Well Keltecs sure don't hold their value!

Discussion in 'Handguns: Autoloaders' started by Yo Mama, May 19, 2022.

  1. FL-NC

    FL-NC Member

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    If you like it and it shoots good but has no value, no reason not to keep it. It could be a good truck gun, secreted away in your garage or another part of your house for emergency use, or kept for a rainy day.
     
  2. crestoncowboy

    crestoncowboy Member

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    A few of my buddies bought Taurus and charter and such guns for years. I paid double and bought smith and colt. My guns are worth far more than I paid for every one. Theirs are still worth the 250-300 dollars they paid.

    Taurus and sccy and psa and keltec and RIA metro hi point Ruger (autoloaders) Smith (autoloaders) and those guns are cheap decent guns. They will never be worth more than you paid though . Very few will be worth what they costed new.

    My Glock 27 was 400 dollars 20 years ago. I could still get my 400 dollars after carrying it daily for 20 years. Same for sig/beretta/HK etc etc. Doesn't matter if they are great or junk. The value is usually in the name

    I have several cheap guns i wouldn't think of selling because they just aren't worth much . Old supermatics and such come to mind. Old Marlin hammer fired pumps too. For such old guns they are pretty low values.
     
    Last edited: May 20, 2022
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  3. Coyote3855
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    Coyote3855 Contributing Member

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    Can't think of any firearm company that gets more on-line hate than KelTecs except maybe for Hi Points. I have several KelTecs - Sub 2000, PMR 30, P3AT, and the dreaded PF9 which rides in the handlebar bag on my bicycle next to the the pepper spray. I don't expect them to make a profit when they are sold by my survivors. While I'm still alive, they fill a niche and have been reliable and I trust them. I do own S&Ws and Colts. My EDC gun is a Commander in .38 Super. KelTecs aren't target guns or range toys, but they fill a role for me.
     
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  4. flightsimmer

    flightsimmer Member

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    Ah yes, but you need to factor in the inflation of the dollar, you still lose money maybe just not as much.
    Most peple don't see it but inflation is stealing from us constantly.
    You get a $5% raise and 7% inflation, you juse lost 2%.
     
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  5. unclenunzie
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    unclenunzie Contributing Member

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    Guns are like anything else in this regard. What you start with sets the range of prices people are willing to pay. The kel tecs are value priced basic pistols that get the job done. Resale value for a shop also includes the lease, light bill, employees, and a little profit after all that. The gun itself loses value the moment it goes from new to used. Add in the newer offerings available today and demand dries up to an extent.

    I'd keep a proven reliable gun, especially an autoloader which when new requires expensive vetting with ammo. There is real value in that to the current owner imo.
     
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  6. kwb377

    kwb377 Member

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    My father passed away last summer, and one of the guns we found stashed around the house was a PF9. While all of the other guns have been divided between my brother and I (and our sons), the Keltec is still at my mother's house. Keltec...guns so good, you can't give them away.
     
  7. Riomouse911

    Riomouse911 Member

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    GB completed auctions range from $145.00 to $349.00 (One bidder !?!?!) for the PF9. Most sold around $220.

    $70 is a very lowball offer, but I expect to get that when I am asking people to pay up front and speculate with the return on their investment later. (Pawn shops, etc)

    For that amount I’d hang onto it. Of it had to go a private sale posting on THR or through a gun club/firing range may be better options.

    Stay safe.
     
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  8. CajunBass

    CajunBass Member

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    I took a gun into my favorite dealer once, and got a price that I thought was low, and I told them so. The guy looked at me said, "Well sure it is, but I really don't want it. I'm making the offer because you're a good customer."

    At first I was sort of ticked, but as I thought about it, it made sense. Just because he ran a gun shop didn't mean he had a market for every gun that came along. Some he knew he could sell fast and make a few bucks on. Others he knew would gather dust in the case for who knew how long.
     
  9. RA40

    RA40 Member

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    Like now, I have an item FS locally. Several guys contact me with a low ball price. I give them a counter offer and they say they will buy it online instead. I wish them well: 2-3% C-card fee, $20-$30 shipping, sales tax, DROS fee and it comes up more than buying from me including the transfer fee and they don't get a hands on inspection from buying online. I don't understand their buying logic. They want a good deal which I understand but at least be within fair market value not $100+ differential in price.

    One guy called me after seeing the FS that was from a local phone number. We met up and he handed over the green. I said we can go inside and complete the transfer. He said, "what transfer paperwork?" Where he comes from a PPT is an exchange with a bill of sale. I was a bit baffled thinking he was a CA resident. We talked more and he'd been at the range with some work buddy's showing him the area. He thought that this would be a great souvenir while he was visiting CA on business. He had brought his 5.56, several 9's so he had "room in the case". The cell phone was on loan from the company. He apologized not knowing how CA worked with firearm transfers.
     
  10. Tallball

    Tallball Member

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    Sometimes I will trade handguns to my friendly acquaintance at the LGS.

    In trade towards another gun he'll give me half of what he thinks he can sell it for.

    For instance, he probably gave me $125 for the Turkish polymer 9mm I traded towards a S&W revolver, had it for sale for $275 the next day, sold it for $250 the day after that.

