Guns & Ammos as an investment
You are Unregistered, please register to use all of the features of FirearmsTalk.com!    
Firearm & Gun Forum - FireArmsTalk.com > General Discussion Forums > The Club House >

Guns & Ammos as an investment


Reply
 
LinkBack Thread Tools Display Modes
Old 07-25-2015, 01:17 PM   #1
Feedback Score: 0 reviews
 
Mouser's Avatar
 
Join Date: Aug 2011
Location: Now residing in Lower Alabama
Posts: 390
Liked 188 Times on 133 Posts
Likes Given: 192

Default Guns & Ammos as an investment

This is something I mentioned to my wife should I pass before she does. I do not have, by my standards, a huge collection of weapons however it is growing and I am still fairly young/youthful.

Soooo...should I live another 30-40 years and accumulate maybe 50 guns and 15K of ammo...the guns maybe have an average today value of $700/gun plus ammo...what would be the best way in your opinion to liquidate the collection or part thereof upon a person's demise? Not that that would be the case in my situation, but it is an option to help with an estate or even to keep the govt's grubby hands off of em?

I mentioned to her that she might rent a table at a gun show and sell a "private collection" as a way to do that...I have bought a few that way and I like the decent prices, high quality that I have typically seen

Thoughts?
__________________
Man once surrendering his reason, has no remaining guard against absurdities the most monstrous, and like a ship without rudder, is the sport of every wind.
-Thomas Jefferson to James Smith, 1822.
Mouser is offline  
 
Reply With Quote

Join FirearmsTalk.com Today - It's Free!

Are you a firearms enthusiast? Then we hope you will join the community. You will gain access to post, create threads, private message, upload images, join groups and more.

Firearms Talk is owned and operated by fellow firearms enthusiasts. We strive to offer a non-commercial community to learn and share information.

Join FirearmsTalk.com Today! - Click Here


Old 07-25-2015, 01:20 PM   #2
Feedback Score: 0 reviews
 
Join Date: Sep 2014
Posts: 286
Liked 102 Times on 79 Posts
Likes Given: 14

Default

Gunbroker
auction arms
arms america
florida gun trader
gunman41mag is offline  
 
Reply With Quote
Old 07-25-2015, 01:39 PM   #3
The Stanley Cup winners......the Blackhawks
FTF_MODERATOR.png
Feedback Score: 0 reviews
 
winds-of-change's Avatar
 
Join Date: Aug 2010
Location: Northern Illinois
Posts: 25,338
Liked 8772 Times on 5242 Posts
Likes Given: 11644

Default

Mine will go to family members as inheritance\ family heirlooms.
__________________
Honor Student: School of Hard Knocks
To the world you may be one person, but to one person you may be the world.
Quando Omni Flunkus Moritatus
winds-of-change is offline  
2
People Like This 
Reply With Quote
Old 07-25-2015, 01:43 PM   #4
Feedback Score: 0 reviews
 
Alpha1Victor's Avatar
 
Join Date: Oct 2011
Posts: 682
Liked 123 Times on 78 Posts

Default

I would make a log of all purchases. Serial numbers, dates, price you paid (not what you told your wife you paid) if you keep a log book like that it'll help with the value on the collection.

The best way to sell them isn't always the easiest. If she wanted to do the leg work, selling online is not a bad option. Selling with an estate sale could be an easier option for her if she chooses not to sell online.
Alpha1Victor is offline  
3
People Like This 
Reply With Quote
Old 07-25-2015, 02:18 PM   #5
FTF_SUPPORTER.png
Feedback Score: 0 reviews
 
Mercator's Avatar
 
Join Date: Sep 2013
Posts: 8,837
Liked 4374 Times on 2954 Posts
Likes Given: 2190

Default

Investing in collectibles and coins is not recommended by most in the business, with a notable exception of those who sell or broker the above. To beat the market by buying cheap today and watching your investment grow, you need the foresight most people don't have. Besides, guns are not exactly liquid money, and may become less so in the future.

I don't park my money in guns.
Mercator is offline  
 
Reply With Quote
Old 07-25-2015, 02:26 PM   #6
Feedback Score: 0 reviews
 
Mouser's Avatar
 
Join Date: Aug 2011
Location: Now residing in Lower Alabama
Posts: 390
Liked 188 Times on 133 Posts
Likes Given: 192

Default

I am not a collector per say...but my interests, hobbies and passions will yield a 'collection' of sorts. When I pass, most will likely become heirlooms and passed down but I know guns hold value and as more money is printed and we have the subsequent inflation, the guns will inflate along with it so they hold value if they are cared for. Mine are cared for and will hold value....it is just difficult to sell en masse and get value out of them. I did log them and current estimated market price so there is a place to start should some be sold.
__________________
Man once surrendering his reason, has no remaining guard against absurdities the most monstrous, and like a ship without rudder, is the sport of every wind.
-Thomas Jefferson to James Smith, 1822.
Mouser is offline  
kfox75 Likes This 
Reply With Quote
Old 07-25-2015, 02:38 PM   #7
Supporting Member
FTF_SUPPORTER.png
Feedback Score: 0 reviews
 
Sniper03's Avatar
 
Join Date: Jun 2010
Location: Tennessee
Posts: 6,142
Liked 3575 Times on 1722 Posts
Likes Given: 1782

