Triple Lock Revolvers Against Creditcard Debt

Triplelockshooter · Jul 7, 2025

This is my first post I can remember placing. That may be incorrect as I forget a good deal and according to my family I am "wrong all the time." Sound familiar?

I do have four, yes, four. Triple lock S&W revolvers. one in 45 webly convered and returned by the brits-blued/nice, two 44spl nickle 6.5 bbl guns look poor on the exterior but have good lockwork and bores, and finally a 45 colt/long colt with a 6.5 bbl restored by either a gold or brass finished cylinder and barrel-all purchased for under $350 each back in the 1990s.

Now to my dilemma -Should I I sell them to pay off part of a $20K credit card bill? What are they worth? They are very hard to find comparables and they shoot so well. This makes me loose sleep and thought.

AlHunt · Jul 7, 2025

Triplelockshooter said:
Now to my dilemma -Should I I sell them to pay off part of a $20K credit card bill?

Of course. The cc debt is escalating faster than the value of the revolvers.

The sooner, the better

quinn · Jul 7, 2025

Unless you are planning a string of bank heists, I would agree with AlHunt on this. CC debt is a killer. Once you get that paid off you can acquire new TLs. JMHO

kadams · Jul 7, 2025

be done with the debt, you will never get ahead of high interest you can buy yourself a nice new piece with the money you will save!

merl67 · Jul 7, 2025

Yes sell them, and anything else you don't need. I personally did not start collecting until everything was paid off. I am not anti credit card I have a Cabelas mastercard, but it is zeroed out each month no exceptions. Good luck with it.

old bear · Jul 7, 2025

Sell the guns and pay off the damn credit cars!!!

Eddie Southgate · Jul 7, 2025

Get out from under the credit card debt. The TL's won't do it but they will knock it down a chunk. Probably won't get a whole lot for the .45 with the plated cylinder and barrel but anything helps when you owe that much on a card. Cancel the card if you haven't already.

Smithpride · Jul 7, 2025

I’d lose way more sleep over the credit card debt than I would by not having the TLs.

Mike SC Hunter · Jul 7, 2025

Then...........Cut the CC up into small pieces and trash it.

Tijeras_Slim · Jul 7, 2025

I had a business failure in the 80’s. I learned that if you’re not wealthy, having no debt is the best. Worrying about money is one of the most dehumanizing things you can do to yourself.

Truckman · Jul 7, 2025

I don't have any Triplelocks...

But I use credit cards to pay for everything that does not offer a lower price for cash...My credit cards have no annual fee and they all pay me a percentage of what I charge...I pay the balance off monthly...I haven't carried a balance forward in decades...

I still want a Triplelock...

...Ben

Timothy2700 · Jul 7, 2025

What everyone said.
And in case you are looking for more financial guidance, check out/ google Dave Ramsey’s radio shows, podcasts, website etc.
Down to earth and a logical progression of steps to quit digging that hole deeper.
And maybe post pics of those triple locks….perhaps some could weigh in on ballpark prices for you.

Baltimoreed11754 · Jul 7, 2025

Check out Caleb Hammer’s show too. CC debt will kill your future. Good luck.

JH1951 · Jul 7, 2025

Been there - Pay off the CC, then destroy it . The hard part for me was next , living within my means...... CC debt will eat you alive unless you get rid of it. You will be a much happier person in the end not carrying that debt. You can always rebuild a collection.

Eddie Southgate · Jul 7, 2025

If you have to borrow money and have decent credit it is cheaper in the long run to get a fixed rate personal loan at the bank. I had 5 cards at one time with the smallest limit at $15,000 and the largest was $35,000 and they kept offering me an bigger line of credit . When I took them I got them at 5.7 and 7.5 % fixed and I made money with them . Gradually over several years they each sold the account and the new issuing company wanted to make the account variable so as they did I closed the account . Finally got down to the two and I had quit using them so I canceled both and they still send me offers after I cut them off 10 years ago. Credit cards and Insurance are the two biggest rackets going .

sophie · Jul 8, 2025

I would definitely do whatever necessary to pay off the credit card debt.
Get rid of the credit card once the debt is paid.
End of story.

