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Old 09-12-2021, 04:51 PM
brendonjames65 brendonjames65 is offline
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Default Gun prices: are they here to stay?

Greetings,

The question I have, which really can be applied to every gun forum category here, is the following:

Are the current gun prices here to stay?

This includes both new and used guns. It seems like with a few exceptions, gun prices will only go up for the foreseeable future and will not drop.

No doubt this question comes up repeatedly over the years but these are strange and uncertain times we currently live in.

From reading many posts, and I could be wrong, I detect a certain denial from perhaps the older generation, even anger about high gun prices. Some folks, somewhere, however seem willing to pay these prices.
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Old 09-12-2021, 04:57 PM
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Everything is cyclical. Just wait a few years. Some the new gun owners will decide they don't want everything or anything they bought. I think we're heading for a soft second hand market. Any new gun bans blow this thought clean out of the water as it will reinvigorate hoarding mentality.
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Old 09-12-2021, 05:24 PM
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I can tell you exactly when they're going to crash - the moment I overcome my inertia, and decide to get rid of mine.

Maybe I can recover some of my losses by telling people, for a price, right before I sell mine.

This subject reminds me of stocks; when someone tells me they know what the market will do, I grab my wallet tighter. But, with so many people guessing, somebody is going to be right, and then they'll be hailed as a guru, until the next thing comes along.
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Old 09-12-2021, 05:39 PM
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Originally Posted by brendonjames65 View Post
[...] Are the current gun prices here to stay? [...]
No. While a few months ago you'd have found more who would agree that I'm one of the older generation who is in denial, the two pinned & recessed S&W revolvers that I bought during the last couple of months were at prices that would have been attractive a few years ago. I paid the retailers' prices without dickering. We older guys have lived through a few politically motivated buying panics and know this one will pass just like the earlier ones did. When you see dealers' guns priced at double what you would have expected two years ago you are free to walk on past. Patience Grass Hopper.
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Old 09-12-2021, 05:46 PM
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I believe there may be a slight pull back in prices but the days of discounted Shields are over IMHO.

But itís also possible that prices may rise strictly from the current economic situation.


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Old 09-12-2021, 05:54 PM
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New, used, and classic are 3 different markets. It’s the market for classic p&r Smith revolvers that I ‘worry’ about, a better description is that I’m motivated to acquire a few pieces. The greatest generation loved revolvers, baby boomers love them now, but I don’t know how millennials feel about them.
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Old 09-12-2021, 05:57 PM
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I stopped buying firearms of any sort several years ago, so I canít comment on current pricing. I still shoot and the most important part of any firearm, Ammo has gone through the roof. 10 years ago, I was able to purchase .38 Special and .357 ammo from a established and trusted commercial reloading company at $10.00 per 50 rounds and .357 Magnum ammo at $13.00 per 50 rounds. I checked their pricing the other day and the 38 special was close to $40.00 per 50 rounds. I did not bother checking the .357 Magnum pricing. I donít know it the current prices a based-on overhead or greed. The worst part is I donít see ammo pricing coming down by much anytime soon
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Old 09-12-2021, 06:38 PM
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In my go to shop new guns are priced at MSRP. Used guns like older Smiths are caveat emptor. Ammo like 9mm is unobtainium. With fall here local hunters are desperate.
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Old 09-12-2021, 06:45 PM
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No one can predict the future. Prices of everything go up and down over time. My strategy is to get only what I need now, (or already had) and wait for another down cycle, while working to ensure that when that happens, I will have ready cash to take advantage of lower prices.
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Old 09-12-2021, 10:42 PM
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I haven't seen them drop since I bought my first revolver in 1974.I think they stay and rise.
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Old 09-12-2021, 11:09 PM
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I haven't seen them drop since I bought my first revolver in 1974.I think they stay and rise.
I totally agree. Iím one of the older generation and bought my first pistol in the early 70ís. I remember going to gun stores with my dad in the 50ís and 60ís and have never seen prices drop for any period of time. You might find what you are looking for on sale somewhere but as far as retail pricing, itíll continue to go up.

My philosophy, shop till you find a price youíre comfortable with. I may want a new toy but I donít have to have it, itís optional. Only essential items have to be bought no matter the price, food, medicine, housing. I wanted a new Python to replace the one I bought for $350 years ago and sold for $1,500. I refuse to pay over retail and always shop for a discount. I found a new 4Ē for $1,420 and I now own it. With few exceptions, no paying over retail. Be patient.

