$875.00 - how big a mistake did I make?

[robert1804]

Thanks for posting this. It makes me feel much better about some of the "expensive lesson" buying and selling I've done very recently. The $150 loss on trading in a so-so, recently purchased used Ruger SA .44 spc. on a new 586 4" blued classic is ok since the new Smith is an amazingly accurate, cosmetically and mechanically flawless gun. If that new 686+ looks and shoots well, a little over-pay on it will soon be forgotten.

 

[Camster]

Seriously? Not even worth thinking or worrying about.Sometimes you pay a little extra,sometimes you get a little break....What difference does it make? You're not needing to liquidate it tomorrow,are you?
I want to trade places with you,if this is your biggest concern right now.
The only thing that should be of concern is the condition,and you got a home run on that.

 

[ralph7]

I'll tell you a little story that should make you feel better.
I bought a Colt New Service from a guy walking around a gun show for $600. The barrel said .455 Eley and the face of the cylinder hadn't been faced for anything else. The action was loose, but hey, I had an unmolested .455 Eley!
Turns out later I see that someone had bored the chambers straight through, probably for .45 Colt, thus ruining the cylinder. To top it off, I had a gunsmith try and straighten out the action, and now it is worse than it was... a $600 paperweight!
Feel better??

 

[ISCS Yoda]

So many great comments - I'll try to reply to some.....

That's a shame, lol. I'm actually getting all antsy because my 686 Competitor should be arriving at my FFL tomorrow.

Yes, but you spent your money already anyway!

You didn't pay too much. You just bought it too early. Enjoy it.

That's my story and I'm sticking to it!

It is still less expensive than an ounce of gold and will appreciate in time, so dont feel too bad

Same story!

I don't know what auction house you are referring to but the one here in Dallas

Speaking of lessons learned, and in attempt to not disparage the auction house, or advertise it, I ensured that the hanging tag on the gun didn't show the website or it would reveal the auction house. So, let's just say I also live in Dallas and you can take it from there.....LESSONS LEARNED!

This next is funny.....

Look on the bright side. You only won just the one auction, could have been a helluva lot worse

YA THINK!!!!! I got reports every day of the outbids and I got REALLY nervous right close to the end thinking OMG!!! I really did NOT intend to spend that much money or buy that many guns. Then, day before the end, I was down to two guns, and then the one - WHEW!!!!

If that new 686+ looks and shoots well, a little over-pay on it will soon be forgotten

I agree - and I'm very excited to shoot it, it felt so nicely balanced when I held it! Besides, it's only a couple of years ago I think I paid 300 or 350 bucks for a 6" 586, so there's dollar averaging right there!

I hope it is a good sense of humor that is behind this thread

TOTALLY!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

[Wishoot]

Meh. You may of lost a few bucks, but you have a fantastic revolver in your hands.

Shoot it and you'll forget about the whole thing.

 

[ISCS Yoda]

OUCH! That Colt New Service story is PAINFUL!

As for this:

I want to trade places with you,if this is your biggest concern right now

In reality, at this very moment, yep, that's my biggest personal concern. And the concern is really over except for this fun discussion. I have virtually no issues that concern me in my life presently. No brag, just fact. Life is good. Tomorrow, who knows.....

Heck, last week I was on the Syria/Israel border, listening to artillery shells and heavy machine guns, watching the smoke and fire, and thinking, "26 years in the military - and I finally made it to a war zone!" That's where folks have some serious concerns but, here I am, fat, dumb, and happy in Dallas, with a new 686+. No complaints!

 

[jstanfield103]

Not a good deal but in a few years it will be and you will be happy and forget about what you paid for it. Shoot and enjoy.

 

[ISCS Yoda]

Shoot and enjoy.

GONNA!!!!!!!!!!!!!!!!

