Friday, September 25, 2009

Online gun auctions

Over at the High Road forum there was a discussion of gun prices, and commenter Willpete made the following observation:
One of these days, I'd like to start some sort of project where one compares the values of reasonably common firearms over the United States. I think it'd be interesting to see how much a .30-30 M94 goes for in LA, or TN, or PA vs. TX or MT or somesuch.
It's true that gun prices reflect regional variations. What sells in one part of the country seems to have less economic value (price) in another part. That's part of our large, vibrant economy and based on the idea that people place different values on things.

Another part of the equation is the condition of the item for sale. I've seen (for example) two rifles on the shelf together in vastly differing conditions. One virtually pristine, the other willfully neglected. The pristine one commanded a higher price than the neglected one. Other considerations that drive price are things like historical value, age, individual history, fit, finish, and buyer's perception. If the buyer perceives that he's getting a good deal, then he'll buy the piece. If not, he won't. Buyers can have vastly different perceptions for lots of good reasons.

However, there are a number of online sites that list perceived values of firearms. Places like Gun Broker and GunsAmerica. These online auction houses work like Ebay or any of the other auction sites, but cater to the gun trade. With one important caveat. All sales of firearms must be processed through a local Federal Firearms Dealer.

The way it works is when you bid on a gun, you contact the seller and give him the information on your local firearms dealer. If you win the bid, he ships the firearm to the dealer, who calls you and tells you your gun has arrived. When you get to the dealer, he completes the NICS check and you get to take your gun home.

No, Molly, you can't get a gun through the mail, unless you buy it from the US Government. The CMP still ships guns through the mail.

But, what Gun Broker and like sites have done is to set up a nationwide clearing house for gun values. I've never bought a gun through them, but I've used the resource to research gun values. If I can see what a like item is selling for across the country, I can judge whether or not the price is in line with what I'm seeing locally. That's valuable information regardless of what you're buying or selling.

4 comments:

Anonymous said...

While the on-line auction sites are a valuable resource, the novice should be aware that the history pages typically list ALL prices, not just the SELLING prices. Many items listed do not get bids, but the history will still show the item with the asking price listed. One needs to check and only use the price data from items that actually got bids and sold.

CU74

Anonymous said...

Here's an interesting place to look. I've bought and sold a few guns here.

www.seattleguns.net

Gerry N.

Bob said...

Don't forget AuctionArms.com. They are the offical online web auction site for the NRA. So if you want to help support the NRA and 2nd Amendment, use their site. You can use their advanced search to find out what guns have sold for over the past 90 days, a handy tool.

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