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Old 09-13-2021, 12:31 AM
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Quote:
Originally Posted by SLT223 View Post
Everything is cyclical. Just wait a few years. Some the new gun owners will decide they don't want everything or anything they bought. I think we're heading for a soft second hand market. Any new gun bans blow this thought clean out of the water as it will reinvigorate hoarding mentality.
Donít forget inflation.
Prices and demand will stay high regardless.
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Old 09-13-2021, 03:12 AM
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Buy low, sell high. Never take a loss. Always grab a bargain.
And Rule #1.....
Don't pay more than you reasonably expect the value will be in your lifetime.
(In other words, $1200 for a run-of-the-mill Model 60, like I saw not too long ago on a certain classified page someplace, is ridiculous. And this is after I paid $399 for one in the last year. You can do much better.)
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Old 09-13-2021, 03:31 AM
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I'm no prophet, but I went to a local gun show this past weekend, and was dismayed to see new plastic was at full retail plus, and it seemed anything in blue steel and walnut worth looking at was a thousand bucks, or more. Funny thing is a friend I went with, when we met for lunch at the show said the exact same thing as I was thinking. Seems a lot of guys were trying to get "panic prices" on their stuff.

Smart shopping will find lower prices, and popular ammo is starting to come down from recent highs, but I don't really see any big drops anytime soon, especially if there is another "crisis". The collector market will continue to roll to it's own beat, with maybe a softening on certain classics as the newer generations tastes change.

Larry

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Old 09-13-2021, 06:52 AM
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If current inflation is any indicator…..there is no going back. It only gets worse from here. Anyone who thinks things will get better is deluding themselves. I am buying now everything I can for the next generation. People talk about building generational wealth, I am building generational armament for the grand kids.
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Old 09-13-2021, 06:54 AM
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The Fed has dumped a ton of money into the economy, the result of that is a devaluing of every dollar in existence. The devaluing of the dollar equals inflation, basically, it takes more dollars now to purchase the same item that cost less dollars in the past. These inflationary pressures may be temporary, but odds are that at least a portion of the inflation will be permanent, especially since wages have also gone up. My prediction is that once demand returns to normal, assuming it does, then base prices will be 10 to 15% above what they were just before the pandemic.
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Old 09-13-2021, 09:31 AM
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I bought a new Colt Python in 1959 (#6306) for list price of $125. The inflation calculator says that today that is an $1,126.62 dollar cost. Not too far off the cost of a new one.

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Old 09-13-2021, 09:33 AM
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I'm 72 years old and have been shooting all my life , buying firearms , watching my Dad buy firearms ... watching prices since 1961 ...

These prices are not here to stay .... They will go up !
As sure as the Sun will rise tomorrow the prices will steadily climb ....
In Fact , twenty years from now they will seem dirt cheap ... the way inflation is headed prices will be at least twice what they are now .
Ask any firearms person over 60 ... they've seen it .
It wasn't long ago that a brick of 22 LR (500 rounds) was $9.99 any day of the week .
When inflation gets to the point that a loaf of bread cost $100.00 (think pre WWII Germany) the Government will emplode and the left take controll just like they say ...History Repeats Itself .
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Old 09-13-2021, 10:07 AM
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In 2016 prior to the election AR's ran near $1500 for a basic model if you could find them. They dropped to $500 in two years.
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Old 09-13-2021, 10:31 AM
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Iím in my mid 70ís and have always thought good guns cost to much.😁
As far as older S&Wís go, well, they donít make them anymore so yes they will continue to climb in price at different rates due to the fickle economy.
The new plastic, safety warnings, locks and other modern warts have made it a given that the classics will go higher.
But remember back in the Ď60ís people bought M28ís and M10ís because M27ís and M19ís were to much.
If you like one and can afford it, buy it. I for one think they will rise steadily over the years.
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Old 09-13-2021, 10:50 AM
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Firearms of all brands will not stabilize and will, as most everything else in this troubled world, only increase in price. Not too long ago, one could find an excellent used S&W Model 686 for $350-$450 tops and look at the prices now.
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Old 09-13-2021, 10:58 AM
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I think new gun prices will continue to drop a little, but hard-to-find, collectable and classic guns will keep increasing, perhaps at a slower rate.
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Old 09-13-2021, 11:06 AM
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The firearm and ammo markets are like a rollercoaster, much like gasoline. You watch the prices skyrocket to record highs and drop back down but the prices seldom drop to the level they were at before. The prices reflect supply and demand, every little hiccup in production or supply shortage and we see what we are seeing now. The firearms can be different on occasion, in the 70's, you could expect a price increase from Smith and Wesson and Colt, every year. I remember Colt would raise their prices ten percent but it grew exponentially each year with the increases from the previous years. Glock, on the other hand have actually gone down in price, when adjusted for inflation, due to competition. Once the currently manufactured firearms catch up with demand, I suspect that the prices will improve, to some degree. However, ammo may take a little longer, due to the increased demand of more shooters but the production will increase and and prices will improve.
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Old 09-13-2021, 01:30 PM
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Local ammo prices are dropping as supply increases; 9mm Win 100 round boxes at Bass Pro for $39.99 last week; plenty of 45acp, 40 S&W, and 5.56 on the shelves. Bought 300 Blackout Sub Sonic Hornady for $29.99 a box; haven't seen any of that for sale in a long time. Powder and primers available at the LGS although roughly double "old" prices but half the gun show asking prices. We appear to be on the edge of the end of the ammo shortage.

