Wow. Are people REALLY paying these prices for firearms right now?

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I suppose some people are paying that price. What shocks me is that Mitchell's Mausers seems to still be in business with what they're charging. I just bought a Kar98k and a WWII P38, sadly not as cheaply as post #19, but for a good deal less than Mitchell's charges ... espicially on the P38.

http://www.mauser.org/walther-p-38/
Presented here in a Collector’s Presentation Case, the P-38 comes in a French-fitted American Walnut presentation case that is serially numbered with the P-38’s serial number, forever tying them together! The case has a serially numbered Knights Cross that rests below the barrel. The inside is lined with heavy red velvet. The Presentation Grade P-38 is a tribute to engineering excellence, not to the governments that used it.

And for only $3,500 :eek:
At that price it's a tribute to snake oil salesmanship :rolleyes:

I'm still very early in the P38 learning curve, but Classic Arms and J&G Sales both still have P38s in stock for $600. Until they sold out of that year you could get an AC 1941 from Classic Arms for $640. According to sites like P-38.info the pistol has to be something like an ac40 to be worth anywhere near what Mitchell's is charging.
 
People who weren't prepared are paying the price now. My prediction is, the bubble will burst, there will be overflow of ARs / related merchandise which will make the prices drop to possible even "Before-this" levels. There's only so much money people will spend on guns before running out, and I believe we're already at that point.
I agree bubble will eventually burst. Having said that, I don't expect to see a flood of used ARs on the market. I suspect many folks will just keep them in their safe, closet, attic, etc just in case they need it in the future. They really don't take up much room and many who are after them right now realize having one is a good idea.
 
The people buying these guns fit into two criteria:

1) they have way more money than brains or

2) they are running up their credit cards and it will bite them in the end when prices drop (think real estate speculators right before the bubble burst).
People with adequate means can and will spend money on their passions. It has zero to do with brains. Billionaires spend hundreds of millions on yachts, but they remain rather smart and wealthy. You also have no idea how they finance their purchases (cash or credit).
 
I've turned this hysteria into a game.

I had four stripped lowers that I bought the Monday after Thanksgiving and have built two of them within the last four weeks at pre-CT prices. I have two complete lower build kits sitting on the couch next to me that came in today at pre-CT prices for the other two lowers. I picked up a Mini-14 about four weeks ago from a LGS that was the exact same price they were asking for it back in November. I had a box of PMAGs arrive last week at $12/mag. Grabbed a 1000 30 Carbine bullets and 500 primed brass at regular pre-CT prices. The only two things I can remember paying a slight premium on were some primers and an AR-15 bolt that I spent about $40 too much.

On the other hand, I have buddies who don't want to wait or hunt for the deals, so they are spending $1800+ for their ARs and $2/round for ammo.
 
It's the free market at work. We know that there are a lot of panic buyers looking for things they feel are likely to be banned. Demand is through the roof, and they have money. I'm hoping that when the Assault weapon/magazine ban fails, manufacturers will catch up with demand. Prices should theoretically drop, but like some of the other guys here, I think the prices will remain uniformly elevated above those of two years ago. I've been wrong lots of times, though.
 
I've bought some revolvers since the 'run on guns' started.

No price gouging there. :)

I agree Trent.... I the past month I have purchased a generation 1 colt detective with some wear (character) for $300 and a NIB Savage Hog Hunter in 338 WIN MAG for 375 OTD at cabelas....

Two nice guns for under $700.... Just have to look around and be willing to buy something not on the "hot list"......


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I don't want to go crazy on the political stuff since that's frowned upon here but I think that it's worth making a point or two.
Obama spent a year trying to ram Obamacare through before it passed. Who's to say that this current gun ban legislation will go away in a few weeks? I hope that it does but there's an unfortunate fact that needs stating.
There will be always be another madman committing a massacre. It may be in a month, six months, or next year. Another horrible shooting like Sandy Hook or Tucson and we may see a failed anti gun Bill resurrected.

Someone wrote in an earlier post that we live on credit. I agree. There's a lot of people charging guns and ammo. Who knows how long this will last?

The income tax refund checks will be arriving soon. Will this go towards guns and ammo thus extending the current ammo drought? I hope not.

I agree with the earlier posters that stated that a lot of the buying is local. I would worry more about buying a gun in the more restrictive states than I would in the more freedom loving areas. There's probably more panic buying in NY, CT, NJ, etc than in AZ, NM and Texas right now. Prices are still high and availability is in short supply here in VA. $1,300 Bushmasters are about average at this time. I saw some 50 round boxes of Federal 22lr for $10 yesterday. I'm glad that prices are dropping in some areas but I haven't seen it yet.

I think that this will continue until at least summer unless we get another massacre or a severe economic downturn. If either of those two things happen then this could become the new norm for a while.
 
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