We had just been to Sam's and bought a couple of bales of toilet paper before Covid blew up. We became instant Rockefeller's. I never thought my fortune would be made in toilet paper!
Ammo prices and heart palpitations...
- Thread starter Beemerguy53
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OP
I don't like these prices, but with all due respect, it's not "gouging". The free market is working as it always does when demand exceeds supply.
A guy on our local gun forum posted about some ammo he sold at a local auction house. He listed about $300 worth of ammo and it sold for nearly $1500. Even after giving the auction house 15% he netted over $1250 - around 4x what it all cost him a year or so ago.
With several thousand rounds of 22 in my stock - all bought at an average cost of around 5 cents a round - I'm seriously thinking about putting some in the auction myself. If people are happy to pay 5 or 6 times what I have into it, I have to admit to being sorely tempted.
With several thousand rounds of 22 in my stock - all bought at an average cost of around 5 cents a round - I'm seriously thinking about putting some in the auction myself. If people are happy to pay 5 or 6 times what I have into it, I have to admit to being sorely tempted.
I bought quite a bit of handgun ammo by the case from them the last 3 or 4 yrs before this happened. Good sellers and free ship. No tax back then either......
I'm RICH........and didn't even know it!
Larry
Me too!
If I sold all my 22, 9mm, 40, and 5.56 ammo I have I could probably buy a select fire Norell trigger pack for one of my 10/22's.
But then I wouldn't have any ammo for it.
At the local gun show yesterday, that brick was selling for $60. I undercut the guy and sold a couple at $55 . . .
Ackley1952
Member
The opposite of supply and demand as part of capitalism is socialism. Wonder how difficult getting ammo in Venezuela is ?
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John, you ole doomsday sooth sayer you, you just knew the end was near!!!!!
And to think your fortune just all went down the drain.
WuzzFuzz
mmb617
Member
I agree to a certain extent. I do think prices will come down eventually but I don't think they will ever be close to pre-panic levels. That box of 525 .22 rounds that I used to buy for $18 will never happen again, but $30 might.
Very good point to all who complain about the current market prices. I'd rather have the option of paying ridiculous prices if I wish than have no option to buy at any price.
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I find it hard just to find ammo during these snow covered days,
Some good marbles or rocks for my slingshot....But even the squirels and rabbits have hunkered down during the cold and snow. So hunting has been sort of slow.
And another thing, being old and poor and on a fixed income, I can't afford those high big box prices. So I've had to be content to go to some of the local estate auctions and have found lots and lots of .22 ammo for sale, but even there, the bidding prices have gone up to what I would consider tin can at the dump shooting prices for .22 ammo.
WuzzFuzz
Some good marbles or rocks for my slingshot....But even the squirels and rabbits have hunkered down during the cold and snow. So hunting has been sort of slow.
And another thing, being old and poor and on a fixed income, I can't afford those high big box prices. So I've had to be content to go to some of the local estate auctions and have found lots and lots of .22 ammo for sale, but even there, the bidding prices have gone up to what I would consider tin can at the dump shooting prices for .22 ammo.
WuzzFuzz
I have gotten into airguns. They are a lot of fun you can trick them out for less than 2 boxes of 9mm ammo ( current price). I made my own pellet trap, and there are no range fees in my basement.
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JcMack
Member
Ahhhh, the summer of 2019. There was still hope for the country and ammo had finally settled down from the previous shortage a few years back. I started reducing my meager firearms collection and concentrating on .22, .38 spec, 9mm and .45. Ammo was cheap enough I could almost use it for ballast in the back of the PU. So by luck more than planning I bought enough ammo to last me a while and longer. Probably the only luck I've had since Karen in highschool in '62.
Supposedly 7 million new gun owners last year. And the gun buying newbies ain't letting up. 7 million which each new owner buying (or trying to buy) 2 boxes of ammo equals 700,000,000 rounds just to satisfy new gun owners. Unless my cypherin is defunct.
Supposedly 7 million new gun owners last year. And the gun buying newbies ain't letting up. 7 million which each new owner buying (or trying to buy) 2 boxes of ammo equals 700,000,000 rounds just to satisfy new gun owners. Unless my cypherin is defunct.
Beemerguy understands free market economics
When was the last time you humped 2, 50 cal ammo cans of 45ACP across the backyard?? Glad I'm old, cause I'd not be able to do the daddy routine. Heavy cans make for slow moving crooks!
slickracer
Member
Makes me really think of selling 10 cases of .22 LR ammo acquired in 2019. Heck, I could just about buy a new vehicle with the profit.
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I've been thinking I might have a little ammo too sell at these unreal prices and make a little money. BUT what would I do with the money. I don't really need the money for food or lodging. Put the money in the bank and I think the way things are going inflation will eat it up. There isn't anything I can think of too buy that I had rather have than ammo so I think I will shoot some of my supply and keep some for when ammo gets really scarce. Larry
Jon651
Member
The ammo prices these days give new meaning to the old saying:
"He's not worth the price of a bullet!"
"He's not worth the price of a bullet!"
