Selling Guns?

Selling guns sucks, especially when you have no choice:o

WildwordscannotexpressmyinnerloathingforwhatiamdoingAlaska ™©2002-2011
 
Samueul,
Keep one or two for home defense sell the rest.
A gun offer protection and cash gives you options.
Just my two cents but perhaps this is not the best place to ask for financial advice.:)
 
I have regretted it every single time I have sold a gun of mine. Even the times I had no choice years ago due to a financial squeeze. I have not sold a single gun in quite a few years, but I have added to the herd.
 
I don't really buy something that I am going to sell later on. That in itself is a waste of money to me. Unless it's flipping houses or something... but when times are tough we do stupid things. However the guns or well any hobby for that matter... toy collectors coin collectors whatever talk about the worth or value of something. Well it's only worth said amount if someone is actually willing to pay that said amount for it. I could have a firearm worth 20,000 but am I going to easily find someone to give me 20,000 for it? Chances are probably not. I guess what I am saying is... buy a gun because you like it... not what you think you can make off it in the long run.... if all else pass it down to kids or grandkids or close friends. Just my 2 cents....
 
If you want to invest in guns then invest in the gun companies. Two years ago Sturm Ruger & Co. stock was less than six dollars a share. Today it's selling for over $18 a share. That sounds pretty good to me. The same can't be said for Smith & Wesson Holdings.
 
you said it yourself. you have guns in your collection, although you don't shoot, you still like them. to me that's a good enough reason to keep them. i don't think guns are an investment. i like to joke about it though. very few people can make money in guns. i own guns because i like them. i like the history. i like to handle them. and to me, that's the investment. enjoyment. i find other ways to make money. and every gun that i ever sold, i regretted it. i hope to pass them all down to my children and grandchildren. and no return can compete with the joy i'll get from that investment. and other than that, see Wild's post, #21. oh the loathing. i feel for you, brother.
 
“…because I like them…”

If you don’t like them or no longer like them, by all means turn them into $ and put into something with a better chance of growing.

Investment, well, maybe. And well, barely.

OTOH, if we get into some serious inflation, you’re better off to have almost anything concrete (including concrete) rather than dollars in the bank.

It’s possible that if what passes for our present leadership (both parties and at most levels) can gain control of its runaway growth and runaway spending, we might not get into that situation.

I’m not optimistic. I buy a gun because I want it. I invest somewhere else if what I’m looking for is growth. I don’t buy firearms for investment. I do trade from time to time but seldom sell anything outright.

I’ve never felt I’ve gotten the worse end of a trade and I’ve, so far, never sold a gun for less than I paid for it. That, of course, doesn’t necessarily make it an investment, good or bad (too many variables).

Best,

Will
 
I haven`t read all the threads but let me say Guns are a Hobbies period........I read a thread that a guy purchased a gun about 1960 for $200 and says it`s worth $5000.....lets hope he can get it...just because some book says it`s worth that doesn`t mean you can get it ....

Now what the threads I have read failed to take into consideration is "LOST INTEREST" Once you buy the gun you no longer are earning interest on that money......LOST INTEREST FOR 50 YEARS ADDS UP....

Compounded Interest paid for decades doubled your money every 8 years...So just loosely from 1960.. $200 in 8 yrs. would be $4oo...$800 at 16 yrs. $1600 at 24 yrs..... $3200 in 32yrs.... $6400 in 40yrs and $12800 at 48 yrs.... 48 years brings to 2008.........NOW DO YOU THINK IT WAS A GOOD INVESTMENT......

Now this was a loosely put together example and it isn`t quite $12800 but it `s far more than $5000 the value placed on that gun now........ GUNS ARE HOBBIES....JIM
 
Thanks for all the input guys. I'm still on the fence. Leaning towards keeping them for now. Maybe start actually making an effort to shoot them or change up my carry etc..
 
Silver !!

I started investing in Silver 3 years ago. This would be the first time in my life that I had an investment go in the correct direction. Buying PM's is like placing a bet that the US Government will continue to make senseless, corrupt, stupid irresponsible decisions over the next year or two. You can't go wrong. I prefer to sell guns on Gun Broker, I was using Guns America but after dealing with thieves on two different occasions along with a few mean spirited types I decided to switch to GB. The people on GB have been nice, honest and easy to deal with. If you want to get the most money for your guns, My experience suggests "Use Gun Broker" ......
 
Very few guns exceed the rate of inflation over time, yet the stock market (and bond market) will and do return more money.
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++1 !

Most of the true collectors, increase in value weapons are now in the hands of collectors who have no intention of selling, or they do know the market very well. The days of finding an 'As New" R.M. or true Walker Colt in Granddad's basement are about over. As are most gun show,yard sale, and flea market finds. So IMHO if you are weapons you are not using sell them. Selling them will accomplish two things, it will allow someone else to enjoy them and it will give you some ready cash when you find your NEXT MUST HAVE firearm.
 
Gun are not horrible investments

WVsig once again your are missing the point. Maybe I did not make myself clear, but I will try to put it simply one last time. If you bought the S&P 500on the first day of 2000 (1498 on Jan 2, 2000, 1313 today march 4 according to Yahoo)you would be losing money, period. What if you bought a Colt Python that same day in 2000 what would it be worth today? Which would have made more money? You said guns are a "horrible" investment. That is simply not true! Are they the best investment, no. Have you read the other posts here? Looks like most posts are reflecting that guns are good investments. Your ego has got the best of you. Just be a man and own up that "horrible" was not the best word.
Maybe, the Staff can start a new survey thread with four choices. Are guns great investments, good investments, bad investments, or a horrible investment investment. I bet the only guy who votes "horrible" is you. I bet "good" get the most votes.

You can lead a horse to water, but you cant make him drink.

I give up.
Best of luck,
BILLDAVE
 
This is so pointless. I have never lost money on a gun. Most get sold for what I paid after shooting them. Others have gone up in unrealized value because I have not sold them. None of that makes my guns good investments.
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I agree, pointless. First you say guns are horrible investments, then you say you have never lost money on a gun. Cripes, even I have lost money on guns; the 2 I sold come immediately to mind. I take it you have never lost money on your investments, either. Because if you had, then quite obviously your guns were the better investment.

I've lost a ton of money on investments. Guns? Naw, I'm way ahead.

And people need to quit using the only if you sell it argument. Using that logic, if you were perfect in your investing and got a yearly rate of return of over 15%, and before you were able to enjoy it you were hit by a bus and killed, it was NOT a good investment.:rolleyes:
 
I see alot of faith in the Stock Market in the posts above. I wouldn't be so sure after the last crash, and the massive evidence of fraud that there's been no reckoning for.

Guns at least are fun while you own them.
 
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