    If I wanted cash instead of trade, he would maybe have maybe offered me $100. Maybe.

    That's just the way it works. If a used handgun isn't particularly fashionable (new & popular or "classic"), then you won't get a lot for it from a gun shop or pawn shop. Especially if it has some wear.

    My PF9 worked fine, but the trigger was horrible. I got it used barely over $100. I probably got $75-$85 for it by trading it towards something else.

    I own a few handguns that I don't "need" and don't love, but they go bang every time and they're worth so little that I've kept them instead of getting rid of them.

    (I think I only got rid of the PF9 after I had gotten a G43 and a LC9s and it was obviously never going to see the light of day again.)
     
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  11. AustinTX

    AustinTX Member

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    An offer of $150 would mean that the shop thought they could offload it for something in the area of $300.

    For a used PF9, that seems . . . quite high.
     
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  12. AustinTX

    AustinTX Member

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    Definitely a massive overgeneralization here. Plenty of guns are not viewed as "tools" by the vast majority of the people interested in buying them, and it's a long way from "exceptionally weird" for guns to increase in value over time.

    There's a world of handguns outside of your run-of-the-mill service firearms mass-produced by the shipload.
     
  13. Mosin77

    Mosin77 Member

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    Realistically it’s worth about $150-200 on the secondhand market. Top end of that if it’s new in the box with papers. Bottom if it shows the signs of being carried every day for the last 10 years.

    If one factors in some labor costs, $75 is pretty generous since there’s going to be at least $25 of overhead (logging the gun into the book, cleaning it up, taking photos if you advertise your products online, etc.) That means the shop makes $50 when the gun sells, or a little more if it’s pristine. $50 isn’t a fortune these days.

    Keltecs, for all their virtues, are not collectible. Maybe in 50 years it’ll be a sought after relic of bygone eras in firearms manufacture, but right now this particular gun is a commodity, much like a screwdriver. It’s a tool for a purpose.
     
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  14. plainsdrifter

    plainsdrifter Member

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    Ha! Values do go up for quality guns.
    Bought my Ruger MkII 6" BBLfor 250 bucks IN 85' now used going for over 400 bucks.
     
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  15. 1KPerDay

    1KPerDay Member

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    wow.
     
  16. tomrkba

    tomrkba Member

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    Don't sell it unless it's a private sale for like $200. Otherwise, why not just keep it? Buy a few more mags and a few spare parts. It's a low cost carry gun; you won't cry if the cops take it if you have to use it.
     
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  17. General Geoff

    General Geoff Member

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    Bought a Taurus 692 SS two years ago for $450, now they seem to be going for $750+ if you can find one
     
  18. zaitcev

    zaitcev Member

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    I bought a Taurus 380UL for $300, and they go for about $500 nowadays.

    But it's different from PF9, which is be definition a disposable gun. I used to be a fan of KelTec before George went full ukrobot, but even so I resisted a temptation of PF9. And it is discontinued now, so the availability of parts may be spotty.
     
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  19. TTv2

    TTv2 Member

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    Hate to say it OP, but you overpaid for that PF9. Before 2020 they could be found for $175 new. It doesn't help that Kel Tec just recently discontinued them, so any future warranty work is not likely to be supported. Certainly a factor for any buyer to consider.
     
  20. TTv2

    TTv2 Member

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    60% is about the rate of inflation over 35 years. You could have bought a Raven/Bryco/Davis/Lorcin/Jennings .25 for $50 back then, it's probably worth $125 now.
     
  21. Mosin77

    Mosin77 Member

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    Yeah, there are guns you can make some money with (buying something that’s undervalued and then it becomes collectible…) but it’s really not the norm. Inflation is a real thing. You can generally count on not losing money with guns as long as you buy something with a little collectibility, but it’s usually more like breaking even.

    Keltecs are not moneymakers unless you somehow connive your buy a crateful at or below wholesale. And then you’re what’s called a dealer. And the profits won’t be too lucrative even then.
     
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  22. doubleh

    doubleh Member

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    Look up how much that now 400 bucks is worth compared to 250 85' bucks.
     
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  23. plainsdrifter

    plainsdrifter Member

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    Right, not losing money on proper quality gun investments. Just like buying gold.
    I do believe there is a difference between quality steel made guns and plastic fantastics.
     
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  24. Rule3

    Rule3 Member

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    It doesn't matter what gun. Selling it to a LGS or Pawn you are gonna get hammered. More so on guns like KT , Taurus Charter etc.
    The PF 9 is not a high demand item
    Used a LGS can sell it for what ? $150 or so,

    Brand new a PF9 was MSRP of around $270

    I hate selling guns!!

    Folks mentioned selling online. Then you have to add in the transfer fee, and shipping. How much do you expect to get??
    If the shop gave you $150 what can the sell it for to make any money??
     
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  25. Patocazador

    Patocazador Member

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    I have a PF-9 and the only negative I have found is the ridiculously-long trigger pull. However, it is relatively small, lightweight, and shoots a 9mm vs. a .380.
    I like my 9mm Diamondback more because it is more compact. I didn't buy either with the intention of reselling them. They are handy and lightweight and can save my butt if necessary.
     
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