Looking for opinion of value if sold.

[dogboy99]

Thinking of selling my SW MP15 sport first Gen. with the 5R, 1:8 melonite factory barrel with metal sights. I purchased this new & I am original owner. I have put through it about 400 rounds of 5:56 & it is in excellent condition. Add ons are:
Timney skeletonized 3 lb. trigger
Houge rubber grip
Extended charge handle
Full quad picatinny rail
Vortex strike fire II red/green dot scope
Flashlight with side mounted activation switch
3- 30 rnd. magpul mags
Soft case included.
Single sling

I have about $1,350 in it. What do you think it would be valued for a purchase at a gun show vs private sale?

 

[Muss Muggins]

Don't get mad, but around here you've got a $500-$550 rifle and a $100 -$150 red dot optic for a private sale. I doubt my LGS would buy it outright. AR prices around here have been steadily dropping of late . . .

 

[DocB]

Some of the pawn shops are starting to put up signs indicating they will not take AR15 platform rifles. They have them stacked up to the ceiling and can't ever sell one. Remember when the sign used to read they wouldn't take VCR's. Funny thing. I guess if you had a Colt SOCOM, they would take it, but a Smith. . .not likely.

 

[03hemi]

Everybody getting new ones are going with the free floating system now too.

 

[jwk]

Not much due to current market. Keep it and enjoy shooting it until the market changes. I have several ARs tucked back in the safe I got for fees. Other than my AR10 and my Ruger piston AR the prices would be about the same. Not what you want to hear unfortunately.

 

[ken158]

Agree on what others have stated. You have a rifle that has hit rock bottom in value and even pawn shops aren’t taking them... you will need to stick it back and wait for the next Dem attack on our gun rights to break even...

 

[Sevens]

When everyone thought Hitlary would become the President, they dumped an irrational volume of money in to AR's and AR lowers. Every manufacturer that could make them went in to overtime and built a zillion and everyone bought as many as they could justify. And this happened AFTER a spate of awful and high profile mass shootings where many clamored for more "gun control on evil assault rifles." All this means that the pool of AR's in the nation grew at a ridiculous rate.

The market is FLOODED in a way that we have never seen and the "value" and resale of used AR's is basically pathetic.

There has literally never been a worse time to attempt to sell a used AR if your goal is getting "top value."

In your situation, you have two choices I think: keep it or get used to the idea that you will get chump change compared to what you spent on it.

 

[vonn]

Gun markets in general are full of guns bought because of the political climate but AR types are by far the worst case of value lost. I would sit on it and enjoy it until the market rebounds which may be awhile.

 

[H30]

To the OP.
I have that very same rifle. I was very surprised at it's accuracy when I got it. Much better then the ARs my shootings friends were getting.
About 1700 rounds of handloads and factory stuff so far, and not one moment of trouble with it. I'm glade I got the early model.
Mine's a keeper.

 

[dogboy99]

Thanks guys for the opinions. looks like I will be keeping it in light of such a crappy climate for supply/demand at this time. Yeah it is a great rifle & very accurate.

 

[jagular]

If you need some cash, take off the aftermarket mods and red dot and sell them separately. Put the rifle back to OEM condition. You’ll NEVER get their value back as a package but will do better selling separate.

You might be able to get $1000 (for it all) from a buyer who understood what they were buying.

 

[littleriver1]

Keep it, and enjoy it and don't regret it. I once sold a gun for much less than it's value and regret it to this day.

 

[Rastoff]

This is not directed toward you littleriver1. It's just a generic viewpoint using this statement:

I once sold a gun for much less than it's value and regret it to this day.

I think we've all made this statement at one time or another. It's not completely accurate. What it probably should state is, "I once sold [something] for less than I might have sold it for to someone else."

Value is a fluid thing and changes depending on the people involved, their experience and the depth of their pocket. Value is determined by only two people; the guy with the stuff and the guy with the currency. Whenever something is sold, that's its value. It doesn't matter what some book or some friend said, if money and merchandise exchanged hands, that was the value of the thing at that moment.

I once sold a Marlin rifle for $600. According to the "Blue Book" it was worth $350 in 100% condition. Nothing is ever in 100% condition. According to what most will tell you, I sold it for more than it was worth. That obviously isn't true, because it was worth $600 to at least two of us. I didn't want to sell it, but getting that price allowed me to buy an AR for my father-in-law and seeing his grin was worth every penny.

I once sold a Browning BT-99 to a friend for $650. The "Blue Book" said it was worth $900. So what? He didn't have the full price and it was worth it to me to see him with a good shotgun.


Value is fluid. The worst thing you can do is to sell something and then after the sale go looking for similar transactions on the internet. If you're the buyer I promise you'll find lower prices and if you're the seller you'll find higher prices. So what? Be happy with the transaction or don't make it. You'll only find regret when looking behind.

 

[bigggbbruce]

I have about $1,350 in it. What do you think it would be valued for a purchase at a gun show vs private sale?

You've customized a $500 gun. You'd be lucky to get half your money back..

This is why I don't change any AR that I've had.

 

[Xfuzz]

What timing...
Making my bi-monthly LGS/Pawn shop run.
Bought this Tuesday.
Bushmaster XM15E2 as new condition.
$425 drive out.

 

[rtquig]

I sold one of my never shot Sport I with quad rails, V-Tack sling, and Bushnell red dot for $700 a few months back. Considering I paid $650 before tax and background check fees, I lost money on the deal. But, it was to a good friend of 30 years, and you can beat the 1:8, 5R.

 

[C J]

If you want to customize any gun be aware that you are doing it for yourself. You can't ever get back the money you put in it. Same is true for a lot of things. However as someone suggested you might well sell the parts by themselves and make out OK. The gun itself is a keeper right now. You'd be giving it away considering the market. It's too good of a gun to give away. I thought the same thing about my SKS for years. Now the thin is worth 8X what I paid for it. Be patient. Guns are for shooting, not selling. There may come a time you can sell it for nearly what you paid but if that time comes I suggest you might need one yourself.

 

[BC38]

I may not know the answer to the OP's question, but reading everyone's response has got me thinking seriously about taking a good hard look at some of the AR's at my local pawn shop.

I've never really seriously considered owning one, largely because of the prices they were going for, but if the market is really at the bottom, now may be the time to buy

 

[Skeptic 9c]

I may not know the answer to the OP's question, but reading everyone's response has got me thinking seriously about taking a good hard look at some of the AR's at my local pawn shop.

I've never really seriously considered owning one, largely because of the prices they were going for, but if the market is really at the bottom, now may be the time to buy

Buy name brands.

Geoff
Who owns a S&W and a PSA.

 

[TBird55]

Bought a Gen 1, 1:9 twist barrel yesterday for $333.00 + tax from a pawn shop, in "As-New" condition. Has Magpul rear sight and magazine. It has probably twenty rounds fired, if that. Prices are dropping fast.