You say that (last sentence) as if someone making a profit on a gun is some kind of terrible deed. If I came across a Registered Magnum for $200 at a garage sale, and was forced to sell it for whatever reason, I'd sure as hell be looking to make at least 10 times that. You make it sound like, just because someone may of spoken of a good deal they got, that you must also get that deal. The market dictates what a fair price is...on the seller's
and buyer's end. Would I be price gouging if I sold that $200 RM for $800....I mean, that'd be 4x what
I paid for it
I rarely sell guns for profit, but I have at one time...on a M27. I had also posted in a thread how much I'd got it for, which was $600. So I had guys PM'ing one after the other offering me $500. It ended up going to a nice guy here on the forum for $850. I believe that was a fair price for a nearly pristine 5" example in today's market. By your reasoning though, it seems like I'd be some kind of villain for not just selling it for the obviously-too-low price I paid for it. Ask any of the guys on our local gun forum out here, SeattleGuns, they'll tell you that I'm a good seller and always sell my guns fairly. Just saying, making a profit on a gun (in a private sale) shouldn't make you some kind of shady dealer.
-------------------------------------------------------------------------------------------
I agree on this one. I seldom make any money on guns or very little. I do try to come out even though! I'm into guns for the fun of it. I buy, I shoot, I sell and buy some more. Unless I find one that I really like then I hang onto it.
BUT I did find a registered magnum in a pawn shop. I really didn't know what I was buying other than it was a old S&W 357 and knew it had to be worth more than the $329 I paid for it!! I posted what I found here and soon learned what I had bought!! I got offers instantly for this RM.
Although I didn't sell it right away. I did sell it several months down the road to the highest offer, which was over 10 times what I payed for it. Yes I had a RM and sold it. I am not a collector. I did so some shooting with it with 38's.
I don't feel like I was a crook. Everyone knew what I paid for it. I paid my property taxes for the year with some of the money and bought more S&W guns that I normally wouldn't have bought. Some from members here.
John