Wednesday, March 18, 2009

Grand Pa's Smith & Wesson and Other Valuable Tid-Bits.

While the death of our economy has been greatly exaggerated, to the point of almost becoming a self-fulfilling prophecy, there is no doubt that times are tough and investing for the future is scary. Well, let me remind you of what many of you already know. Guns are and always have been a good investment. Granddaddy's Smith and Wesson is no doubt worth triple what he paid for it and in some cases 100 times what he paid for it. Not a bad return. About the only thing selling like crazy these days are guns and SPAM!

Right now guns are scarce. If you happened to purchase a gun last year and wanted to sell it this year you would almost invariably make money on that deal. What else in this climate can claim that? This comes with a caveat. If you are the buyer, unless you REALLY want that firearm, I would suggest only paying blue book or slightly over. The reason being is that prices on some, not all, guns are artificially inflated by the phenomena know as Obama-mania or the Obama-effect. This "mania" is the panic some have shown faced with the fear that the new Administration will make good on their promises and historical precedents to do away with as many guns as they can. My opinion on the "mania" is simple. I don't participate in senseless fear based buying. I didn't do it during the gas shortage, I am not doing it now with Obama-mania.

My guidance for buying now during the "mania" or for an investment is also simple, buy as many QUALITY guns as you can find at a fair price. Two very important caveats there. Quality does not mean buying three inexpensive Hi-Point 9mm pistols at $150 each. Those guns will only go up in value 100 years from now when they reach relic status. Buy a Hi Point if you must for defense, but not as an investment. But a brand new Springfield Armory 1911 orXDM will no doubt increase in value in the near future. (If you have granddaddy's 1911 from the war, come see me. You might be sitting on a small gold mine.) Even the purchase of a Remington 870 pump shotgun will retain enough value after shooting it to make it a great trade in one day.

"Fair price" is very subjective. It is a function of condition and market saturation. If the gun is rare or very sought after and in good condition it will be worth a lot of money. Condition is condition is condition. It is either good, bad or like new. But market saturation is relative. Normally your gun market is the 50 miles around your home, but, with the advent of and other websites it is now the entire US. Again... the caveat. Shipping isn't free, you must purchase the gun online via a Federally Licensed Dealer in your state who will charge you to do the transfer, paperwork and background check and the negotiating deals online isn't everyone's forte. So, a $500 dollar shotgun in the hand is still worth two in the bush (Internet). If I can buy the same gun from my neighbor and it costs me $50 more I will do it rather than go through the stress and hassle of online purchasing. That being said, in the gun shop we consult two places when we value your gun. We consult the Blue Book of Gun Values and I suggest you do the same to arrive at a "fair price." Also, selling a dealer a gun is like selling a car. I will not give you what it is worth. I will give you less so I can make money selling it for what it is worth. (I can't keep the lights on and Beth's County Kitchen pork chops on my plate any other way.) Private sales always net more. You just have a better chance of selling it to me than to another person.

Most of us still visit a gun store to purchase a gun. Here are a few tid-bits to make your purchasing experience better. Nomenclature: It's a magazine not a "clip". Clips go in your hair. It's Smith and Wesson not Smith and Western. (Seriously, you sound silly... stop it.) It's pronounced St-ah-k (stock) not St-ah-lk (stalk). It's a hollow point, not a hollow tip. There are no Glock 40s. You mean a Glock 23 or 22 that is chambered in .40 caliber S&W.

Behaviour: Never walk into a gun store with your hands in your pockets. Never. Don't ask for a "cash deal" or ask for a "parking lot" price to have the gun off the books. It's offensive and illegal. Most gun stores don't mind if you legally carry a concealed weapon in the store, but do not show it to anyone. If you need to show the gun store employee your personal defense firearm go outside, unload it and return with it empty and the slide or action open. (Pulling a gun on me in my store could get you shot!!!) Best practice for bringing a firearm into a gun store is for it to be in a case. If you don't have a case, ask permission to bring the firearm into the store unloaded.

If you don't know much about guns ask questions. If you do not get good service because you are inexperienced with guns you should be offended. We pride ourselves at CMC on helping first time gun owners safely operate their new firearm. You deserve all the sales person's attention if this is your 1st gun or 50th. MOST IMPORTANT, do not attempt to sale your gun to another customer in the gunshop or in the parking lot. If you buy a gun on the premises of a licensed dealer you are required to fill out an ATF form 4733 and submit to an FBI background check. Other than being completely rude to the gun store owner, that has provided at great expense a place for you to discuss and purchase guns, it is illegal.

Finally, how do you protect your investment? Too many gunshop stories start with "I had a gun like that but it was stolen." If someone broke into your house and stole your gun from anywhere but a gun safe, I am sorry to inform you, but that is partly your fault. It is also your liability. We all know thieves live among us and we all know that failing to make reasonable accommodations for that puts us all in jeopardy. If I break into your house tonight and steal your gun and kill someone with it you could be held liable. Guns often require extra care in the eyes of the law. What may seem reasonable to us might not be enough. Please, protect your guns. Every gun stolen is ammunition for the anti-gun crowd. You make owning a fire arm harder when your guns are stolen. If you have any questions about firearms or firearms ownership just come by and see me at the gun store or visit any other reputable dealer.


The Logic Connection said...

Do you have any of those Bushmaker AR-15's with the high capacity clips in your store?

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