As to the gun snobbery I can't afford guns at 5 grand a pop either, but other people sure do. To them these guns are investments, and no 200 hundred dollar guns are investments really.
mcdonl, There is the auctions at AMSOKEG in Manchest NH, which produces a auction catalog, and most any guns in there are 'very' collectable.
These are out of my range as well, but those guys are real collectors who can afford to buy safe queens.
I am not a collector who can afford safe queens, but I know there are these others who can and do. To them 5 grand is nothing. Any gun for less, they won't even bother looking at.
I know of a local auction house in Farmington NH. where good 500 to 800 dollar colt 1911's are literally tossed into a milkcrate, untill the crate is filled and then they start another. I mean tossed!
If the gun was re-blued, or has a missing, or damaged part, it is original and so it isn't collectable by the standards collectors demand.
Guys collecting low dough items are more a hobbist. You can collect all the 50 dollar shot guns you want, but they will never be collectable.
I have a old cut down Iver Johnson 12 ga in a single shot configuration that someone mounted a piece of brake like tubing to and blued it. They added a brass shot gun front bead at the muzzel, and the stock has some sort of big burn marking, with assorted other dings and dents in the wood.
I like to shoot this gun with slugs too, and if I had 100 of these guns they still are not a collectable item. It would not be a collection as seen by a collector.