Honey Holes are drying up lately

BigBill

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I been watching my honey holes for good buys in the past and they seem to be all drying up lately. The older S&W and older Colts seem to be getting harder to find now.

How is it in your area???
 
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Plenty of semi autos in the Northern VA area but very few revolvers.
 
I'm seeing the handgun cases full of used auto pistols yet hardley any revolvers. Once we were flooded with revolvers to the point we had an assortment to choose from and now its slim pickens.
 
they show up around my area, they just don't last long. Due to stupid laws in CA, gunshops can only sell used handguns on consignment so they usually take 20% of the sale amount, and since they don't have any money invested, sometimes you can find some good deals if the party selling the firearm want the money fast (inheritance). Before the economy tanked and when I was buying lots of guns I had a least one shop trained to call me when something good came in, I got a few good deals that way on stuff I otherwise would not have even seen.
 
I am seeing good round guns popping up but not as many and not as many nice ones. They are still out there. The younger guys seem to have absolutely no interest in them with the exception of airweight snubs.
 
I can still get good deals at my local shop. Rarely does anything come in with a .4 in front of it. Usually .3's.

I just had a line on a 2 1/2" 66-1 for $425 OTD. I was there when it came in. Needed a good cleaning, but mechanically it was sound. Turns out the scum bag chick that brought it in (along with 2 other guns) wasn't the legal owner. She stole it from her dad. He found the pawn slip and wanted his guns back. And the way it works in CA, he now has to do a back ground check and wait 10 days (and possibly jump through other hoops) just to get back guns he's already owned for 30 to 40 years. I doubt he reported them stolen by his daughter like he should have done.:mad:

Sorry a little OT.
 
Most of my purchases are now from online auctions, since there is very little locally available at gunshops or gunshows.

I do notice that, while the selection is good, prices for S&W revolvers are rising dramatically. It is very difficult to find bargains today.
 
Fields aren't as fertile as even just a few months ago. I just, today, made my local run of two gun stores and four pawn shops. Found a model 19, 2 1/2" wearing goodyears. Pretty heavy wear on bbl. and high points. Some kind of "stain on the cylinder (permanent I'm afraid). Locked up tight, good bore, no cylinder play or push off. It was a consignment gun at $519.00. I really made a foolish offer of $400.00, I thought, and was told the gent would not take less than $500.00. Normally in this same run I will see 6-8 S&W's for sale. It really does seem to be tightening up. As are prices.

Regards

Bill
 
I have several shops I frequent and none of them are really "honey holes" for S&W's....they come about every so often....you just have to be there when they do....I have a couple shops that will call me when they get S&W's traded in :D
 
Turns out the scum bag chick that brought it in (along with 2 other guns) wasn't the legal owner. She stole it from her dad. He found the pawn slip and wanted his guns back. And the way it works in CA, he now has to do a back ground check and wait 10 days (and possibly jump through other hoops) just to get back guns he's already owned for 30 to 40 years.

With the exception of the waiting period, its how it works everywhere. Don't lose sight of the fact that he wasn't the person that pawned it. Anyone can claim it was their gun.

Back to the OP. Around here, the prime "honey hole" are gun shows and the flea market in two weeks. Its called Mt Sterling Court Days. The normally sleepy town of a few thousand suddenly gets overwhelmed by a half million bargain seekers. The part I like best is how shocking it is to big city folks that entire families have guns. Seems like every other booth has a gun or two for sale. Families walk the place, often with momma and a deer rifle over her shoulder, pop with a couple of handguns stuck in his belt. With Junior lugging a shotgun.

I'm going to guess that the state you live in plays a big role. The economy has also been a big influence, with people not earning squat on their savings. So they see a bad outcome on the horizon and sink some of their funds into guns. Its a traditional store of value, much like gold and silver. What it tells you is that old 44 hasn't doubled in price, it just costs more of the shrinking dollars (like the gasoline you burn at $4 a gallon.)
 
Ain't it the truth!

I had half a dozen or so shops that would call me when something came in that was along my line of interest.

Not get many calls now-n-days.....


Su Amigo,
Dave
 
I'm still finding a few here and there, just not as many as before. They are still out there even though as time passes more and more of them are destroyed by people who don't appreciate them, fires and natural disasters, and intentional government destruction.
 
Here in Arkansas, I am seeing the same thing. Time after time, in Gun and Pawn stores I hear "not long ago we always had a lot of used Smith revolvers, but we hardly see them anymore".
 