BC38 · Jul 8, 2025

Credit card debt is the Devil. If you don't properly control it, then it will control you. Credit card interest rates and minimum payment terms are specifically designed to put you into debt and KEEP you in debt FOREVER.
When we got married almost 40 years ago, my wife and I made a commitment to each other that we would NEVER charge anything on a credit card that we couldn't pay off at the end of the month. If we couldn't afford to pay cash for it, we didn't put it on a credit card.
We've never carried a balance over or paid any interest on our credit cards for nearly 40 years.
That's not to say that we don't use credit cards. We do. We charge $2000-$4000 a month on our cards. We use them for gas, groceries, and many of our other purchases. BUT we always make sure that we have the money to pay off anything and everything we pay for with credit every month. If we don't, we don't just "charge" it. We wait until we have the money to make the purchase.
That means we're using the credit card company's money, interest free, for up to 30 days at a time, but since we pay off the balance before any interest comes due, it doesn't cost us anything to use the cards. In fact, we earn the annual maximum cash-back bonus on a couple of our cards every year. So they are actually paying US to use their money - interest free.
So, my advice would be that, if you can sell some guns - or anything else - to raise the cash to pay off the $20k in credit card debt, DO IT!
Once you are freed from credit card debt (and the ridiculous interest rates they charge) THEN you will be in a position to start managing your money instead of letting your money (and debt) mange you.
JMO, and YMMV....

P.S. List your triple-locks in the classified section of this form. You'll attract buyers that really understand and appreciate them for what they are, and you'll probably get a good price for them.

greenwellg · Jul 8, 2025

A long time ago I owned two triple locks but they both were just about worn slam out, so I got rid of them. Also got rid of all long term debt and learned the art of growing assets. A lifetime of manual labor has taken it's toll on my close to 75 year old body. Got married late in life to a woman who used to be my next door neighbor when we were teenagers. She is almost 5 years older than me and at times can be a real pain in the #$%^^, but we have become "institutionalized" as Morgan Freeman said in the Shawshank Redemption

. She has a nice pension from state employment that covered our expenses while I worked without wages for 3 years building home equity that allowed me to buy a new car with cash and she bought a condo with the house payments she did not make for 33 years.
I might be able to help you with your problem but then I would have to get some 44 special ammunition and my older brother who died in 2022 was the father of all reloaders, once bought a 55 gallon drum of wheel weights that weighed 3300 pounds. Sadly his wife who decided I was the worst person on planet earth sold all his stuff when she was desperate for cash when he passed. It probably cost her $50k to do that since I was sitting on a significant amount of money. While you were hocking cheap triple locks, I was making $100 an hour tax free building houses to flip, No debt of any kind in 34 years means you accumulate a significant amount of capital and the last house sold for $430k with none of it going toward any debt obligations or tax agencies. It now sits in CD's at one of the same banks that charges you interest pays me money to loan it to you.
I have $13k sitting in a Charles Schwab account that could be used to buy an excellent original 44 special triple lock. Maybe it needs to go to something I have coveted for 4 decades, who knows? Then you might get to enjoy the return on your "investment" My problem is I like money more than guns, but compromises are always a possibility.
I live in Virginia LOL.

clang444 · Jul 8, 2025

OP - just in case you haven’t calculated it, $20K credit card debt is probably costing you almost $4K a year in interest payments or over $300 a month just to carry the debt. That’s money going out the door every month that gets you nothing and doesn’t even help pay down the debt.

Do what you have to to get out of credit card debt and NEVER get back in. Sell whatever you can, get a job delivering pizza at night and eat frugally at home until the debt is paid off. Give a listen to the Dave Ramsey show for advise and inspiration.

sousana · Jul 8, 2025

Truckman said:
I don't have any Triplelocks...

But I use credit cards to pay for everything that does not offer a lower price for cash...My credit cards have no annual fee and they all pay me a percentage of what I charge...I pay the balance off monthly...I haven't carried a balance forward in decades...

I still want a Triplelock......Ben

Truck man on the ball. After I retired from the Navy, went to Nursing school, I got me an AMEX card, put 100% of monthly bills on it, paid cash for nothing, but at the end of the month I paid it off. Now, I'm nearly 6#, nearly 23 years after retiring, still do the same except the AMEX isn't green anymore, and I've got rewards enough that the wife and I take an annual 3 week cruise AND 2 weeks in a nice hotel away from home and office.

I say, pay off your cards. If your contemplating cards, get one that pays you, pay it in full monthly and enjoy paid vacations.

Triple Lock Revolvers Against Creditcard Debt

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