What should a no dash S&W 586 Nickel 6 inch be selling for???No-dash Smith & Wesson 586/686 revolver
Just curious.
What should a no dash S&W 586 Nickel 6 inch be selling for???No-dash Smith & Wesson 586/686 revolver
I don't watch the nickle guns very closely and didn't have any idea about how they're selling, so your post made me curious. A quick look on closed GB auctions indicate they can range a good bit. Here's an apparently super-nice one with box and all. It brought about $1700 when someone snatched it up at the BIN price, so this might not be a real test of what it would have brought if the bidding had gone on. Looks like two guys ran it from 1000 to $1600, then the 3rd guy clicked BIN.What should a no dash S&W 586 Nickel 6 inch be selling for???
Just curious.
So if a gun is listed in an LGS for $500 and it doesn't sell, then it gets listed on Gunbroker and sells for $1000,
What is the value of the gun?
Its a fair question, since we are talking about value as a set number or fairly small range....but I see that all the time, and I capitalize on it all the time.If a tree falls in the woods and there is no one there to hear it, does it make a sound?
So if a gun is listed in an LGS for $500 and it doesn't sell, then it gets listed on Gunbroker and sells for $1000,
What is the value of the gun?
His price has stayed the same. The free market possibly does set the price. There is a lot of lookers, but no one is buying.
People could fund their retirements with what they spend at coffee shops. Or, for that matter, at ammo shops.I think the cost of most guns is reasonable and has been so over years except than shortages happen like during Covid. I recently bought. Ruger Security 380 with an extra 15 round magazine. Cost me $375, and will last for decades. On the other hand I bought a 12 ounce cup if coffee at Dunkin Donuts, and it cost $139. It lasts for about an hour. If I do that every day of the year it comes out to $507 a year or $5,070 a decade. I like my pistol. I’ll give up the coffee.
Its a fair question, since we are talking about value as a set number or fairly small range....but I see that all the time, and I capitalize on it all the time.
Take the pre-war Winchester 94 I just bought for $700 at a LGS. If its worth "whatever I paid for it" because the LGS doesn't know how to price guns, is it worth the $700 I paid for it, or the $1200 +/- I could get at an online auction for it?
So if a gun is listed in an LGS for $500 and it doesn't sell, then it gets listed on Gunbroker and sells for $1000,
What is the value of the gun?
So if a gun is listed in an LGS for $500 and it doesn't sell, then it gets listed on Gunbroker and sells for $1000,
What is the value of the gun?
I'm sure the LGS knows how to buy and sell firearms. If they didn't they wouldn't stay in business very long.
The LGS sold the gun for what they needed to sell it for to realize the profit they needed. It was fair market value at the time and place where it was sold. I'm sure the LGS dealer knows about selling online.
There's a lot of overhead (expense) for people selling online. The LGS's over-the-counter price will be less because of that. Time is money.
The 4Ps of marketing- product, price, place, promotion. Place is important. That gun might not have demand in one area, but there might be someplace in the country where it is more valuable.
Or it's promoted to more people. Maybe it doesn't have exposure in the shop as when it goes on Gunbroker. If the shop has 300 people a week coming through the store, and a thousand people see it on Gunbroker, you might get a better price on Gunbroker.
Or it's promoted in a way that gets the best price for the gun. Winner's curse. An auction is a contest to determine who is the biggest sucker.
What is the item's real value? Whatever someone paid for it. The item in your post is worth less than $500 in your LGS, and worth $1000 on Gunbroker. Just like your car is worth more in a private party sale than as a trade in at a dealer.
Value is subjective.
To the people that saw it and passed for $500, it was less valuable to them than 5 one hundred dollar bills.
To the guy that bought it for $1000 it’s value was at lest $1000.