But I'm with the previous posters commenting on inflation. With trillions of dollars sloshing around in the economy and the Congress on the verge of borrowing and printing and spending another $4.5 trillion prices for everything will continue to rise. Specifically for guns, collectible pieces will likely rise faster than inflation and prices for the mass produced plastic stuff, barring political intervention, will rise with inflation.

But guns/ammo aren't stocks and generally aren't great investments. Buy them because you like them not because you think they'll make you rich.

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Old 09-13-2021, 01:38 PM
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Personally, I so not see the plastic prices being sustainable. At some point, the market will be over run with them. Actually it already is.

The people that put their money into yesterday's quality blue steel and walnut will not see prices drop like the composite guns. They are collectible, and they are not making any more
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Old 09-13-2021, 01:41 PM
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In 2016 prior to the election AR's ran near $1500 for a basic model if you could find them. They dropped to $500 in two years.
After the drop, I watched guys walking around the gunshows wondering why they couldn't get $1,000 out of their used DPMS or Bushmaster AR.
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Old 09-13-2021, 03:43 PM
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But itís not even close to what that 1959 version would sell for . . .

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I bought a new Colt Python in 1959 (#6306) for list price of $125. The inflation calculator says that today that is an $1,126.62 dollar cost. Not too far off the cost of a new one.

Stu
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Old 09-13-2021, 07:08 PM
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I find it pretty humorous when guys get all excited over the prices of guns and ammo when they are talking on $1000 phones and driving $60,000 trucks...
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Old 09-13-2021, 07:24 PM
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Interesting thread. I enjoyed reading everyone's thoughts.

I follow one segment: Chiefs Specials from 1950 through 2000.

My sources are two auction sites and two "guns for sale" sights.

I've come to two generalizations in the last year and a half. In the immediate post-Trump months there was a low point is offerings, and the prices were lofty. (The old economists "supply and demand" theory was hard at work.)

Since early this summer supply has been pretty good. The prices are still lofty because sellers have become greedy, and folks aren't shopping. They're paying 12-month-ago prices because it seems they're afraid they have to.

In the last week I've watched more than a handful of plain Jane Model 60s bring $700 and more.

I've been following one Model 60 as new in the box (gorgeous) that's sat untouched for $550 + $40 shipping. The saleman told me his consignee would take $540 out-the-door. Still it sits.

I'm not a shopper. If I need jeans or mayo or mustard I pay the going tariff at whichever store I'm in.

With Chiefs, though, I'm a shopper. There is no local Chiefs market so I hawk the online sites. It pays to shop around.
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Old 09-13-2021, 07:31 PM
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I find it pretty humorous when guys get all excited over the prices of guns and ammo when they are talking on $1000 phones and driving $60,000 trucks...
The new loaded electric ford F150 is 90K

Back in about 68 I bought a new Remington 700ADL in 22-250. I almost passed out paying 145.00 for it. Now I have spare triggers for trap guns that cost 2K.

Well, there are no more Perazzi trap guns in my future, or 90,000.00 trucks
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Old 09-13-2021, 09:19 PM
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Personally, I so not see the plastic prices being sustainable. At some point, the market will be over run with them. Actually it already is.

The people that put their money into yesterday's quality blue steel and walnut will not see prices drop like the composite guns. They are collectible, and they are not making any more
Yep. I keep a record of every gun bought and sold. In 2014 I bought a 95% 67Ė1 on gunbroker for $200. Now they go for $600. A 28-2 in 95% 2 years ago for $425. Now theyíre $800. A 19-2 for $249 in 99% condition 8 years ago. A 686 snub with Combat grips for $525, now they go for $900. Plastic guns go up in a panic when people want the latest and greatest, but always fall when the panic ends. I dearly regret selling the mint wheel guns I have. I still have some very nice ones and theyíre not going anywhere.
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Old 09-14-2021, 05:52 AM
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Quote:
Originally Posted by brendonjames65 View Post
Greetings,

The question I have, which really can be applied to every gun forum category here, is the following:

Are the current gun prices here to stay? ...
No, GT Distributors had 10/9/21 a bunch of S&W Model 64-7 HB used revolvers for $299.99 That price is actually lower than 2019 prices. New gun sale prices are down, but to about standard discount prices before the shortage. My local Shooters of Jacksonville, FL.

Geoff
Who notes used Glock 40 S&W Caliber pistol prices are down, 9 mm still up over the cost of new guns available at "Blue Label" prices to US Veterans.
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Old 09-17-2021, 03:16 PM
BigChief52 BigChief52 is offline
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Gun prices: are they here to stay? Gun prices: are they here to stay? Gun prices: are they here to stay? Gun prices: are they here to stay? Gun prices: are they here to stay?  
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I believe that the top of the line, most desirable S&W revolvers in pristine condition will continue to rise in value, but everything else will fall somewhat. I think that the majority of enthusiasts might be collectors to a degree, but mostly enjoy shooting and don't worry over every scratch or ding. The double whammy of sky high ammo prices combined with other economic pressures from inflation will dampen people's interest in vintage revolvers if they can't afford to shoot them.
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