Default

First of all Guns and Ammo is a good investment.
For Example: I have a rifle that I gave $1100 for years ago and have been offered $3000 for it this past year!
No bank would pay anything close to that interest!
As Alpha mentioned the first thing to do is Take Pictures of all your guns. I take pictures of them along with a 3X5 Index Card laying beside them with the Make, Model, Caliber or Gauge and Serial Number on the Card. This is also an excellent idea for Insurance purposes!
Then I enter the information on an inventory sheet or book and also have a copy of it on a Thumb Drive which is secured. On that inventory document it states who will inherit what weapon of the estate upon my expiration, as well as the present estimated fair value of each weapon for future reference should my wife or family need it. I have also noted which weapons are special applications and also collectors pieces. The price estimations needs to be reviewed at least every couple of years and up dated. In addition I have some younger friends in the weapons industry that are also FFL Dealers who in addition to their shops also attend gun shows. We have a pre arranged agreement that they will assist my wife or family with selling the weapons that would be available for sale using the estimated prices. In addition, I have agreed that they receive a percentage commission for assisting and selling any weapons.
Just some ideas! That is how I have made arrangements.
*This is an example of the photos! This is not a close up like the original but will give you an idea!

03
File Type: jpg G6443764 Remington 700CDL.JPG (84.1 KB, 19 views)
__________________
The Constitution is not an instrument for the Government to restrain the people. It is an instrument for the people to restrain the Government!
*Patrick Henry

Today, we need a nation of Minutemen, citizens who are not only prepared to take arms, but citizens who regard the preservation of freedom as the basic purpose of their daily life and who are willing to consciously work and sacrifice for that freedom."

-- John F. Kennedy

Last edited by Sniper03; 07-25-2015 at 02:42 PM.
Sniper03 is offline  
3
People Like This 
Reply With Quote
Old 07-25-2015, 02:48 PM   #8
FTF_SUPPORTER.png
Feedback Score: 0 reviews
 
locutus's Avatar
 
Join Date: Dec 2011
Location: Wyoming
Posts: 11,586
Liked 8012 Times on 4383 Posts
Likes Given: 7763

Default

IT'S CRITICALY IMPORTANT THAT YOU DISCUSS THIS WITH YOUR SPOUSE.

I had always assumed that my son would get all of my shooting equipment, guns and ammo.

About ten years ago, I was discussing this with my wife.

She told me that she thought that she would allow our son to pick out two or three of my guns that had sentimental value, and sell the rest to a LGS.

She was horrified when I told her the LGS were scalpers, who took full advantage of widows and orphans and anyone else who didn't know the value of their guns, and they would give her thirty cents on the dollar or less, probably less, for my guns. (I have a nice collection.)

She said that I had never told her that I wanted our son to have them all, so it never entered her mind.

Now she knows, and had promised to respect my wishes. I also told my son they were all his, except for three that I wish to leave to good friends.

Communication with your next of kin is critical. I have everything listed on a flash drive in my safe now so there can be no doubt of my wishes.
__________________
For those who have fought for it, freedom has a taste the protected will never know!

Or at least they did before political correctness
locutus is offline  
kfox75 Likes This 
Reply With Quote
Old 07-25-2015, 05:01 PM   #9
Feedback Score: 0 reviews
 
Trez's Avatar
 
Join Date: Jan 2011
Location: 3-P
Posts: 3,890
Liked 927 Times on 590 Posts
Likes Given: 1037

Default

Ive always made money with gun stuff... Its one of my main hustles.
I just sold a few things I picked up at a yard sale on ebay and paid for everything else I bought, I havent even sold the "high dollar" items yet like the custom wildcat dies or the WWII M1917 rifle barrel, and I kept most of the die sets. Im actually just about to leave and hit it again this weekend..

Most of my favorite guns have come in trades, A SKS for a M1903, a Mosin for a M1917, and a Remington 870 for my beloved Medusa... As far as im concerned all those trades "made me money" because I didnt have to shell out the full price for them.
__________________
Quote:
...... I suffer from a very rare genetic defect that causes me to be sympathetic toward the International cause. There is no cure.
Trez is offline  
2
People Like This 
Reply With Quote
Old 07-25-2015, 05:23 PM   #10
FTF_SUPPORTER.png
Feedback Score: 0 reviews
 
Mercator's Avatar
 
Join Date: Sep 2013
Posts: 8,837
Liked 4374 Times on 2954 Posts
Likes Given: 2190

Default

Quote:
Originally Posted by Trez View Post
Ive always made money with gun stuff... Its one of my main hustles.
I just sold a few things I picked up at a yard sale on ebay and paid for everything else I bought, I havent even sold the "high dollar" items yet like the custom wildcat dies or the WWII M1917 rifle barrel, and I kept most of the die sets. Im actually just about to leave and hit it again this weekend..

Most of my favorite guns have come in trades, A SKS for a M1903, a Mosin for a M1917, and a Remington 870 for my beloved Medusa... As far as im concerned all those trades "made me money" because I didnt have to shell out the full price for them.
It's small time speculation (not that anything is wrong). Growing money by investment is a different endeavor.
Mercator is offline  
 
Reply With Quote
Reply

Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Firearms Forum Replies Last Post
Guns as an investment? hq357 Curio & Relic Discussion 47 09-05-2013 09:22 PM
S&W 29 Investment dwhite Revolver Handguns 18 05-13-2013 11:21 AM
Investment Options OUTLAST General Rifle Discussion 2 04-24-2009 06:41 PM



Newest Threads