Buying Hi-caps before '04?

B

Blue Duck357

New member
When the ban sunsets in 04 and if a new law goes into effect as expected I suspect high capacity magazine prices will go waaay up making todays prices seem cheap.

If on the other hand the law sunsets and the replacement dies in congress (the temporary measure only passed by one vote I believe), I'm gonna look pretty silly for laying out $80-100 for magazines that will then sell for less than $20.

Gotta a couple for each of my Glocks now. Buy more or not, what do you think?
 
What's your money situation? You said you believe that a new ban on new full capacity magazines will go in place. By that logic, you should buy more full capacity magazines if you like such things.
 
Buy what you need, when you need it. Don't play "stock market" with pre-ban stuff, unless you like losing money.

Just my .02 cents.
 
Considering my history I would be the "Enron" of hi-cap speculators:)

No I'm not looking to make money, just avoiding disapointment that I didn't buy when they were cheap (well cheaper) or looking at my $80 magazines the way some people now look at thier $5000 Y2K survival packs.
 
I know the feeling - I've gotten a sufficient store for now and am trying to stay pat though a new magazine happens to find its way into my possession every now an again.

I think the best bet for now is to just stock up on enough magazines for your current uses - that way you're personnally covered no matter which way the political wind blows. Then if it sunsets, you can stick your chest out and boast about how you knew it would all along. :rolleyes: And if it doesn't, learn to live with the regret like everyone else will be doing. You'll have a lot of miserable company - and we all know how misery likes company... :(
 
I am not sure economic theory supports your position that prices will go way up. That probably won't happen unless they go down right before the decision is finalized. That isn't to say that prices won't go up, but not necessarily way up.
 
For handguns I bought the mags I needed for carry, backup, ect. For rifle I bought the mags I would have purchased anyway (AK and AR mags are still pretty cheap).
While I wished I had bought up a truck load of standard cap Glock an Sig mags when they were cheap, I did not have the extra money then and low and behold I still don't.
I guess speculation is still for the rich and the foolish.
 
Sure, it would be nice to have normal priced normal capacity magazines. It would also be nice to have all the normal features on an AR15 without having to pay the prices for a pre ban. Think Magazine prices went way up? Look at AR's. You went from $100 for a lower reciever to $1000 for a Pre Ban. Standard lowers can still be had for $100 even today.

Go figure. In the meantime I'm buying up all I can. Better safe than sorry I say.

Good Shooting
RED
 
The question, as I see it, is how are the companies who produce the mags going to handle the situation?

They can gear up and produce standard cap mags in the hope that it will sunset or they can not produce figuring there will be another law.

When the time comes it would be interesting to see what they are doing as this will be a good indication of what the politicians are going to do.

And should the law sunset there will be many 10 round mags out there for less than normal price.

It will be a presidential election year and I don't see George pissing off his base by signing such a law or the legislators doing the same. And there appears every likelihood that the Republicans will gain a fair number of seats this fall.
 
And there appears every likelihood that the Republicans will gain a fair number of seats this fall.
Click to expand...

From your mouth to God's ear, but I don't know where you're getting this idea, I sure haven't seen any evidence of it. The party in the White House normally loses a few seats in the off-year election, and with the Enron scandal heating up, that will probably happen again.

As far as the magazine capacity ban sunsetting, I think you can forget that! I'm willing to wager today any amount that someone here can come up with, at 2:1 odds that the ban is either simply extended, or possibly made more restrictive. I'd faint dead-away if they let it die, that's simply not going to happen!
 
I have on hand enough to make me happy. I still have 4 mags for a glock 23, have yet to even get a glock they fit in. I often get the magazines when they are offered for a good price long before the firearm. I hope I am wrong, but how many laws have been allowed to sunset. The income tax was just for WW II, that really made a difference once they were getting the money.

And you are forgetting the state laws, or else I am not paying attention. California and some other states on the east coast limit what you can buy now for non-neutered magazines. California even gets you with the leaving them to people in a will depending on who you talk too. One poor guy even had to get a certain class license for carry. He can carry a gun concealed with less then 10 rounds, and they include the chamber, I think I wrote that right. He can not carry a glock 19 with a 10 rd magazine because the chamber makes 11. This was mass. I believe, but am not sure. But he is ahead of ohio. :(

So the states have their laws, what is to stop more from doing that?

I see it as a very big bargaining chip. And Bush has said in a speech that he is for the limit on rounds in a magazine or somethig to that effect. I do not have the quote anymore.

I am not holding my breath either way and I am not making bets. I hope I wasted money, but somehow I doubt it.

I also specualte prices will fluctuate as we get closer as everyone gets wishy washy and thinks they can sell high now and buy low after the sunset. Course I will sell the gun before I bother selling the magazines for it. Simply because I can not tell the future.
 
Today I got 2 glock 17 round mags used for 100 total. They may not be drop free, not sure. Did i do well? I have no other HI-caps and no glock, but one day I will. So how does that price sound?

454
 
We will vote for Bush even if he signs a new ban - the Democratic candidate will be worse for gun rights.
Further, many gun owners are moderates or even liberals. We just happen to agree on this issue. There are other issues I keep an eye on besides gun control.
 
There will be a lot of speculating come Spring/Summer 2004. Unless a renewal of the ban is iron-clad (and it did just squeak through last time), I bet you could get some decent deals on pre-ban stuff. Folk who bought a lot of pre-ban stuff after '94 (especially dealers) will want to unload it to recoup some of their investment. It should help the buyer quite a bit. If the ban goes on, I doubt there will be a significant change in prices for a while. Think about it. We have suffered for 8 years now but stuff is still available and reasonably priced for most things. It's really in the pre-ban owners best interests to unload all their pre-ban stuff before 2004, since they can always buy it again if nothing changes. That's what I'm hoping for anyway :) LAter.
 
Biere,

It's funny that someone from Ohio should write about this as, if my memory serves me correctly, it was Congressman Kaisseck (sp) from Ohio who said he would not vote for the bill and turned right around and provided the one vote needed to pass the measure.

As far as states legislation goes we don't have any problems here in OK or in TX for that matter.
 
one thing's clear, I'd rather lose the values in all my pre-ban mags, than hoping for the renewal of the ban. :rolleyes:

i really hope the idiotic ban would sunset, and let lawbiding citizens enjoy their firearms as the Constitution affords them.
 
Rumor has it that the '94 crime bill will not sunset. Stock up before the laws get tighter.
 
kp95dao: I would never hold a politician to their word, you might be expected to believe them the next time.

I do not know who voted how, I was 18-20 at the time and in college. I did vote, but I had other concerns during that time. I could have helped vote him in or not, I forget.

I was simply pointing out that some people should consider what their state laws are before getting all happy that the federal laws might go away. Ohio lets me own 30 round magazines, so I am ok if it goes away. Others are not.

Consider the current rules for highway funding. If you do not have a state speed limit, little to no funding. They use certain things to get the states in line before the states can get their funding. Consider that tactic used on the magazine ban.

One thing about that name you mentioned, I have never heard of him again. Maybe ohio learned something, that is more than some states can say.
 
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