When did GP100's worth become $650?

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MikeJ

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Just had to share an experience I had today. My wife and I stopped at an estate sale to check things out and one of the items was a 4" stainless
Ruger GP100 priced at $400. As I was looking at it the guy running the sale told me, in all earnestness, that these guns are hard to come by and sell new for $650. I could hardly keep from laughing and blowing this guy's line of bull. As it was I just pretended not to know much about guns and moved on to look through the old stack of 45's; records that is.
 
Yikes

:eek:

NIB S&W 686Ps don't even go for that much (in general). Like anything else, for every raging good deal you see, their is at least one other outrageous ripoff.

IE: NIB 686Ps in eastern NC range from a low of $555 to a high of, drumroll please ...... $875!!! :barf: I mean, c'mon, the retail price at Smith-Wesson.com is listed at $752!

When I heard that price I asked if it included a 642. I was told that that was the going rate. Whatever.
 
I priced a new stainless GP100 at my local gun shop recently at $519 and gun prices are a little high where I live. I picked up a used 4" satinless fixed sight GP100 in about 85% conditoiin from that same shop for $275 . I think they retail for $615. If the gun is in brand new condition, It might be worth $400.
 
Maybe someone looked here and told him over the telephone "six-fifteen" and he heard "six-fifty".

Regardless, don't count on estate liquidators to know the value of what they are selling, or the gun market. They deal in occasional antiques and junk nobody wants any more. The actual owners of the gun will find out soon enough what it is worth, when they are forced to take it to a pawn shop to get rid of it. Until that point, you will never convince them the value of their revolver is $150-200.

The actual value of an item is only what you can reliably get for it when you must sell it, not what you can get for it if you hem and haw around and wait two or three months. Sad, but true. People learn the actual value of their possessions when they are forced into a sale, not when they hope for a sale. For a Ruger GP100, that value is about $150-200.
 
Don't you just love a saleman!!! When you have knowledge, you can chuckle about these things. But many going to an estate sale will expect low prices and simply buy on that basis.

Here's an example.... at a local pawn shop and saw a dusty old german made drafting compass set (Riefler brand)... asked how much; he said make an offer.... $10. He laughed and said they sell on ebay for over $50. Anyway bought the thing for $25 and discovered that they sell on ebay for just about what I paid or less. Knowledge. There is a sucker born everyday.
 
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