3rd Generation prices in freefall?

I see on GB there's a 6904 for sale. The seller's in Connecticut and he points out that the pistol can't be sold legally in his state. He has to go "outside." He also says that he can't sell to California.
This example may be a good test case.
The auction started on the 19th. There have been 26 bids and the current high is only $270.
I'll be interested what price it'll fetch.
 
I'm in Massachusetts which is just a sad place to be. I think everything is climbing here because you can get so little into this state. You're just marking up and selling to someone else who holds for a few years and then sells at another profit. I jumped on a nice 1006 for just under $700. I had been looking for one for years. I complained about paying $585 for a Colt Mustang 5-6 yrs ago but I could sell for 1,000 now.

Shop I bought my first gun in no longer carries new because he can carry less than 80% of what's on the market because he's in Massachusetts.
 
What's your opinion?
With all the new restrictions on semi-autos in blue states, are we seeing a large segment of the potential buying public being shut out of the marketplace thereby creating a greater supply available to the rest of us?
Or will the prohibitions create an underground or black market in the blue states?
Agencies love to spend money on new equipment and I'm unaware of any restrictions on the disposition of obsolete inventory to otherwise unfettered (red) states.
So are we about to enter a new "Golden Age" or just darker times?
I suppose this could go in the 2nd Amendment Forum, but I think it affects the semi-auto market more.
Your thoughts, please.
John


Business major here!:D

Anyways, firearms are an interesting product to evaluate in terms of prices.Why? Because the same exact product can sell for wildly different prices due to local demographics, attitudes, and laws.

Example-in Illinois 3rd Gen Smiths were common but also incongruously expensive. Why? Because the cost of doing business in an anti-gun state is passed on to the consumer. Up here in South Dakota, S&W guns don't come up for sale very often-but when they do , the prices tend to be reasonable.

Anti-gun states with rosters are a whole 'nother kettle of fish , economically speaking. What's happened in those states is that the government has created an artificial shortage by "banning" access to most customers. I may have to fork over $600 for a 5906 due to transfer fees, but at least I have the option. A gunny in CA is screwed unless he joins the police ,or runs across one on consignment-in which case, he either pays the asking price or "forever holds his peace".

Then there's uncertainty regarding laws and the impact thereof. We saw that on a national scale in late 2012- folks were buying guns en masse because no one knew what to expect, and its better to have and not need the to need and not be legally able to "get".
 
Business major here!:D

Anyways, firearms are an interesting product to evaluate in terms of prices.Why? Because the same exact product can sell for wildly different prices due to local demographics, attitudes, and laws.

Example-in Illinois 3rd Gen Smiths were common but also incongruously expensive. Why? Because the cost of doing business in an anti-gun state is passed on to the consumer. Up here in South Dakota, S&W guns don't come up for sale very often-but when they do , the prices tend to be reasonable.

Anti-gun states with rosters are a whole 'nother kettle of fish , economically speaking. What's happened in those states is that the government has created an artificial shortage by "banning" access to most customers. I may have to fork over $600 for a 5906 due to transfer fees, but at least I have the option. A gunny in CA is screwed unless he joins the police ,or runs across one on consignment-in which case, he either pays the asking price or "forever holds his peace".

Then there's uncertainty regarding laws and the impact thereof. We saw that on a national scale in late 2012- folks were buying guns en masse because no one knew what to expect, and its better to have and not need the to need and not be legally able to "get".

You forgot to mention that I live in Illinois and regularly hunt 3rd Gens too!;) :D
Dale
 
You forgot to mention that I live in Illinois and regularly hunt 3rd Gens too!;) :D
Dale

Having any luck down south there ?? A friend of mine just told me about a 1006 in a shop in Rockford for $1700.00 .

FWIW cdnn has 4046s unissued for 450 and the issued ones I think for 400 this weekend.
 
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The 4046 is a strange topic. I have been hunting mint condition 4046 and 4043 TSWs for a long, long, time. I saw one on GB recently, but it was a TOTAL beater. I can't remember what it was listed at, but it apparently wasn't priced to sell. I cannot find one of each in MINT condition. That said, I will be prepared to pay a premium when I find them.

I have paid more for 3rd gennies than most of the handguns I own. My most expensive handgun? You guessed it.....an unfired WVSP 4566TSW. I paid $1500 for that bugger. Would I do it again? Yep. Paid almost $900 for a mint condition 4566TSW, almost $850 for a mint condition 4563TSW, almost $800 for a mint condition 5906TSW, almost $800 for a mint condition 5903TSW.....I could keep going, but you get the idea.

Price/value are all in the mind of the beholder. Someone might look at that list and think "There is no way I would pay that". Maybe you wouldn't, but I would (and did) for mint condition. I am a big time condition dependant buyer. It is all about the condition for me.

One of my favorite sayings that I repeat here frequently is:

"It is only too expensive if you won't pay it"
 
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FWIW cdnn has 4046s unissued for 450 and the issued ones I think for 400 this weekend.

The unissued for 450 and issued for 299 has been on my mind but I don't want to get into another caliber. I stick to 9mm and 45cal. but these are good buys if you like DAO.
If I hadn't quit buying any more I would........... I can quit anytime I want to. I have done it lots of times.:D
 
Free fall . . . right. :rolleyes:

I'll remember that when I'm at the Ventura County Gun Show a week from today and maybe see one or two 3rd Gens (in the whole show) worth owning for prices that many of you outside of California would choke on. ;)

I'll also keep it in mind when I see one in really nice condition at one of the few gun shops left in Southern California, where it will run $495 on up, depending on model and condition (and if it's a hi-cap model it may not come with any magazines :eek:). Oh, don't forget the $35 California DROS (background and registration fee), 8% sales tax nor the price of the gun lock that must be purchased with each and every handgun sold in the state. Wow, that OTD price sure is climbing, ain't it? ;)
 
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Uh, around here, a 5906.....when you see one (which isn't often).... is now $600 minimum. I looked at an early 5906 in a LGS, last weekend, in very much less than perfect shape, priced at $650.

I very much agree that the prices of 3rd gens, in general, are climbing steadily. They are HERE, at any rate.

I agree totally I have been watching gunbroker for a 5903 or a 5906 and good example of either are almost always north of 550 or more. Thou the Dao 5946 can be had for a much more modest price.
 
the biggest gun store here in houston typically has several 3rd gens in stock.but they are expensive. When i bought my 4513tsw it was about 700.They sell it for over 900 used.
 
I love how on the first page of this board we have a "prices are in freefall on 3rd Gens" thread and a "I can't stand the prices of 3rd Gens anymore" thread. Complete opposite ends of the spectrum.
My thought exactly when I read this thread title. Pricing is what the market will bear. Plain and simple. Its called free markets at work.
 
When I was lurking on this site after I bought my 4506-1 in 2012. My first handgun purchase at the age of 26 I only was lurking for info on my firearm. I guess it must be inherited once you buy a 3rd gen because I was on the hunt for a 5906. Found one back in march for 300 in great shape, but ended up trading for something else. I regretted that after 3 months. On the hunt again for any 3rd gen, but plan on vacuum packing and stashing them away for my children to enjoy and pass on.
 
You gentlemen are aware that there is a Presidential election approaching, right? I predict another shortage looming on the horizon, look who wants to run.

I'd suggest that if you see a 3rd gen you like and you can afford it, don't let it get away.


Cat
 
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