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GUNS - Great investments!

Discussion in 'General Gun Discussions' started by BP Hunter, Feb 22, 2011.

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  1. BP Hunter

    BP Hunter Member

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    I am glad that I had a good gun collection. I thought I would never sell some of them, but this time I had to. Mom needed money and I was willing to help. Yes, it hurt, as much as a woman would sell her jewelry, but they had to go..but will soon be replaced once this money dilemna is over.

    A few weeks ago, I had to come up with some money to help my mom. I decided to sell some of my handguns. I was actually quite desperate not knowing how to sell them. Anyway, it was a good thing that I had a friend at work who were shooters. I sent him an email of 4 of the guns I was selling - Sig P220 carry, CZ75B 9mm, Stoeger Cougar .40 and either the Glock 19 or XD9. He sent that email to his friend. The next day, I sold my Sig P220 and CZ to his friend. On that day, I sold my Glock 19 to another buddy. The following week, a friend heard that I was selling and he bought my XD. Then yesterday, the sme guy who cought the CZ and Sig bought by Stoeger. All in all, I raised $2,100!

    Next year, they will slowly be replaced.:)
     
  2. docnyt

    docnyt Member

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    Ouch. But family comes first.

    Guns are replaceable. Sometimes its a good excuse to get a better one.
     
  3. kingpin008

    kingpin008 Member

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    Not to burst your bubble, but that's not really an investment - more like liquidating assets. Investments gain value over time. Assuming a conservative price of $500 new for each of those guns, you pretty much broke even.

    I mean, it's great that they could provide some much needed cash in a hurry, but like I said, that's not what I'd call an investment...
     
  4. SuperNaut

    SuperNaut Member

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    I'm glad you were able to help your Mom but consider this:

    Sig P220 = $900+
    CZ75B = $400+
    Stoeger Cougar $~400
    Glock 19 = $400+
    XD9 = $500+

    At retail you would have paid well over $2600 for these guns that you sold at a loss. Sorry to be a wet blanket but I'm not seeing that as a great investment strategy.
     
  5. stonecutter2

    stonecutter2 Member

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    They retain their value a whole lot better than cars.
     
  6. txhoghunter

    txhoghunter Member

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    $2600-$2100=$500....duh

    Yes, he did not get the amount back that he probably bought them for, but he got more money back than he would have by, say, selling them to a pawn shop. Only losing about $500 while selling 5 *used* guns is a very good IMO.
     
  7. kingpin008

    kingpin008 Member

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    You're right, it's great for selling used. But it's also not an investment.

    In fact, in terms of investments, guns are actually pretty poor performers. Much better to get into gold or silver, if you're into that sort of thing.
     
  8. Justin

    Justin Moderator Emeritus

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    You know, I wonder if there are finance and investment related forums out there where people start threads to the effect of "What stock certificate should I use to defend my home with?" and "What index fund should I use for concealed carry?"
     
  9. txhoghunter

    txhoghunter Member

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    A gun is an "investment" to defend your life with
     
  10. rellascout

    rellascout member

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    Horrible investment. If you have taken that same money and put in a real investment like gold, silver or even the stock market by dollar cost averaging you could have sold the principle and still had $$$.

    99% of guns even the ones that go up in value are bad investments. Take the gain adjust for inflation and you will find that most of the time you are lucky if you are breaking even.

    Yes there will be times when you luck into a great deal and make some quick cash but that is the exception not the rule. IMHO
     
  11. BP Hunter

    BP Hunter Member

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    You're right. They are not gret investments since they do not appreciate in time, but they were very good liqudating assets.

    Sig P220
    original cost ~ $750
    sold for - $600

    CZ75B
    original cost ~ $480
    sold for - $400

    Glock 19
    original cost ~ $480
    sold for - $400

    XD9
    orginal cost ~ $480
    sold for $400

    Stoeger Cougar .40
    original cost - $399
    sold for - $300

    Helping mom - priceless:D
     
  12. towboat_er

    towboat_er Member

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    Wish I had bought more sks's at around $100 a few years back. Would have been a good investment.
    I bought a Makarov 15 years ago and its worth quite a bit more now.
    Some guns are good investments.
     
