Confessions of a gouger

[FishingPilot]

There is a local guy near me loading/selling ammo. He wants $175 for 750 rounds of FMJ 124gr. 9mm, with ammo can/box.

$0.24 a round with some type of ammo can/box doesn't sound too bad.
Be careful buying ammo reloaded by someone else. Not saying it's bad, but ask some questions.

Also, can you sell reloads like that without some type of FFL? I've been told by some guys at the skeet club that you needed a FFL. I've never bothered to research it though.

Answered my own question:
Q: Is a license required to engage in the business of selling small arms ammunition?
No. A license is not required for a dealer in ammunition only, but a manufacturer or an importer of ammunition must be licensed.

[18 U.S.C. 922 (a)(1)(B)]


Q: Is a person who reloads ammunition required to be licensed as a manufacturer?
Yes, if the person engages in the business of selling or distributing reloads for the purpose of livelihood and profit. No, if the person reloads only for personal use.

[18 U.S.C. 922(a) (i) and 923(a), 27 CFR 478.41]

 

[Jswiney9]

I just think its hilarious that people are actually paying these prices, since this gouging thing started I have bought 5 magazines for 2 different black rifles. I spent 18 bucks ONLINE for 3 AR-15 magazines and 19 dollars for 2 ar15-22 magazines from black dog machine. The mags arent hard to still find if you look around a bit. not EVERYONE is out of stock.

 

[Sprefix]

I think I got it

Make two quotes and copy and paste each one into those seperate quotes. Is that the answer to your question?

Actually, you click the box with the quotation mark in it on each of the posts you want to quote instead of the "quote" button. Then, click the "reply" button. All those posts you clicked will show up in your reply text box. Querstion answered!

THANKS!!!! Learn something new each day!!

 

[dcxplant]

Like it or not, it's a bit hypocritical to say Freedom on 2nd A , but complain about the other basic tenant of this country: free enterprise.

Don't like the price? Don't buy. Scarcity is the #1 driver of commerce pricing and like it or not, without scarcity giving an incentive for entrants to a market, there would be no products.

Availability at high prices during peaks of scarcity beat no availability at all.

-------edit--------
So it's six months into this crazy panic buying of ammo, and I'm really tired of it. I have now reached my personal "do not go below" ammo supply and cannot go shooting again until I get more.

I simply REFUSE to buy at hyper inflated prices. I will NOT buy from those that hang out morning noon and night at stores to buy up the supply and resell on websites.

The manufacturers are beginning to catch up according to many sources, and yet the shelves are still manly empty. Which means folks are buying up everything in sight and reselling it.

I stand by my original post, I firmly believe in the free market forces that bring new entrants but what is going on now is just crazy.

We should all bite the bullet (har har) and boycott all those retailers and individuals selling at ridiculous markups. I am.

 

[C.S.63]

I got caught in 2008 with a very limited supply of primers, Not this time!
Only Item that I neglected was extended capacity 10-22 mags, I guess factory mags will have to do!

Then again I Figure the price 22LR is selling for I will be able to trade for a SOCOM real soon!! I could even through in a 10-22 and a dozen mags.
Who would have thought?
Back in the 90s a fellow in I worked with stated the easiest ammunition to put a choke hold on was 22 LR and look now

 

[A10]

Dang.....late to the party again! Oh, well........

I am in favor of making money. If someone is willing to pay the price you are asking for something, good for you! Otherwise there is always negotiation.

BTW, I still have a DPMS for sale for $15,000............go big or go home!

 

[Old Seabee]

Gouging

Like the Gun / ammo & stock market it is soley driven by fear & greed

 

[R. G. Amos]

I've been in the stock market for years. My motivation is return on investment (profit) in order to insure my and my family's future security. I am neither fearful nor greedy. All of this complaining and sermonizing about others profiting from the current market conditions smacks heavily of 'sour grapes'.

