Guns & Ammos as an investment

Discussion in 'The Club House' started by Mouser, Jul 25, 2015.

  1. Mouser

    Mouser Active Member

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    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?
     
  2. gunman41mag

    gunman41mag Active Member

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    Gunbroker
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  3. winds-of-change

    winds-of-change The Balota's Staff Member

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    Mine will go to family members as inheritance\ family heirlooms.
     
  4. Alpha1Victor

    Alpha1Victor New Member

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    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.
     
  5. Mercator

    Mercator Active Member

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    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.
     
  6. Mouser

    Mouser Active Member

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    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.
     
  7. Sniper03

    Sniper03 Supporting Member Supporter

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    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!

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    Last edited: Jul 25, 2015
  8. locutus

    locutus Well-Known Member Supporter

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    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.
     
  9. Trez

    Trez Well-Known Member

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    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.. :D

    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.
     
  10. Mercator

    Mercator Active Member

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    It's small time speculation (not that anything is wrong). Growing money by investment is a different endeavor.
     
  11. c3shooter

    c3shooter Administrator Staff Member

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    Regarding communicating your desired disposition of firearms (or any other property) after your untimely demise-

    There is this WONDERFUL legal, binding document, and it is really very simple.


    It's called a Will. You might want to look into that. :p
     
  12. kfox75

    kfox75 Well-Known Member Supporter

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    What will happen with mine is a combination of all 3 of the above posts. I keep a log, receipts for all sales and trades, and pictures of each of my firearms and other collectables. My wife knows that her and our daughter get first crack at what they want to keep, and certain friends get to pick next. Anything not wanted is to be appraised, and said appraisal is to be for both trade and sale (Full retail and PP) before anything is done with them. A few are set aside at the request of certain family members, or other specific friends.

    The ones that will not be kept are to be sold off or traded to use towards something (Firearm or otherwise) that they both want. they are also not to just take the word of the first appraiser, but to talk to at least three different ones before selling, so they have a basis for negotiation. I don't have very many that are worth more in cash value that what they mean to me, or the time or person they remind me of. After all, a good sized chunk of my "collection" is BA shotguns from the 1930s to the 1960s. :eek: Most of them are more about where I got them, and who I got them from than the $75 to $100 I spent, or the item I traded for them.

    My last instruction is to check the transfer laws before passing them on, and that, if the buyer is not know to them, my room mates, or another friend or family member, there will be a BGC\ photocopy of current ID for each transfer, so their @$$e$$ are covered.
     
  13. oO_Rogue_Oo

    oO_Rogue_Oo Member

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    I keep a log of everything I buy & sell, where or who I bought it or sold it to, dollar value of the exchange; etc. This includes a running inventory of ammo and accessories. I can run a report on inventory, investment, etc at any time. I prefer to keep the details private but I do quite a bit of buying and trading and never sell a gun that doesn't turn some measure of profit (if I can't profit on a gun I will keep it until I can); this occupies several hours of my time a day. It also requires not getting emotionally invested. Over years of doing this you CAN increase the value of your collection (if you stick to the used market) but it is not easy and requires a fair amount of time and the willingness to sometimes wait the market out. When the gun market is down I turn to the ammo and reloading market to keep me busy.

    For the hobbyist gun collector it is very difficult to make any money on guns and I would advise to just buy what YOU like and invest elsewhere.
     
  14. oO_Rogue_Oo

    oO_Rogue_Oo Member

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    Also keep an eye out for the next gun, magazine / ammo scare. A lot of money was made a couple of years ago especially on ammo and magazines. This is actually a pretty good time to buy. $500 to $600 ARs are a dime a dozen right now; other than the 62gr steel core 5.56 ammo; ammo is coming down (although it will continue to drop). AR magazines are back to $6 or $7 and plentiful. If when another scare happens ............... Watch the elections, if another Democrat gets in well you get the idea.
     
  15. Trez

    Trez Well-Known Member

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    If it wasnt for the hussle I do... I wouldnt be able to afford what I like... Its kinda hard to afford American mil-surps working a minimum wage job...


    I guess buying, selling, and trading just comes easy to me.... Id rather sit on my couch several hours a day looking though the want ads and listing items on the computer, than working the Arizona heat....

    Right now Ive been trying to get back into more selling.. Ive worked a 40 hr a week job for over two years now, and Im not any better off than I was just being a slacker selling crap online... :confused:
     
  16. oO_Rogue_Oo

    oO_Rogue_Oo Member

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    Then pray for another gun scare and be prepared to cash in. The last scare increased my collections value by a little over $30k and that was with me starting late in the game and really not taking advantage. I never sold a magazine for over $20 while they were going for $30+ etc. Limited ammo to doubling my money, that sort of thing. I had people buying from me and they were able to double their money. In other words you can make money and still sleep at night.
     
  17. Trez

    Trez Well-Known Member

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    The scare helped me in a different way... I was picking up mil-surps and vintage gear when people were selling them to buy AR's and such... :)
     
  18. CaptMidnight

    CaptMidnight New Member Supporter

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    The Native Americans believed they would need all their weapons in the Great Hunting Grounds of the beyond. They also believed their horses and dogs should be killed to accompany them on their trip to eternity.
    Now I have no problem burying all my guns with me. However my horse and dogs are not convinced they need to make the trip with me??:confused: