there is a model that has a hammer lock on the side vs one without.
 
Like others, my starting point is the most recent Blue Book of Gun Values. It is published annually and is probably the best overall benchmark reference on used gun values.

At few points first and then the hard part. It is a know your market thing. Prices vary with location and sometimes the time of the year. West Coast prices tend to be higher than East Coast. At this time of the year, people are thinking about hunting and as a result shotguns and "deer rifles" are selling. Black powder guns are more expensive this time of the year. You will likely pay slightly more for a sporting gun this time of the year. The same firearm will be less desireable for sporting uses come January/February. With new guns, dealers are going to increase their stock prior to the fall hunting season and christmas buying period, so you may find things are more available this time of the year as well.

The things that affect price are: Condition, Rarity, Perceived Rarity, Availability, Popularity, Quality, Age, Caliber, Manufacturer, and Geographic Location. For the novice collector or gun buyer, that is a considerable list. You just have to try to be smart, do your home work, and plunge into the foray. Bargains are where you find them. A good price to a collector may be an astronomical price for a shooter.
 
If you were looking at two identical models in exactly the same condition, would a two-year-old model be worth the same amount, worth more, or worth less than a ten-year-old version?
My take.........Age is not everything in evaluating a firearm's value, but condition is. No two firearms will ever be in exactly the same condition.

The difference between two and ten years of age will not matter assuming there were no engineering changes or changes in production techniques. The condition will matter, however. If the condition of two like guns appears to be the same, then you need to spend more time handling and evaluating firearms. Learn the wear patterns on specific models, and how they develop through use. They will tell the story, even on NIB appearing guns.

That being said, there are sometimes variations that can only be determined through serial numbers, such as different heat treatments. You will see these on pre-war S&W revolvers.

Then there are other considerations..... I was recently comparing two nickel Colt Commanders at a gun show. One was priced at $629 and was essentially an original gun. The other was $675 and had the sights replaced, the ejection port flared, and the chamber throated. I tore down both guns, and I determined that they had similar round counts and the wear was essentially the same, although the unaltered gun had marks showing the barrel feet were striking the frame. The serial numbers, while not consecutive, were close enough together that it indicated the original owner had bought both at the same time. I could neither justify nor afford to buy both guns.

Most people would say the altered Commander should have been priced lower. Afterall, it was no longer original. The seller had set the prices though, and would only budge 10% to ease the taxes. I decided to buy/trade for the higher priced, altered Commander because I know myself. I would be altering this pistol. Having improved sights and a throated chamber was valuable to me. I validated the seller's price by buying the pistol. A strict collector would call me nuts. I figure I would leave the unaltered Colt for the strict collector.

Remember.......The Blue Book and others resources like it are only guides. They are at best two year old after action reports on sales, not absolutes. Prices are set by those making the deal. The seller always sets prices. The buyer always validates prices. The price guides only report this activity two years later when the data has been collected, categorized and published.
 
It's been said that the three most important things in evaluating an old firearm are: condition, condition, and condition.

Subtilties of interest to collectors within a given marque or model and its relative rarity aside, I'd say that's about spot-on.

IMHO, it's always good to bear in mind that "value" is an extremely relative and highly subjective term. It's been my experience that nothing is really worth more than the amount you can find someone willing to pay for it on any given day. The "Blue Books" can give you an idea of what a "reasonable" figure to ask may be based upon what similar items have brought somewhere but, unless you can find someone willing to pay that for yours, it's not what it's really "worth".
 
Its is very hard to answer, as each firearm must be judged on its own
merits. Given equal condition, I'd probably pay more for an older Smith or
Colt, than I would for a Ruger center-fire auto or double-action wheel gun.
But, that is just me as I feel that Ruger hasn't gotten the reputation that
Smith of Colt has over the year's~!:uhoh: :D
 
Depends on the gun and pricing is an art and science it seems. Blue book helps but regional differences and demands count for a lot sometimes. 2 examples. S&W revolvers, here older is generally better, pre internal lock guns are more desireable as well as those made before 1982 that are pinned barrel and recessed chambers on magnums. Also more desireable are 4 and 5 screw guns discontinued by early 1960's as well as guns with 'diamond" grips, generally gone by late 1960's.

Ruger MKII pistols while newer than MKI's I find more desireable due to design improvements such as last shot hold open and 10 shot mag but I find the newer still MKIII"s' less desireable due to integral lock and loaded chamber indicator that was actually defective in early models and caused unintentional discharges!
 
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