For the past two to three years it has been gradually getting pretty darn sparse. Lots of double action autos and other black tupperware, but wheelguns, particularly vintage S&W and Colt's are scarce. The few I see regionally, Catskill and Adirondack areas, are generally over priced based upon their condition. I recently looked at a decent Victory, about 85% overall, non original plastic grips, missing lanyard ring. The guy wanted $650.00 for it. The other S&W in his showcase was a Model 10 no dash, rubber grips, about 90%+-, $500.00!

Even finding vintage shotguns, sporting rifles and miltary rifles seems to have dried up. I believe folks are hanging on to what they have because the economy is so volatile and/or, if they do opt to sell they expect to make a windfall profit. Judging from seeing the same guns, in the same shop showcases for years, I don't imagine anyone is selling many $500 Model 10's or $650 Victory models, at least not these days.

Cheers;
Lefty
 
I found, quite by accident, that it really, really helps if you work p/t at the 'honey hole'.
 
It has been hit or miss for some time here in Eastern NC
Seems to be the local shops do not have much in the way of used smiths
1 pawn shop has a couple model 10s and a few others but nothing out of the ordinary, been searching for a snub N frame, with no avail thinking of sending a Nickel 6" 29-4 off to magnaport but then to replace that would be just as difficult. maybe a 329NG is in the future>
 
Maybe the weather is a little dry right now, but I can't say there was a point any time in the last four years when more than one item of interest sat on a consignment shelf at the same time. I don't see a trend. I just see a random distribution with unpredictable peaks and valleys through time. The revolver count at my LGS was way down when I was in last week, but they had some really nice classic and modern 1911s and 1911A1s -- way more than I have seen there at one time in the past. I am tempted by a couple of seemingly unfired 1911A1s (1944 vintage, one Ithaca and one lend/lease Remington Rand with the proper proof marks).

I may not pursue those semiautos now that a different grail gun has wandered into my field of view. I'll know more about that in a week or two.

No, not another prewar Kit Gun. I'm in a recovery program on those. :D
 
I've noticed that the major auction houses have very little, in the way of pre-WW2
S&W's . Amoskeag has lots and lots of antique rifles. Rock Island Auction has no end
of Winchester rifles, and Colts. James Julia has lots of Civil War era guns ( and other
related items ). But very very few vintage S&W's .

I think this kind of phenomenom runs in cycles, in terms of what is being sold. With the
auctions, it's often related to what kind of collectors have passed away. For example,
there are still a lot of registered magnums being offered for sale, from the estate of
a well-known S&WCA member. They are almost all in mint condition, and the prices
reflect that.

Keep the faith. Over time, S&W's will show up for sale.

Regards, Mike Priwer
 
We have a local forum with a for sale board. I have gotten good deals from there. It seems that revolvers don't sell as well as the semi auto.
 
I found, quite by accident, that it really, really helps if you work p/t at the 'honey hole'.

This goes back to an observation I've made here in the past. Gun shops aren't the best places to find spectacular old guns. They might be the worst, in fact. There are a bunch of factors, but almost no one trades in a fine old S&W on a new plastic semi auto. The only people who want the semi's are young kids. The only people who own the S&Ws are us old coots. What it amounts to is a disconnect. So where do the guns in the gun shop come from? Often they're sold or offered for sale either by the owner who needs money (the economy) or by his widow. Its a sale of last resort or desperation. A situation where there are no male relatives that want the gun, or by an anti gun widow who still wants the value. If they don't, they turn it in to the local PD for destruction. That can of worms sometimes leads to the gun being stolen by a cop that can't bear the idea of destroying a work of art.

But say the widow sells the gun to the store. Gun shops are known for low ball offers. They pretty well know the person isn't a regular (regulars know the values, sort of) so the trek to the store with all those evil guns is uncomfortable. Even if they know what the gun sold (was bought) for originally, the price offered is probably equal or even a little above. They can take the money and run, or take all the guns back home and try another shop some other time. I'm guessing that doesn't happen often.

So the shop has a new gun for the used counter. Guess who gets first shot at it. If the clerk who takes it in steals it (for the price paid), the owner gets really hot and hires a new and smarter clerk. But what usually happens is the shop owner inspects and gets first shot at the gun. He's got a great collection, specifically because he picks off the plums. If he doesn't want it, then the clerk can buy it (but probably for a small profit.) Only after the other clerks have the right of first refusal can the general public get a chance. And as you've read here, the favorite customers get a call before it hits the glass showcase. If you're Joe nobody, you only have a chance at a gun that isn't good enough for a half dozen other guys.

