How much did you lose in the "panic season"?
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SleazyRider
Member
Big-time loser here
I lost close to 30 bucks overpaying for 5 tins of #10 Remington black powder caps at my local Ginder Mountain. Then I bought at Gamo Whisper air rifle for 200 bucks and installed a Charlie DeTuna trigger. I also bought an air rifle from CMP for 100 bucks. If this spending spree continues, my wife says I'll have to give up drinking and womanizing.
I lost close to 30 bucks overpaying for 5 tins of #10 Remington black powder caps at my local Ginder Mountain. Then I bought at Gamo Whisper air rifle for 200 bucks and installed a Charlie DeTuna trigger. I also bought an air rifle from CMP for 100 bucks. If this spending spree continues, my wife says I'll have to give up drinking and womanizing.
Gun Master
Member
No-thing.
Twiki357
Member
I didn’t lose enough to upset me, bought a P-11 for $300 that I can now get for $250. But I definitely lost out on opportunity for gain. Right before the panic I bought a NIB Saiga for $299 and I’m kicking myself for not selling it when they were going for $1,000+. But thanks to obama’s import ban, the price will probably be going back up.
Onward Allusion
Member
Ah, don't worry. The Saigas will climb back up in value. I don't think we're lifting the ban any time soon.
45_auto
Member
I figure that I lost about $10,000 on .22 ammo alone.
I could have easily sold a couple of hundred bricks/bulk boxes of .22 that I've been stocking up on since Obama got elected. Paid about $15 each, could have easily sold for $65. 200 x $50 = $10,000. But if I'd done that, my grandkids wouldn't be still shooting a couple of thousand rounds a month after 2 years of no .22's. We're still good for a couple of more years at the current rate.
Probably lost easily twice as much on centerfire ammo as I lost on .22.
Figure all that potential lost profit by not selling out my .223, 7.62x39, .308, 9mm, .40, .45, etc, etc would easily be $20,000.
Missed out on all the big profits on AR's, FAL's, AK's, etc. Easily lost $1,000 per gun by not selling at the peak. Another $30,000 or so down the drain there.
Reloading supplies aren't quite as bad, maybe $5,000 total. Missed out on selling 100,000 primers for an extra $20/k. That's $2,000 right there. 80 lbs or so of rifle powder for an extra $20/lb would have been $1,600. Same for pistol powders.
So altogether I figure that by still having all the guns, ammo, and reloading supplies I wanted over the last couple of years, and still having enough to easily last me another couple of years, total cost in lost opportunity has been around $65,000 so far.
On the other hand, my 401k went up almost 10 times that much, so I'm pretty happy overall!
I could have easily sold a couple of hundred bricks/bulk boxes of .22 that I've been stocking up on since Obama got elected. Paid about $15 each, could have easily sold for $65. 200 x $50 = $10,000. But if I'd done that, my grandkids wouldn't be still shooting a couple of thousand rounds a month after 2 years of no .22's. We're still good for a couple of more years at the current rate.
Probably lost easily twice as much on centerfire ammo as I lost on .22.
Figure all that potential lost profit by not selling out my .223, 7.62x39, .308, 9mm, .40, .45, etc, etc would easily be $20,000.
Missed out on all the big profits on AR's, FAL's, AK's, etc. Easily lost $1,000 per gun by not selling at the peak. Another $30,000 or so down the drain there.
Reloading supplies aren't quite as bad, maybe $5,000 total. Missed out on selling 100,000 primers for an extra $20/k. That's $2,000 right there. 80 lbs or so of rifle powder for an extra $20/lb would have been $1,600. Same for pistol powders.
So altogether I figure that by still having all the guns, ammo, and reloading supplies I wanted over the last couple of years, and still having enough to easily last me another couple of years, total cost in lost opportunity has been around $65,000 so far.
On the other hand, my 401k went up almost 10 times that much, so I'm pretty happy overall!
RBid
Member
I was on the other side of the counter, in Oregon, in the wake of the Clackamas Town Center shooting and Sandy Hook. I made a lot of money. I over paid a combined $50 on two "happy sticks" for a Glock, and picked up a virtually unused G23 for $400 at the height of the hysteria, while bringing in thousands of extra in bonus.
This, despite repeatedly telling people that I didn't see another AWB passing.
It was ridiculous. You couldn't convince people to save money.