 

[Squarebutt]

I believe the OP said he sold his goods on Gunbroker. If he sold through the regular auction process, the bidders set the prices. It's a free market.

 

[pharmer]

I've confessed to "selling into the market" before. I bought 27 (500rd) cases of WWB 115 gr FMJ from Bass pro around 2005 for $1100. A couple years later, when the last panic hit, I sold 10 of said cases for $150 each. I've still got 1500 rds of the "free" ammo. But I have also restocked with Federal 1K rd cases of the same FMJ at a little over $129/ case. I am much more pessimistic toward the long term prospects so unless it goes to $3/ rd, I'm keeping what I have. I know I won't get any "free" ammo this time but that doesn't seem important at the moment. Joe

 

[Muddyboot]

I believe the OP said he sold his goods on Gunbroker. If he sold through the regular auction process, the bidders set the prices. It's a free market.

That's what I'm doing and will continue to do, I sold 250 rounds of 6.8 SPC to someone yesterday, ( for a nice profit) and he seemed very happy to get it.....My run of fear & greed continues with great sucess.....

 

[dcxplant]

Well, I just took a heaping spoonful of my own medicine!

I just paid $50 bucks APIECE for FNX 40 mags

....but I got them

Pure unobtanium I tell 'ya....

 

[Ethang]

Unless he held a gun to the buyers head nobody forced them to pay the panic prices. Anybody who did not foresee this climate had their head in the sand. I only wish I had more disposable income to have bought more when it was cheap.

 

[Coaltminer]

Well, gents and ladies, after reading these posts, I don't think the smoke will clear. When prices go up, they stay up, no? I'm not looking for gasoline or groceries to come down, either. Pessimism, nope, reality.

 

[Sprefix]

Doh!!

Like it or not, it's a bit hypocritical to say Freedom on 2nd A , but complain about the other basic tenant of this country: free enterprise.

Don't like the price? Don't buy. Scarcity is the #1 driver of commerce pricing and like it or not, without scarcity giving an incentive for entrants to a market, there would be no products.

Availability at high prices during peaks of scarcity beat no availability at all.

So here you come with a no-nonsense statement of fact.........

 

[charlie sherrill]

One of my retirement projects was to brace up my ammo shelves in the man cave. It was sagging in the middle, especially since 2008, so I jacked it up with a bottle jack until it was level, and as I was nailing on the brace the whole darn thing just came apart. It sounded like an explosion with pine wood flying everywhere. That was two days ago. I'm almost finished with the new shelves. I'm making them out of deck board and 2X4's and screwing them into the wall studs. I should finish it tomorrow before the game starts. This one ain't going anywhere. I will also have my stuff better organized. I found some stuff I forgot I had. I have nothing for sale.

 

[richeyo2]

I agree w/free market & if people are willing to or can afford to pay crazy prices I'm fine w/that....What I disagree w/is people or LGS's hanging out at Wallywords or major retailers on truck day & buying up everything they have to sell for a profit or stock there store shelfs. I think that is wrong. Just my two cents.

 

[Faulkner]

Question: What do a 'gouger' and a 'hoarder' have in common?

Answer: They are names that those who got caught unprepared call those who did not.

 

[User Name]

If gougers want to gouge let them. I was unprepared but I've done well for myself. In the course of about a month and a half I've gone from having zilch to having plenty. I've bought several handguns and rifles all at good prices ?for before the craziness. I've also bought hundreds of rounds of 9mm, about 3 thousand of 22 and about 100 of 308 all at normal retail prices. If I can do it so can anyone else. Don't like gougers? Don't buy from them. A little patience and hardwork and you'll end up with positive results without crying about gougers!

 

[blujax01]

...I bought a $16 box of ammo for $28. (I peeled the new price tag off and saw the old price). ....

Uh, no. It used to be a $16 box of ammo.

You bought a $28 box of ammo.

Why do folks try to make this harder than it is?