Are Prices on Used S&Ws Dropping?

[fyimo]

I really haven't seen a drop in prices locally or a slowing down in purchases. Most of the pawn shops around here are asking top dollar and the gun and they are flying off of their shelves. I've seen some slowing down on Gunbroker (prices always at the top end) and here in the forum classified.

I personally think that the gun market will slow down in the near future as the surge of gun buys by new owners fills up the void. I think black rifles and high cap semi auto's will stay hot for a while.

 

[CAJUNLAWYER]

Originally posted by Revolver_King:
Dick any gun is doing better then the stock market right now.

My dog is doing better than the stock market right now

 

[oneforall]

Before this past holiday, i saw a NIB PC327 with everything from the factory( even the warrenty and unopened the fired empty shell casing) for sell at my local gunshop for $899, I played with the gun and love it but i thought it was too much $, it sat there for three month, i just bought her home 3 weeks ago for $775 OTD. Yes, the market has cooled somewhat.

 

[Bekeart]

No decline in prices of S&W shooters seen in western Kentucky shops.

Revolvers that had been in stock for some months are now selling at the older marked prices - without any discounts.

Strong sales at Hopkinsville show weekend before last. Attendees were BUYING!



Bekeart

 

[Bullseye Smith]

Originally posted by rburg:
We've never really defined the proper terms here, but one that applies are "collector grade" or "Investment grade". To me they seem a bit different. With significantly more rarity attached to the investment guns.

But what I'm trying to get to is the idea that the cream of the corp guns have skyrocketed in price. They don't just remain there, they are accelerating upward. The collector grade guns, the ones in great condition, often described as "As new in box", still command the same lofty prices. Then we have the prewar guns which took a huge leap a while back. Those, even the common guns in nice shape aren't easy to locate, and when you do, you throw down a bundle.

Just which S&Ws are going down in price? Maybe the red headed stepchild? Those always used to be the Victory models, followed by the M10s no one wanted. Seen any in good shape for less than $400 recently? I remember when street sales here in KY were thick with corroded ones or cut down barrel guns for under $100. We're not talking 20 years ago, we're talking 10 years ago.

Hint: M&Ps are doing better than your 401k, and surely better than your bank stocks, automotive stocks, not to mention Enron, Worldcomm, or the other, formerly great investments, Fanny and Freddie. Sorry if you owned any of those star performers. An as new in box prewar k22 has some appeal.

Dick is right, my money that I have paid for my collection has doubled, there no bank doing that

.

 

[twogunjay]

Originally posted by Photoman44:
Everyone is spending all their money of black rifles and ammo right now. The S&W market, where I am, has slowed a bit but prices haven't changed that much.

ditto.....that's been the trend around here. black rifles, pistols, high caps, and ammo....not so much S&W revolvers lately. I have seen some drop in prices but it seems a little more lack of interest. I know money is tight for lots of folks as well, but the gun shows are still packed.

 

[animalmother]

If and when they do in my area, I will be buying some more guns.

 

[carguychris]

Originally posted by Photoman44:
Everyone is spending all their money of black rifles and ammo right now. The S&W market, where I am, has slowed a bit but prices haven't changed that much.

+1 from the same state.

My observation is that S&W prices went up in 2007 to mid-2008 and have stayed put.

 

[special44]

No ! A dealer here in E. KY told me he can't get
pistols Smith & Wesson, or otherwise, nor handgun ammo either. Used prices are fairly prohibitive.

 

[45Wheelgun]

At the OGCA show this weekend, S&W's were very high. $700-1000 for any N-Frame, K-Frames $500-750. There were many "mark downs" on Sunday, so I think that means nothing sold on Saturday. Didn't seem to be moving at the new "low" price either. I went with a significant budget to bring home some S&W's home with me. I returned empty handed. I did spend some money on a rifle.

 

[GSP Fan]

A very clean M19-3 blued 4inch barrel with Rosewood grips and the box sold on Gunbroker this week for $1525. Add sales tax and shipping and you have $1650 or so in it. On the opposite end of the spectrum was a M19-4 Nickel also a 4 inch barrel with some scratches but a nice gun all the same was at $899 with no bids.

 

[GT_80]

They have gone up about 50-60% in my area, and I haven't seen them come down yet. Crappy beat up model 36's running around $600-700 when they were $299-399 a year and a half ago. Other models like 617 and older .38 specials like model 15's seem to have gone up from like $599-699 or $799 or $999 for average models.

I haven't seen them come down yet

 

[verde]

Did you see this thread is from 2009?

 

[Browns fan]

Dick any gun is doing better then the stock market right now.

I'm up around +36K YTD in the market i wish i had the guns to match it lol

 

[68Dave]

Haha, I started reading and about fell over when I read the $175.00 police trade ins were gone. I started way late...
David

 

[Ackley1952]

When you say used Smith and Wesson revolver to most of us we think pre lock and pinned barrel. You may be thinking of a used but relatively new revolver. The revolvers made before 1982 are only gonna go up. The newer ones will rise with the rate of inflation.

 

[Bubbabee]

I sold my (nib) Chief Special .38 no dash stainless on here about 3yrs ago to a Forum Member for like $650.00

I missed it so much I called him back about 12 mos ago. and he told me it was still in his safe & un-fired and new in the box still.

Asked me if I could give him some profit. I told him sure. I got it back for like..$850.00 I was so happy still am. Lol!!!

I am seeing same model 60 like mine (nib) with docs go for like near $1400.

Best move I ever made. I bought it new in 1987.

 

[mod34]

I just bought a really, really nice 64-4 (2", RB) for $650............you tell me.

 

[Bubbabee]

Well, I should of clarified. What I meant was that.."Collector Quality Smiths" with documents are "breaking the bank".

Just like "Collector Cars"...also different sections of the country will have somewhat different price variations.

 

[Bubbabee]

Well, I should of clarified. What I meant was that.."Collector Quality Smiths" with documents are "breaking the bank".

Just seems like "collectibles" from guns to cars to antiques are all bringing higher prices. Of course condition is the key.