  13. The Lone Haranguer

    The Lone Haranguer Member

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    In TLH's Great Gun Liquidation Selloff of 2008-09, I more than doubled - almost tripled in one case - my money on some of them, but barely broke even on others. So I would not call them investments. In fact, had I put what I paid for them originally into, say, a CD or other investment, or a savings account for that matter, I would have been financially better off. :uhoh: But that wouldn't have been any fun. ;)
     
  14. rellascout

    rellascout member

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    Winner Winner Chicken Dinner.
     
  15. rellascout

    rellascout member

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    Run the numbers and factor for inflation. Run that against something with compounding insterest. I bet you will find even an S&P 500 fund would have beat your rate of return.
     
  16. rellascout

    rellascout member

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    How long did it take you to double your money?
     
  17. rocinante

    rocinante Member

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    I did the same thing, raised about the same dollars, except I plowed it all back into different guns. I sold 6 guns, 1 scope transformed into 5 guns, 1 scope, 1k of ammo and accessories. I just about broke even but have different stuff that suits my current mood. If I was rich I would never ever give up a gun and right now am feeling some remorse over the dearly departed.

    I agree more with the folks claiming they are liquid assets more than investments but not totally. Lots of guys make money on buying and trading and holding on to stuff until they become more rare. For instance one of the guns I initially put up for sale is a pristine S&W 29. I posted a reasonable price and had multiple request. I decided to hang onto it since I know I would never replace it at the price I got it. I bought a couple 3rd gen S&W because I think long term their quality stainless steel guns will become desirable in a plastic gun world. I wish I have bought more than one saiga rifle at 240 shipped when they are selling close to 400 now. Ammo? legions of examples.

    Another factor is the feds with a pen stroke artifically and astronomically inflating the value of certain arms. I have a buddy that has 5 full autos he bought before 86. Some like the mac and uzi he paid less than 500 for. Probably worth 15 to 20 times that now. I am afraid now they are going to turn my saiga 12 into a collectible. That's best case.
     
    Last edited: Feb 22, 2011
  18. frankenstein406

    frankenstein406 Member

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    Gold silver, is better but where's the fun in that. At least a gun I can shoot and still easily sell.
     
  19. teumessian_fox

    teumessian_fox member

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    BP, your guns were a good investment in that you were able to liquidate "your holdings" to get immediate cash. Imagine if you had been holding onto a "real investment" like a single family home in the $100,000 range.

    I'm glad it worked out for you. I, too, once liquidated a gun collection in an emergency situation. Stuff happens.

    My guess is that you, like me, will get all those (models, etc) guns, and more, back.
     
  20. brotus2

    brotus2 Member

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    Like you said BP - helping Mom: Priceless.
     
  21. Gordon_Freeman

    Gordon_Freeman Member

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    You should have at least three months worth of income saved up for emergencies. If you plan on having a decent retirement, you will have a lot more than 3 months. What if you lost your job? I certainly would not have to sell any of my guns for several years. I don't mean to sound like an a##hole, but it's something we should think about.
     
    Last edited: Feb 22, 2011
  22. IMTHDUKE

    IMTHDUKE Member

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    It's an investment for your family that did not pay for them, but you gave them the $. You do what you have to do...most who are gun people would do the same in hard times.
     
  23. BP Hunter

    BP Hunter Member

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    Oh, we have saved for emergencies and can last years if I lost my job. My wife is a good money keeper. Would you beleive, I receive an allowance from her. It's a good sum. Anything I need to spend beyond that allowance, I "pay" for it. I don't like touchng the savings in these instances. Since I could "afford" to lose these "toys", I decided to sell them rather than touching the savings.

    As teumessian_fox has added, "we will get all those guns and more back".:D
     
  24. Slamfire

    Slamfire Member

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    Bud of mine clearanced his gun collection. Told me he sold $39,000 worth of guns on Gunbroker.

    Said match rifles, did not sell well.

    Anything Mil Spec, sold real well.
     
  25. 22-rimfire

    22-rimfire Member

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    What the guns did for you was a reserve that was outside the current savings realm which allowed you to do what you did without impacting your family. It impacted YOU, but not the family. Considering everything, I think you did real well at $3900. I probably couldn't have accomplished what you did even with two or three times the amount of time to do it. If you feel good, it's good.

    For me, firearms are generally a poor investment. But they are a way to hoard some "capital" that is at least keeping up with inflation.
     
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