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I think that's basically true for most gun purchases IF you hold on to them long enough. For the most part you break even with buying power when you sell. The advantage over a CD or most other investments is that you get the use of the gun over the same time period.The short answer for me is - not really. Buying guns is EASY. Selling guns is HARD.
Many years ago I bought an old Winchester .25-20. About 20 years later I sold it for twice the money. My wife was impressed! It sure did beat inflation. Now, of course, I exalted in the compliments and how smart I was doubling my money and all. I didn't worry her pretty little head with things like "opportunity cost" or how I could have stuck the money I spent for the rifle into a bank CD and more than doubled my money over that same 20 years (not to mention the stock market, etc.). When the rare opportunity arises where she thinks I'm smart, I just go with it.
Same here.I've never purchased a gun with any other intent than to use it and own it for a long time/lifetime.
A word about commemoratives and "tribute" guns (ie: banquet guns and such).Same here.
In fact, I've come home with some pretty nice guns form RMEF and Friends of NRA banquets. They would likely be worth more investment-wise if they remained unfired. Well, that ain't gonna happen.
The only time I've ever bought a gun and turned it around and made a fast buck, was when I was so happy with my .40 S&W Shield, I bought my wife the 9mm version. She could barely rack the slide (oops, my bad), so I sold it off quickly for a $20 profit in less than a week. Nice annualized rate of return in this instance, but I still don't recommend investing in Shields as a long term investment strategy.
This is true of many different "collected " items. Manufacturers have created collectable ,or limited specials of anything they want. Prices are high-ish at retail when they launch. If the target audience doesn't care, some of this stuff ends in the bargain bin. Most of the highly sought and valuable items are standard versions. Rarity is most important. And condition always sets the price.A word about commemoratives and "tribute" guns (ie: banquet guns and such).
Rarely do they increase in value very much more than the inflation rate, but more importantly the customer base to sell one is extremely limited. There are a few of the commemorative Winchesters that buck this general rule (John Wayne stuff for example), but by and large they do not increase in value anything like a true collectible (old) Winchester. A commemorative Winchester holds value only as long as it is new in the box, and even then it is imperative to sell to a commemorative collector to recover the investment. A commemorative collector that already has that edition will take no great interest.
Banquet guns, engraved or enhanced to highlight the Organization they represent are generally only of interest to those involved with that Organization: worth very little more (sometimes even less) than a plain jane of the same model.
@Bobbygun did right to take 'em out and shoot 'em.
Don't get me wrong. Winchester Commemoratives have a "value" that I like a lot: Find one that has been shot and/or does not have the box (therefore of no interest to a commemorative collector), and you can usually buy it in the price range area of a regular, unadorned Winchester.
With the heavy, long, new octagon barrel they are incredible shooters!
This is so true. Usually the "enhancements" amount to some fancy grips with maybe an elk (RMEF) or patriot (NRA) on them. Or, maybe the floorplate on the rifle has RMEF or NRA somehow embellished on it. So I say "shoot 'em!"Banquet guns, engraved or enhanced to highlight the Organization they represent are generally only of interest to those involved with that Organization: worth very little more (sometimes even less) than a plain jane of the same model.
I've got a buddy that bought a gun online when he fell asleep. He had it in his cart and woke up to a "thanks for your purchase" email."After perhaps too many beers, I have purchased a gun or two by holding my hand in the air for a prolonged period of time."
Bin dere, dun dat.
Lol! I was selling guns off to pair down the collection. Two years later I realize my net change is zero, but with two cans in jail."I've got a buddy..."
Yeeeah. Sher ya do. Uh-huh.