This, despite repeatedly telling people that I didn't see another AWB passing.
It was ridiculous. You couldn't convince people to save money.
HOWARD J
Member
I didn't lose anything
there was nothing to buy
H
I asked Dillion why they don't make an M1 carbine case gage & they said there is no demand for MI carbine used brass----
there was nothing to buy
H
I asked Dillion why they don't make an M1 carbine case gage & they said there is no demand for MI carbine used brass----
rskent
Member
Quite a bit I guess. The excess shipping charges because of quantity limits pretty much killed me. But if you want to shoot. . .
HRnightmare
Member
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- Jul 30, 2014
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- 630
Just before It was obvious that John McCain was loosing I bought about 10 stripped AR lowers, about 100 Lower Parts kits, hundreds of Pmags, Glock, SA, M&P, AK...all the most popular high cap ban mags and a few AK and AR drums. A dozen or so complete AR upper receivers.
After about the first year of Obama's term (early 2009) after casually selling them off here and there, I had sold about 25-30% of what I bought and had recouped pretty much 100% of what I paid.
When it became obvious that Romeny had no shot against Obama I sold my old beat up Olympic Arms AR for more than what I apdi for it 8 years prior, made one of the new ones I had assembled "mine", set the now "free" lowers to the side because those were for my potentail builds in an AWB not for resale and sold the remaining mags, parts kits and accessories.
I now have a tacklebox type box with probably enough parts to build 6-7 lowers, 10 stripped lowers, 2 complete uppers, 20+/- Tapco AK mags, 75+/- AR Pmags, a Korean 75rd AK drum, a Korean AR drum, a Adam Arms piston AR and probably about $6-7K
Not long after my mini dachshund needed spinal surgery that cost roughly around the same amount as what I paid. So unfortuantely I didn't get to buy an MG or build an SR25 or something like I had hoped...but I did not have to dig out my checkbook and got probably a few grand worth of consolation prizes to show for it.
I am sure I will be given hell for it but like someone above me said I held a gun to no one and forced them to buy my stuff. It is simple free market capitalism, supply and demand. I ad what they wanted and I offered them at a very fair price compared to others who were selling the same things given the current market.
I still to this day source many online retailers that are known to offer deep discounted accessories and deals and purchase them up with intent to sell them later. I recently sold a few nickel boron BCG's band new for less than the manufacturer was selling them for and made about $25 each on them. The buyer got a good deal and I made a few bucks. This is funding my AR10 build so I don't feel bad about not taking it away from the fence or hardwood my wife wants.
My Dachshund just needed eye surgery last week... so maybe Karma is biting me in the rear through my dog. Damn you Karma!!!
Ignition Override
Member
A bit extra for four bricks of .22LR at .10/rd.
As for 7.62x39, buying it only After the panics cool off, anytime cash is justified.
With numerous large cans of 7.62x39 (.21-.22/rd.), both retirement and the next panics should be covered.
As for 7.62x39, buying it only After the panics cool off, anytime cash is justified.
With numerous large cans of 7.62x39 (.21-.22/rd.), both retirement and the next panics should be covered.
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TomJ
Contributing Member
I bought an AR15 at a slightly inflated price and a case of cheap Russian ammo, as that's all that was available at the time. The AR 15 is great, but the ammo was unusable, either not firing or jamming the few times it did fire. To the credit of the owner of the LGS where I bought them, he took the ammo back in trade and refunded almost all my money, even though I held on to it for well over a year (too busy to do anything with it, and didn't want to sell it to anyone else knowing it was useless). Purchases from them since then have been equally positive. He earned a customer for life.
Zaydok Allen
Member
- Joined
- Feb 12, 2011
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- 13,274
You did nothing wrong man. That's capitalism. Guns, ammo, and gun parts are commodities like anything else. You bought low and sold high. That's how people make money. It happens on Wall Street every day.
I had a Sig P556 Pistol I bought two weeks before Sandy Hook. All in, I had $700.00 in do dads, magazines, and ammo. I used Cabela's points so the total investment wasn't to bad. It had a Troy battle rail and iron sights. It was a nice gun. During the craze, I saw base models going on Gunbroker for $2400. I should have sold it as I ended up trading it away later. But I wasn't sure I didn't care for it until after the craze was over.
Oh well.
