Do Guns Really Hold Their Value?

[catnthehat]

I didn't buy that one to look at, I bought it to shoot cast bullets with at targets, the way it was intended!
Cat

[nrsmatth]

Originally Posted by elkhunter11

The only thing to consider in this case, is that over 100 years passed since it was made. With over 100 years of inflation, what would $15 in 1906 be worth today? What was the average wage in 1906 vs what it is now?

$335.32 cents in today's dollars, bet it is worth a whole lot more than that today.

[elkhunter11]

$335.32 cents in today's dollars, bet it is worth a whole lot more than that today.

Doing a quick search online, the average hourly wage in 1906 in the USA was $.22 per hour. In 2011 it is around $19 per hour. The average hourly wage has gone up by a factor of 86 times what it was in 1906. Multiply that $15 by 86 times, puts today's equivalent price at around $1300.

[nrsmatth]

Originally Posted by elkhunter11

The only thing to consider in this case, is that over 100 years passed since it was made. With over 100 years of inflation, what would $15 in 1906 be worth today? What was the average wage in 1906 vs what it is now?

Originally Posted by elkhunter11

Doing a quick search online, the average hourly wage in 1906 in the USA was $.22 per hour. In 2011 it is around $19 per hour. The average hourly wage has gone up by a factor of 86 times what it was in 1906. Multiply that $15 by 86 times, puts today's equivalent price at around $1300.

Hey Elkhunter,

With all do respect, in order to calculate the value of a good in today's dollar you have to use the core inflation rate. Which is how I got the three hundred and something number.

By using wage, you in a way calculated rough purchasing power, which means the average person could have bought more gun today than they could have in 1906, but it doesn't mean the inflationary value of the gun is $1300.

If you want to know how much that gun cost in today's dollars, that is the number I posted. Its based on the Stats Canada inflation numbers compounded annually.

Cheers,

Nolan

[nrsmatth]

To go one step further - $0.22 in 1906 dollars is roughly $4.92 in 2011 dollars.

[densa44]

Wow you need to get out more! The stock looks like a fender off an old truck I had.

Seriously though, did you make it? What kind of wood is it? Is it fitted to you? And of course how does it shoot?

[calgarychef]

It depends on the rifle. If you buy a gun from a famous gunmaker but it's used when you buy it you probably won't lose money on it. Or buy a fine double rifle made by a good maker in the range of 15,000.00+ and if you buy right and keep it in immaculate condition you'll never-ever lose money on it especially if you buy it used. Fine doubles can be owned and shot and resold without losing a dime....kinb of makes the price seem worthwhile.

[Mike_W]

Pretty much any gun you buy these days will depreciate and relatively fast. I just sold a gun that I paid about $1,300 for and I sold it for right close to $900 there were also some rings and bases and an aftermarket recoil pad so probably another $100. The gun was about 2 years old and now wholesale has them marked down to $1,100.
Had the gun still been priced in the stores at the same price I bought it I would have asked for another $100 bucks, but it wasn't and I was forced to conform to the market.
Right now with a strong dollar Canadian gun stores are able to get more for the dollar and therefore that shows in prices from a couple years ago.

You take a gun like a Sako 75 it's very sought after and there are none available so if you want to get one used your going to pay a good price for it....Supply and demand.

Mike

[elkhunter11]

By using wage, you in a way calculated rough purchasing power,

That was my intention. When comparing costs from the past and now, I usually use that basic train of thought.

[Traps]

LOL Elk, that wasn't your intention. Do you understand compounding interest? I'd love to hear about it.

[elkhunter11]

LOL Elk, that wasn't your intention.

I think that I am better qualified to speak as to my intention than you are.

[hal53]

Originally Posted by densa44

Wow you need to get out more! The stock looks like a fender off an old truck I had.

Seriously though, did you make it? What kind of wood is it? Is it fitted to you? And of course how does it shoot?

think some one has a sig line on here about "better keeping quiet and thought a fool"...or something like that.....that is a fine piece bar none....

[hal53]

Originally Posted by densa44

Wow you need to get out more! The stock looks like a fender off an old truck I had.

Seriously though, did you make it? What kind of wood is it? Is it fitted to you? And of course how does it shoot?

think some one has a sig line on here about "better keeping quiet and thought a fool"...or something like that.....that is a fine piece bar none.... thinking you need to get out more.......

[catnthehat]

Originally Posted by densa44

Wow you need to get out more! The stock looks like a fender off an old truck I had.

Seriously though, did you make it? What kind of wood is it? Is it fitted to you? And of course how does it shoot?

