Quantcast
  1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Tips on buying guns and turning a profit?

Discussion in 'General Gun Discussions' started by DontBurnMyFlag, Sep 22, 2008.

Thread Status:
Not open for further replies.
  1. DontBurnMyFlag

    DontBurnMyFlag Member

    Joined:
    Sep 16, 2004
    Messages:
    891
    Location:
    VA
    :cool:Hey all,

    Im not trying to start a thread on how to create a thriving gun store or FFL type business. But does anyone here buy junk guns, or bargain guns, and then re-sell them either to other stores or at gun shows for profit?

    Over the weekend, I sold 3 guns, mostly junk, one good rifle, and turned made $1100. Considering it was about $1300 worth of guns but they were purchased years ago. I still think I made out alright.

    Im just curious as if anyone has any tips on what types sell. Whether it be cleaning up an SKS or modifying it with bubba-tactical pieces and then selling it. Or finding a really nice bargain somewhere and just giving it a good home to someone else.
     
  2. Thernlund

    Thernlund Member

    Joined:
    Apr 12, 2007
    Messages:
    2,347
    Location:
    Phoenix, AZ
    Anything under around $500 will likely be your best bet.

    You want to make sure to keep it "hobbyist" type stuff or you could run afoul of the ATF. They frown on that sort of thing ya know. ;)

    A clean up job on an old Mosin or SKS or a gun you shoot for a month and sell to get another shouldn't get you in trouble. You're just "turning over your collection" for lack of a better term. Just don't try making a huge profit or a living of it without an FFL.


    -T.
     
  3. RobNDenver

    RobNDenver Member

    Joined:
    Mar 23, 2008
    Messages:
    273
    I know of a number of people who make some money, buying and reselling used firearms. I have learned from talking to them, that it is hard work and not nearly as much fun as it was in the past. As soon as one of my friends has his youngest out of college, he is a former FFL.
     
  4. Vern Humphrey

    Vern Humphrey Member

    Joined:
    Dec 30, 2002
    Messages:
    18,685
    Location:
    Deep in the Ozarks
    Buy low, sell high. That's all there is to it.:p

    BTW, if you do it to make money, you have to have an FFL.
     
  5. DontBurnMyFlag

    DontBurnMyFlag Member

    Joined:
    Sep 16, 2004
    Messages:
    891
    Location:
    VA
    good info. but yea, i dont want to do this as a source of income or something. I have a great career. Its just that I see a beat up old rifle for like 50 bucks at a gun show and I think to myself. I could give it a home for a bit, clean her up and then give it a better home to make room in my safe for more guns lol.
     
  6. MRIman

    MRIman Member

    Joined:
    Jan 1, 2007
    Messages:
    453
    Location:
    City in the Hills,NY
    As a "collector", I always look at "what I could sell it for" when adding
    some thing to the collection. I don't buy with "i'll flip it" in my mind.
    I do like to think that the things I buy are worth more then i'm paying for them,most times they are.
     
  7. Thernlund

    Thernlund Member

    Joined:
    Apr 12, 2007
    Messages:
    2,347
    Location:
    Phoenix, AZ
    I think you'll be fine. Just enjoying your hobby as many of us do. [​IMG]


    -T.
     
  8. Armueller2001

    Armueller2001 Member

    Joined:
    Feb 18, 2008
    Messages:
    199
    Location:
    Illinois
    Buy 20 of the cheapest "junk guns" you can get your hands on and go sell them at gun buybacks for $100 or more each...
     
  9. 22-rimfire

    22-rimfire Member

    Joined:
    Jun 11, 2005
    Messages:
    11,450
    Location:
    TN
    It is tough to sell many firearms and make money consistantly. Gun Shows are probably the easiest place to sell and you can usually rent a table if you want to.

    As mentioned, Buy Low and Sell High.... but isn't that what everyone complains about with FFL dealers?
     
Thread Status:
Not open for further replies.

Share This Page