Yes, this is a legitimate question. And we've all seen it at guns shows, much more frequently these days. A table holder is trying to sell a current, in-production S&W for as much, or more, than the current MSRP price, which no sane person actually pays anyway. What is he up to?
Unfortunately, sometimes that is not hard to understand. These people, when you ask them about that, often emphasize that this is an "out the door price." My strong personal opinion is that a guy doing this should be permanently banned from that, or any other, show. Clearly, he is catering to a person who may have a criminal record disqualifying him from handgun purchase through a dealer, who must run an instant check. My experience is that in only one or two instances over the last 30 years or so, buying many guns at shows, has a non-FFL seller ever asked to see my ID.
But now the real question. Internet firearms sales, via Gunbroker, Guns America, Auction Arms, etc., is a very different process. Firearms must be shipped to an FFL or, if more than 50 years old, to a C&R license holder like many of us. So one would think that a ridiculously inflated price does not mean the seller is targeting the gang market, right?
But on these marketing or auction sights I see umpteen S&Ws, and everything else, advertised at absurdly inflated prices. If it is an auction site, there is often a gigantic, inflated minimum bid, and for almost all of these listings, you can see there have been "0" bidders.
What is going on? Is the seller merely trying to establish contact with a prospective buyer, and then find some way to do the deal under the table, beating the auction site out of its fee?
Here's what happened to me just yesterday. I have been seriously thinking about buying a very expensive S&W Model 952 9mm target pistol. My FFL friend did the research for me, found the gun is readily available through one of his distributors, and the price is about $1,550 plus shipping under $20. That's probably the way I will go, and it gets me a S&W warranty.
But first, I checked the Internet sites and found a seller in Florida offering a 952 and 3 - 4 magazines for what rounds out to about $2,400, well above MSRP. The gun is over one year old, and with very minor wear. The guy posted a virtual blizzard of pictures, of every part of the gun from every angle.
So I asked the seller what was going on. What would be my motivation for paying nearly $1,000 more for the non-warrantied gun than what I could buy it for, new, from Smith? I said I would be interested in his 952 if he would be willing to take a little bit less than what I can buy the gun for new, with warranty.
Back came his short, curt answer. "Go ahead. Buy the new gun." He couldn't care less.
So what is going on here? Help me out, guys. There has to be something sub rosa. Are these Internet sellers also catering to unqualified buyers with bad data in the FBI instant check database? Do they seek only to make contact, and then ship illegally, on the sly? Are the ridiculous prices intended only to drive away legitimate, law abiding buyers and reverse filter the other kind, willing to pay anything?
If you look at the major sales or auction sites, scan down at the bid counters. Most get zero bids. Something very fishy is going on, and I'll bet some of you have stories about what it is.
Whatever it is, it should be knocked out, before it spoils the game for the rest of us. And I am a strong advocate of applying the same standards to gun shows. I don't want these sleezoids raining on my/our parade. Something smells, and it needs to be deodorized.
I'm really interested to hear what you guys think, as I know many of you have spent years and years working gun show tables, and running, or working in, stocking dealerships.
The gunshow aspect of this, in my experience, is that quite a number of sellers are absolutely rigid about sticking with prices which I am sure no knowledgeable collector would pay. Sure, they may be trolling for suckers. But are there really that many around? And with money somebody has not already swindled them out of? In these economic times?
Are these non-selling "sellers" just hoping to be able to go home from the show, sadly shrug their shoulders, and tell their wives they couldn't sell any guns, no matter what they tried?
I keep thinking I am missing something, but what? Is sanity more rare than I think? Or is it that (sellers') wishful thinking is just off the charts?
And we would be kidding ourselves by saying we have not seen a fair share of this quite close to home.
Again, I'm trying to focus on asking prices of recent or in-production Smiths, where that price is almost the same as, or even more, than MSRP. Something doesn't compute. What?