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Have you done a cost analysis of your collection?

Discussion in 'General Gun Discussions' started by Orion8472, Apr 18, 2012.

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  1. Orion8472

    Orion8472 Member

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    Out of curiosity, I decided to do a cost analysis of my firearms and ammo. I was using what they [firearms] cost me when I purchased them and the current price of ammo. If you have done this, were you:

    1. Shocked at the amount you've spent?
    2. Though, "That's about right, actually."
    3. Had to say, "I need to step up my spending"?
     
  2. valnar

    valnar Member

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    I wouldn't call it a cost analysis, but I do keep a spreadsheet of everything I own. Gun type, caliber, serial#, price paid and approx value today. In general, it gives me warm fuzzies to see that delta between the price and current value. ;)
     
  3. Ranger30-06

    Ranger30-06 Member

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    I've dropped only about $5000 for guns and ammo total, but almost nothing on reloading equipment because my grandpop gave me a lot of stuff and I traded around for some other stuff. In relation to what 99% of everyone else on this forum has, I've barely spent anything!

    My reaction though wasn't that I need to stop spending, but that I need to get a better job so I can pay for more of this stuff! :D
     
  4. browningguy

    browningguy Member

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    I don't even want to think about it.
     
  5. JFrame

    JFrame Member

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    ...I'm with him! :D


    .
     
  6. youngda9

    youngda9 member

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    Is anyone adjusting for inflation?
    Still feel warm and fuzzy when you run the numbers against initial investment compounded by 5% interest over the # of years that you've owned the firearms?

    If you take those things into account I doubt they are good investments. But you have the benefit of having fun with your guns and getting most of your money back out of them, should you decide to.
     
  7. elrowe

    elrowe Member

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    Is love ever cost-effective?
     
  8. tomrkba

    tomrkba Member

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    If I did, I would have a heart attack.
     
  9. Murphy4570

    Murphy4570 Member

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    I have about $3,000 invested, total. Small collection. If my firearms collection value ever gets near to or exceeds my tool collection, then I'll get worried.
     
  10. ny32182

    ny32182 Member

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    I know almost exactly how much I have spent since 2006 when I started tracking it (and yes I put in significant money before that).

    As of today my collection is probably worth less than half of what I have spent on it since 2006, and like I said that includes some equity that existed from prior to 2006 that is not accounted for in my spending number. So overall, I've lost well over half the money I have ever sank into shooting. The only thing that would have been a worse investment is a car. This will change at little if all things AR15 related return to high price levels with the election.

    Also I started shooting more sometime after 2006, now do a lot more shooting than gun buying, and ammo/components represents a 100% loss.
     
  11. flhtcuibyhd

    flhtcuibyhd Member

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    Worth every penny spent!
     
    Last edited: Apr 18, 2012
  12. whalerman

    whalerman member

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    Elrowe said it best. Factor in the pleasure and enjoyment and especially all the great people you've met along the way. If I do that I've made a fortune.
     
  13. waterhouse

    waterhouse Member

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    I keep track of the collection value, mostly for insurance purposes, and I think it is "about right."

    I made the mistake once of tallying up, piece by piece (which I acquired over about 3 years) what I had spent on my suppressed SBR with 2 uppers (and the associated optics, etc.) On that one I was shocked at the amount I had spent.
     
  14. Wil Terry

    Wil Terry Member

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    WHY ???
     
  15. JohnBT

    JohnBT Member

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    No. Too much work.

    First gun I bought (that I still own) = $55 for a new Single-Six Covertible in the early '70s.

    Last gun (so far) = $2500 for a P210, plus $280 for 2 spare mags.

    Hey, do I get to count the cost of all of my late father's guns as = to zero? And my grandfathers' guns and my mother's gun and my aunt's gun and my great-uncle's gun? And the Mountie my uncle gave me in the early '60s? That would bring the average cost per gun down. Do I figure the cost of the Cooper rifle I gave my dad as zero or do I have to use what I really paid for it? What about the Guerini 28 ga. he gave me?

    Too much work. I was a physics major, not an accountant. ;)
     
  16. CharlieDeltaJuliet

    CharlieDeltaJuliet Member

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    I dropped almost 6k on one rifle/scope combo. I need to slack off on my spending, but..... My name is Chad, and I have a problem....lol. My pockets aren't as big as my ambition. But it is a solid investment to me. Seems like no matter what I own I always see something else I "can't live without".
     
  17. Orion8472

    Orion8472 Member

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    The real reason why I wanted to do this was because I received my bill for my renter's insurance and wondered if I have enough on there. . . . . . but then wondered if they [the insurance company] would insure weapons and ammunition. . . . .then wondered if I WANT them to know about them.

    Maybe I should just buy a good, solid, fireproof safe. :confused:
     
  18. tnelson31

    tnelson31 Member

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    You should carry insurance only if you cannot afford the loss of what you are insuring.
     
  19. ny32182

    ny32182 Member

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    I could afford for my house to burn down, but since I would rather not absorb the loss if it did, it is insured...
     
  20. Dr.Rob

    Dr.Rob Moderator Staff Member

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    I haven't spent as much as I WISH I could.
     
  21. MrDig

    MrDig Member

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    Replacement Value, the key is could you afford to replace your guns if something happened. That is why I carry renters insurance and keep up on what it would cost to replace my Guns as opposed to what I have spent acquiring them.
     
  22. berettaprofessor

    berettaprofessor Member

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    This is the wrong standard since, for most of us, it's been a long time, like 10 years, since we averaged 5% interest on any investments. My firearms are the most stable investment I have...at least they haven't lost any value, unlike my IRA's and 401K's (and they are earning more than the money would if it was in the bank.)
     
  23. Steel Horse Rider

    Steel Horse Rider Member

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    Funny this subject should come up. This weekend I was doing some tidying up in my older gun safe and found a receipt from February of 2000 for a Ruger P97 pistol and holster for which I paid a total of $345. I think it was a better investment than a tech stock!
     
  24. Hunterdad

    Hunterdad Member

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    I try not to think about how much this hobby has cost me. As long as I enjoy myself, then its worth it.
     
  25. tyeo098

    tyeo098 Member

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    I spend more on computer-related goodies than guns...
     
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