 

[smitholdtimer]

Buyers Premium Ripoff

Please explain why there is a buyers premium in addition to the percentage the Auction company receives from the seller. Personally my goal is to make any purchase as low as possible but with all the additional charges you need a calculator so you can figure your budget correctly. There is an auctioneer in this area that charges a buyers premium who asked me why I never came to his auctions and I told him he wouldn't see me as long as he continued to charge the buyers premium, he hasn't forsaken charging and he remains in business. I'm sure its just me and everyone else goes ahead and pays the premium without grumbling. I would suggest that if we all refused to participate in these overcharging events they would change their minds.

OP, You did get as nice revolver and may be the only mistake you made was participating being aware of the Gouging Overcharging Buyers Premium!

 

[kenv1950]

Anyone that says they never paid to much for a nice gun is like a farmer that says he never stepped in cow poop Nice gun, you'll enjoy it

 

[629shooter]

Enjoy your new 686. Its only $$$.

 

[g8rb8]

There are mistakes and then there are MISTAKES. You made a mistake. In the overall scheme of life if this is one of your bigger mistakes then you are a lucky person.

There are two large on-line auction sites that feature well-known gun auction businesses that typically charge in the low 20's % premium over the closing auction price. So, while the 25% premium is high, it is not crazy. I suspect you forgot to figure that in to your bid.

 

[chief38]

Yes you did overpay but many who bid on guns on auction sites do the same. In fact it's not just gun auctions - I see many many items on ebay that sell for way over what you can just buy them for new without bidding. People get caught up in the auction and in the heat of the moment get carried away and keep bidding. That's why people sell stuff on ebay! I have sold stuff there myself that simply amazed me at what someone paid for the item I was selling.

A few years back I upgraded most of my power tools and sold all my old stuff on ebay. Someone bought a Craftsman Jigsaw (one of the less expensive models at the time) that if memory serves I paid $20 bucks for in 1979 - new at Sears. I sold it for $55 plus freight and while it was in excellent shape it was used many times. Go figure..........

 

[damienph]

You didn't pay too much. You just bought it too early. Enjoy it.

I've over paid for a few guns that I really wanted. I wouldn't lose any sleep over a $100 or so. It won't be long and it will be worth more than what you paid.

Enjoy it!

 

[Frizzman]

I have never bought anything on an auction site and know nothing about that...But, the money is spent and you got a nice new revolver. One thing I have learned in over sixty years is to let go of the past and focus on today or you will ruin what you have here and now...Just enjoy it...I have frittered away more than that on numerous occasions for stuff I don't even remember.

 

[jdlii]

You paid enough that should put a smile on your face the first time you shoot your new Mod. 686!

That is all that matters! By the time you would have added sales tax and the background check fee from a LGS, your probably not far from breaking even. Enjoy it, shoot it and forget the price!

 

[Lightfoot4]

Been there, done that. But it's not too bad, and you'll soon forget it, so enjoy the gun.

High premiums are starting to become common on Internet auctions. When I'm bidding on items, I create a spreadsheet beforehand with all the premiums, fees, taxes, etc. calculated so I'll know the final price based on my bid. I was bidding on a beautiful Rem 700 last year that went beyond my budget, and what I thought it was worth, so I let it go. The final bid was right at a good deal, BEFORE the fees. The fees added another $130 to the price which made it a not so great a deal. I hope whoever won that bid knew that.

 

[loveaffair#686]

Ehhh, it's a great gun and you paid a bit too much. I wouldn't lose any sleep over it!

 

[Snowwolfe]

In twenty years you can brag over what you paid for it

 

[gwpercle]

Like Snowwolf said, in twenty years not only will you be able to brag about how much you paid, but will wonder why you didn't buy two .
Back in the 1960's I spent an exorbitant amount of money on a nearly new 1903-A3 Springfield rifle. All the foreign Military surplus sporters went for $20.00...but finding ammo was the problem, back then stuff like 7.5 Schmidt-Rubin was not to be found...but...30-06 was everywher. So I bit the bullet and paid the outrageous price of $60.00 for that Springfield.
And now I wish I had bought 10 or 100...what an investment that would have been.
Don't worry about paying a bit more now...it will all work out.
So how does it shoot?
Gary