Investment purchase?

[honkeoki]

I need some advice from more experienced gun-buyers.

Yesterday, at my local range, I saw a S&W 4" .44 in stainless steel with CTAC laser grips... looking remarkably like this:

... and the price was $425.

Lately I've been thinking of buying guns as an investment (because you can't take stocks and securities out of the safe and fondle them...). If this revolver is in good working order, would it be a good investment buy?

I'm open to suggestions.

Thanks, all.

 

[1 old 0311]

Check gunbroker.com. you can see if it is a good deal.

Kevin

 

[Gunsnrovers]

If you're shopping for guns priced in the $400 range, you're not investing.

 

[GUNKWAZY]

Investment as a collectible, NO. Not a rare gun by any means.
Investment as in a good buy for the money , YES.
The Crimson Trace grips are probably a $175-$200 purchase and the 629 used will run you between $400-$500 depending on condition.
I would think you would normally spend in the $550-$600 range to put that combo together.
So, for $425, it sounds like a wise investment if the gun is in good shape and good working condition.
That is, if you were looking for something like that.
If it's a 4" 44 Mountain gun it would even be better price wise.

As far as the gun going up in value in the near future though, I checked with my magic 8 ball and it said "Don't count on it".

Just my 2 pesos worth.

Jeff (GUNKWAZY)

 

[Thirties]

With the exception of a Lorcin or similar gun, all guns are good investments, in the sense their value will appreciate over time -- never going down. That is unless you pay way to much for them.

But let's not kid ourselves, guns are for shooting. They are not financial instruments. They are personal property. Unless you are a gun trader. But your message didn't suggest you are a trader of guns.

 

[kennedy]

I believe in buying quility guns, in very good condition, is a good investment(I like the fondling part also). I buy some guns to shoot, and the rest as an investment. So far, guns I have kept 3- 4 years have always returned a nice profit, which is used to buy more guns!! every once in awhile you buy something that never goes up(S&W 669 for example) and am happy to get out of it what I have in it or pretty close, but they are the exception, just like the ones you thriple your money, also the exception. So go for it.

 

[Davevand]

I was talking with a guy at the range a while back and he actually told me that he took out a loan to buy a gun. It was an HK P7?? in 40S&W, don't remember the detail. But he said he bought it as an investment, but he was shooting it. Seem to me that if you are buying for an investment, you should not be shooting it at the range.

 

[Old Fuff]

Modern guns are seldom good SHORT TERM investments, but they may do well over the long hall. I know of an individual who started buying guns after World War Two, and recently sold the collection to obtain money to support his retirement. During what might be called his "working life" he enjoyed the guns. When he sold them they brought in enough to do what he wanted.

Could he have done better with stocks and bonds, real estate, (whatever)? Maybe, but he prefered to go with SELECTED guns. All investments are an up & down thing, but it is best to stick to something you understand.

Because of labor costs and other economic realities surrounding gunmaking, the ones being produced now have to be designed to take these things into consideration. Older, HIGH QUALITY guns made by name makers are increasingly selling for prices well above what they originally cost. I believe this trend will continue, but obviously all older guns are not valuable simply because they are ... well ... old.