Every wonder why gun shops aren't on the side of gun rights? They really like the idea of all transactions going thru them. It builds their collection.

Where can you find the choice items? Where gun owners go to buy and sell is the best place. Some states don't allow it. Move from there if its the situation where you live.

In a week and a half comes Court Days down in central Kentucky. On Saturday there will be about 10,000 (it could be more, or maybe a few less) gun owners trying to buy, sell, or trade. Some are scoundrels trying to milk the last $ out of a junker. But for the most part its just scoundrels like me, hoping against all hope to score a single treasure, whatever it might be. One year, a few back, I guy had a K22 Outdoorsman with a serial number I remembered. He wouldn't budge on the price, so I reluctantly declined. It was about $450 as I remembered it. So when I got home I used the SCSW to discover it was in the first couple of hundred made (632373). So I kicked myself and swore not to let that kind of gun get past me again. But as luck would have it, both of us reappeared the following October. Same gun, same condition, same price. So I offered him $425, he said no, so I paid his price. :( But it was a good gun at what now seems like a great price.

And another year I picked up a M58 in near perfect condition... cheap. And then there was the 396 no dash, at what I considered cheap. And the 617 4" that wasn't such a deal. The price was right, but my son wanted it. One year I bought a set of factory pearls (small gold medallion) for what I considered a good price, maybe $100. Wish I'd kept them. I don't go expecting any specific gun. If anyone does, they'll declare it wasn't worth the time or expense. But I know if I spend enough time on "the bridge", I'll see a bunch of nice guns (not just S&Ws). But its like a gun show, its a living breathing thing. Guns come and go, as do buyers and traders. If you think you can go and walk the area, or the fixed vendors that set up nearby and see it all, you're mistaken.

The only problem I have is my wife goes along. I could hear her gasp from 10' away when I pealed off $100 bills to buy the 1950 Target a week ago. But when was the last time you found one for sale? And she won't understand why I want to circle back to the bridge several times during the day. Its probably because she knows each cycle there's a chance of finding a real score.

So how do you build a decent collection in this day and age? Sure, you go to gun shops on the outside chance. Just like pawn shops. But you use the other, unconventional venues too. If I find a keeper at a place just once every 5 years, I'm happy. The reality seems to be not that I shouldn't go, but that I need to find even more places to sneak into.
 
"I could hear her gasp from 10' away when I pealed off $100 bills to buy the 1950 Target a week ago. But when was the last time you found one for sale? "

That wasn't your wife that gasped.

It was me.

GF
 
Kittery Trading post in Maine used to be a goldmine for used handguns. They were literally stacked on top of each other. Old Colts and S&Ws were usually really cheap. Now there is so little to choose from it's hardly worth stopping in anymore. And the prices aren't as good as they used to be.
 
rburg;136733815 " But what usually happens is the shop owner inspects and gets first shot at the gun. He's got a great collection said:
I would advise to never assume that GS owners have 'collections'. Having worked at the three largest GS's in my area in the years before and after my 'real job'/career, none of those owners had a very strong interest in accumulating personal guns, other than for the purpose of making money. And in one, we're talking about ALOT of money.

For the really good clerks, that go the extra mile and routinely provide good and professional service for the customers, yes there are perks.
I have enjoyed that benefit to the fullest and continue to do so.
 
Saturday I went to the local gun show. Pickings are not usually all that good, but it is the only show I have ever gone to that has nice wide aisles. My handle is descriptive, and the narrow aisles at some shows can be a real pain.

As usual, the Smiths were very thin on the ground, as were Savage 99's, my other interest. What struck me was one table, that had about ten or twelve Colt 1917's, priced from five to six hundred dollars. They were in fairly decent shape. Too bad they weren't Smith 1917's!

It is strange how things run, though. There will be nothing of interest, then all of a sudden more than the wallet can bear.
 
Our 4 main shops are dead as well. The last .44SPL, my passion, in any of them was a very nice 3Lock that the part time counter guy put up and called me. That was 8 years ago.dan
 
I just have one question...what's a "honey hole"?

Dave

PS: I know what you guys mean, just not where you find a place like that.
 
I got lucky a couple of years ago on gunbroker. I picked up a very nice, model 66 that had been a police turn in. I paid $600 for it WITH 900 rounds of .357 magnum hollowpoint ammunition.
 
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