Did used gun prices skyrocket?

[roundgunner]

While at a bowling pin match yesterday a friend was showing me a very nice antique Colt 38-40 SA. When I asked what he paid I was shocked! 7K! His brother laughed at my expression and asked when was the last time I looked at a used gun...I know apples and oranges but WOW!

Well it has been a while. I don't want to sell any but I have a bunch that I haven't shot in over 10 years probably.

Just for grins has anyone bought or sold any of these in the last year? I bet I have 5 more that haven't seen the sun in a while.

625-10

25-2

325 Thunder Ranch

64-2

60-9 In 357

 

[Protocall_Design]

Most of the quality revos are around 800 - 1200 now. The same ones used to be in the 250 - 600 range a few years ago. 7K is well out of my price range for any handgun.

 

[mrcvs]

What was the condition of that revolver and was it a special order such as a Target Model or Long Flute Model?

I bought this Colt Single Action Army revolver, also in .38-40, in July. Maybe condition is not the greatest, but it cost me $1725 shipped. I wanted it because it is antique and has a 7 1/2” barrel and is in .38-40. A combination that is, at the very least, unusual.

Also, to get what I did at the price I did—you have to be a bit of a horse trader.

 

[mauser9]

Great to have a SSA Colt especially from the 1800s. Have heard revolvers have really increased in price lately and like stated above the older stuff cost a premium. Collector interest has increased greatly I have read. Even with crazy inflation on everything.

 

[SS336]

Did used gun prices skyrocket?

Yes, I think they, as well as everything else has.
Going to a gunshow isn’t as much fun as it used to be. Gun shops are real crazy too. Our hobby is not the same as it used to be and sadly probably will not be again.

 

[two-bit cowboy]

A very nice early 1996 (first year) Model 60-9 in the box with paperwork sold last night for $755 + shipping and tax.

 

[madmikeb]

I was at the Augusta, ME gunshow last weekend and there was a 325 Thunder Ranch, mint, with moonclips, original gun case, paperwork and a mooning tool for $1200. I would have been all over it but the seller didn't take credit cards and since it was Saturday afternoon the banks were closed so I had no way to lay my hands on cash.

 

[mrcvs]

Did used gun prices skyrocket?

Yes, I think they, as well as everything else has.
Going to a gunshow isn’t as much fun as it used to be. Gun shops are real crazy too. Our hobby is not the same as it used to be and sadly probably will not be again.

Not sure about that. Just aren’t as many 20 to 50 year olds interested in this stuff as 50 to 80+. Check back in 30 years.

 

[stansdds]

Gun, ammo, and reloading component prices skyrocketed during the panicdemic of 2020-21. Prices have come down a little, but with the high inflation of 2021-22, prices are never going back to what they were years ago.

 

[smoothshooter]

The name Colt adds a lot to the value of a gun, especially an antique. 7K does sound pretty high for a gun like that unless there is something REALLY special about it.

The price of nearly all non-polymer pistols has pretty much doubled. The de-value ( inflation ) of the dollar of about 35% to 40% over the last couple of years has taken it’s toll too.

 

[JH1951]

Not sure about that. Just aren’t as many 20 to 50 year olds interested in this stuff as 50 to 80+. Check back in 30 years.

It is likely true that the majority of collectors are today a bit long in the tooth..... Just look around at gunshows that do not specialize in beef jerky and black guns; most of us have gray hair (what's left of it). That being said, from personal experience, I can say that there is a big difference between pre-Covid and post-Covid prices. In my area of interest it seems things have almost doubled (asking prices, anyway) for pieces that are in truly collectible (meaning quite nice) condition.

 

[smoothshooter]

I expect the bottom to drop out of the collectible gun market in 10 to 15 years as us older guys die off or lose mobility or eyesight.
Most millennials and younger do not have the interest in wood-stocked and old design guns that we do. They want plastic tactical.
And for those who do want to shoot, lack of access to a fun place to do so ( not an indoor range ) or hunt is more of a problem every year.

 

[StrawHat]

..

Just for grins has anyone bought or sold any of these in the last year? I bet I have 5 more that haven't seen the sun in a while.

625-10

25-2

325 Thunder Ranch

64-2

60-9 In 357

Your Model 25-2 has been modified by the addition of the ports. It did not come that way from the factory. If you were to offer it to me, I would expect to pay $700-$800, IF the rear sight is still available.

Kevin

 

[roundgunner]

What was the condition of that revolver and was it a special order such as a Target Model or Long Flute Model?

I bought this Colt Single Action Army revolver, also in .38-40, in July. Maybe condition is not the greatest, but it cost me $1725 shipped. I wanted it because it is antique and has a 7 1/2” barrel and is in .38-40. A combination that is, at the very least, unusual.

Also, to get what I did at the price I did—you have to be a bit of a horse trader.

I will try to get the info on it. I just wanted to put it down before I bumped it into something.

 

[Mike SC Hunter]

Personally I'll buy 2 Smiths/2 Rugers/ or 2 others.........Before paying the jacked upped over rated price of a Colt.......And I own some Colts from way back.

 

[roundgunner]

Not sure about that. Just aren’t as many 20 to 50 year olds interested in this stuff as 50 to 80+. Check back in 30 years.

30 years my grand kids will own all my stuff

 

[zeke]

For some reason got on GunsAmerica.com today, and saw a 696 for $1700.
My prediction earlier this year about revolver prices going down as collectors aged out was way off base, or too early.

 

[mrcvs]

I will try to get the info on it. I just wanted to put it down before I bumped it into something.

Okay, so you have it in hand. A photograph is worth a thousand words.

 

[rincar]

During Covid all Firearms and related items increased in price. Sometimes to a incredulous amount.

 

[Moo Moo]

Prices in Australia, for new and used guns, has doubled in the last 4 years in the rifle and shotgun category. This is especially so with Lever-actions. Handguns are a different beast due to our complicated and onerous laws. There seems to be a bit of a glut of Beretta 92's and S&W 6" 686's on the used market at the moment.