I had a PSA unfired AR15, 6 mags and 300 rounds of ammo. A firefighter offered me $2500 for it. I sold it to him for $1350 (I had less than $900 into it total).
He asked me why, and I said "when the panic is over, and the price of ARs has dropped back to normal, I don't want to feel like I took advantage of you". I was happy - he was VERY happy. I suspect he might not be as happy today.
He asked me why, and I said "when the panic is over, and the price of ARs has dropped back to normal, I don't want to feel like I took advantage of you". I was happy - he was VERY happy. I suspect he might not be as happy today.
browningguy
Member
I made a good bit of money during the panic. I already had plenty of ammo (my wife had suggested during Obama's first campaign that we keep 4 years worth of ammo on hand), and had way more guns than I would ever need. I sold a KT SUB2000 for double what I paid, a KT SU16A for $650, a frankenAR for $1200, and several hicap pistols for about 50% over retail. And all to a local dealer who couldn't get any more guns from the distributors. I just showed him what I had, he made an offer, I went home happy.
PistolPete45
Member
Bought some extra ammo as available. 44 specials a few 38's for the wife . Did motivate me to set up a reloading room .I had bought almost everything needed in 92 -95 Had several hundred rounds of old brass but not in 44.
J_McLeod
Member
Nothing. I refused to buy at above market prices. However, I haven't shot my .22s since 2012.
I didn't lose anything because I knew what was going on and didn't buy into it. I did decide to sell a couple of items at the height of the panic and then wait until now to spend the money when the bubble burst and prices plummeted.
Fred in Wisc
Member
Overpaid for an AR lower, but only by $100.
But on the flip side, traded 2 bricks of bulk 22 for a pair of old single shot shotguns. And got a good deal on a 22 rifle from a fella who wanted to sell probably because he couldn't get ammo.
But on the flip side, traded 2 bricks of bulk 22 for a pair of old single shot shotguns. And got a good deal on a 22 rifle from a fella who wanted to sell probably because he couldn't get ammo.
ny32182
Member
My only regret is not selling more stuff when the market was way up... I won't repeat that mistake.
I did pay $90 for 3 pounds of Titegroup that I really "needed" at the time.
A lot of us like to pretend otherwise, but guns are luxury non-necessity items and your life isn't going to be one bit different with or without yet another AR in the safe. You aren't trying to sell a bottle of water to a dying guy in the desert for $1k. If you put 10 pmags on gunbroker and someone voluntarily bids $500, I don't feel bad about it at all.
I did pay $90 for 3 pounds of Titegroup that I really "needed" at the time.
A lot of us like to pretend otherwise, but guns are luxury non-necessity items and your life isn't going to be one bit different with or without yet another AR in the safe. You aren't trying to sell a bottle of water to a dying guy in the desert for $1k. If you put 10 pmags on gunbroker and someone voluntarily bids $500, I don't feel bad about it at all.
alexander45
Member
Time mostly I never caved to the scalpers. I didn't buy at inflated prices but I spent time trying to find 22 and lost out on time I could have spent teaching and shooting with a coupla friends of mine because I couldn't find any 22
orionengnr
Member
- Joined
- Jan 3, 2005
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- 5,716
I did not buy anything, and did not sell anything.
I guess I "lost" the opportunity to shoot as frequently as I used to, because I refuse to pay outrageous prices for .22LR, and I refuse to burn up what I have...
I have enough primers, powder and projectiles to feed my centerfire shooting habit, but I voluntarily trimmed my shooting back because of uncertainty about being able to replenish those supplies.
I gave away a fair amount of .22LR to friends who had none. I gave away a bunch of brass, a fair number of primers, and several pounds of powder to friends who were starting to reload and could not find supplies.
So again, I loaded a bit less and shot a bit less.
No regrets, and no worries. It could be much worse.
I guess I "lost" the opportunity to shoot as frequently as I used to, because I refuse to pay outrageous prices for .22LR, and I refuse to burn up what I have...
I have enough primers, powder and projectiles to feed my centerfire shooting habit, but I voluntarily trimmed my shooting back because of uncertainty about being able to replenish those supplies.
I gave away a fair amount of .22LR to friends who had none. I gave away a bunch of brass, a fair number of primers, and several pounds of powder to friends who were starting to reload and could not find supplies.
So again, I loaded a bit less and shot a bit less.
No regrets, and no worries. It could be much worse.
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