HAHA!!!
No, I did not make the stock, the Highwall was offered in several different styles, the schuetzen match rifle being one.
The calibers however were limited to either 32/40 or 3855 in the match rifle, mine is in 38/55.
Here's link to one in pristine shape.Check out the price!!
Of course it not only has the letter of authenticity, but the shipping bill of lading as well, so this is a fine collector's piece.
Mine's a shooter - I'd rather have mine!!
Cat
http://www.icollector.com/Outstandin...inche_i9752355

[nrsmatth]

Originally Posted by catnthehat

HAHA!!!
No, I did not make the stock, the Highwall was offered in several different styles, the schuetzen match rifle being one.
The calibers however were limited to either 32/40 or 3855 in the match rifle, mine is in 38/55.
Here's link to one in pristine shape.Check out the price!!
Of course it not only has the letter of authenticity, but the shipping bill of lading as well, so this is a fine collector's piece.
Mine's a shooter - I'd rather have mine!!
Cat
http://www.icollector.com/Outstandin...inche_i9752355

That is awesome! What a beautiful looking gun. Definitely has gone up in value substantially.

You sure have some cool toys cat!

[6.5 shooter]

Just too throw my two cents worth in.... I never pay for upgrades in a rifle or in a pickup truck..A) I have no idea what kind of workmanship has gone into the piece. B) I tend to like my rifles in original condition. C) Any rifle I have ever "improved" has cost me money.

Cat, if you ever want to sell that rifle.... DO NOT Talk to my wife.....lol.. I can't afford it.

[whitetail Junkie]

Originally Posted by catnthehat

HAHA!!!
No, I did not make the stock, the Highwall was offered in several different styles, the schuetzen match rifle being one.
The calibers however were limited to either 32/40 or 3855 in the match rifle, mine is in 38/55.
Here's link to one in pristine shape.Check out the price!!
Of course it not only has the letter of authenticity, but the shipping bill of lading as well, so this is a fine collector's piece.
Mine's a shooter - I'd rather have mine!!
Cat
http://www.icollector.com/Outstandin...inche_i9752355

Holy Wow,I had no idea that your Rifle was worth Coin like that!!!

Better pass that baby down to your son,so his son can buy a house with it in a Few more years Thats one spicy Meatball!!!

[catnthehat]

Originally Posted by whitetail Junkie

Holy Wow,I had no idea that your Rifle was worth Coin like that!!!

Better pass that baby down to your son,so his son can buy a house with it in a Few more years Thats one spicy Meatball!!!

here we go again however, I didn't PAY that much for mine and I doubt very much that my rifle ( in fact I'd put money on it) would come anywhere near that price!

it was on CGN for a while and the price was dropped until the owner gave up.
After making a sale or two of some other shotguns I figured I'd try and track it down, and i was able to get it for the price he last asked for it + shipping.
The price was more than fair, and the owner was glad it went to someone who actually knows how to load and shoot cast bullets!
Make no mistake however I didn't get this gun for under a grand, the dnaged scope is worth that to anyone looking for an RTB Unertl!
Cat

[Korzy]

Originally Posted by catnthehat

Some guns take a long time to appreciate, due to inflation and the fact that the gun itself is desirable.
This rifle was shipped in 1906 at the cost ( without the iron sight and scope) of approximately fifteen dollars($15.00) - give or take a little , seeing how this one came with the optional set trigger .
I paid "slightly more" than that !!
So, in extreme cases, yes, they will appreciate!!
Cat

This gun has starred in several of your posts, and rightfully so. This time, I have to comment. This piece is amazing, just the way it looks. Can I shoot it? Hold it? look at it? Either way, I r-clicked and saved this graceful bang stick. It now resides in "My Pictures"

[catnthehat]

Originally Posted by Korzy

This gun has starred in several of your posts, and rightfully so. This time, I have to comment. This piece is amazing, just the way it looks. Can I shoot it? Hold it? look at it? Either way, I r-clicked and saved this graceful bang stick. It now resides in "My Pictures"

SURE!! Come on up any time to the fort and shoot away!!
Cat

[BeerSlayer1]

A much better investment than a car or truck, so I would say Yes, they do hold their value (probably because it's pretty tough to wear out a gun).

[Frans]

Originally Posted by nrsmatth

I have been perusing the buy sell section of the forum daily for several months now and have noticed that a large number of people selling guns want almost the price that you could buy them for new.

Do guns really hold their value this much, or are people just trying to sell hoping that buyers don't find out the actual value?

It appears that anything priced reasonably gets scooped up super fast.

Much like at the gun shows... you can put any price tag on. A sucker is born every day.