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I hate to expose my ignorance but...
Oso2142
Member Posts: 2,940 ✭
what is driving the cost of this ammo so high?
http://www.GunBroker.com/Auction/ViewItem.aspx?Item=333672550
This is Kasey's auction, btw, and I was just looking at what she had up, and I noticed that the M2 ball was going for more than a buck a round -- and two days left...
Because it's in a sealed can, is it collectable? Or, is it because it's hard to find ammo loaded for the Garand, at this time, that the price is so high?
I know that ammo, period, is high, right now, but that doesn't explain everything. Well, if you have a simple mind, I suppose that would explain everything.
In advance, thanks for the edumacation. [:)]
http://www.GunBroker.com/Auction/ViewItem.aspx?Item=333672550
This is Kasey's auction, btw, and I was just looking at what she had up, and I noticed that the M2 ball was going for more than a buck a round -- and two days left...
Because it's in a sealed can, is it collectable? Or, is it because it's hard to find ammo loaded for the Garand, at this time, that the price is so high?
I know that ammo, period, is high, right now, but that doesn't explain everything. Well, if you have a simple mind, I suppose that would explain everything.
In advance, thanks for the edumacation. [:)]
Comments
ETA: A certain number of people think it will go even higher before the manufacturers catch up, and that is expected to be 6 months or more.
Simply supply and demand...
Yup. Supply and demand. Those of us who had the forethought to maintain a good "supply", have no "demand" for the expensive guns and ammo on the market today. [:D] Those who didn't, are fighting over the slim pickin's out there today. If you can, don't play the game. Just wait it out. [:)]
I've taken several courses in econ. But, if you guys want to explain elements of demand, and supply-side economics, feel free to.
Maybe MC will stop by?
I know nothing about that EXACT ammo, so I should not have responded with my stupid comments.
Have a nice day![:)]
That PARTICULAR ammo is in demand by M1 Garand shooters because the Greeks made it specifically for that specific rifle. If you shoot this, you do not have to worry about damaging your M1 op rod. It's good quality stuff. I bought a bunch from CMP a few years ago and can testify that it shoots great. [:D]
But since it's too high in price, and is in demand by M1 shooters......wouldn't that come right back to supply/demand?[:0]
There is no good factual supply and demand reason for it to go so high. It's people getting carried away in auctions, panicking over the current political noises, feeling the drive of wanting to win even though a win is a loss, all of that.
The most I have ever paid for similar old military M2 Ball is 85 cents a round and that was in the past month.
In other words, nobody knows about THIS ammo?
I've taken several courses in econ. But, if you guys want to explain elements of demand, and supply-side economics, feel free to.
Maybe MC will stop by?
It comes in a sealed can for when stuff hits the fan.
It comes with 24 enblocs worth at least $ 0.50 Each.
It comes with 6 bandoleers worth at least $ 1.00 Each.
The supply from CMP has virtually dried up.
CMP was selling this stuff for under $ 0.30 per round as recently as 5 - 6 years ago. This is good quality ammo, packaged so that it will last forever if you store it indoors. The spam can currently seems to add to the value of this stuff, my guess is for Garand owning preppers.
Hornady (IIRC) make new production Garand ammo, but it has been well over $ 1.00 / round since they started.
None of the above justifies more than $ 1.00 per round, IMO, so in general, the major driving force is, as others have noted, simple supply and demand.
Brad Steele
Panic.
less trigger time at the range.[:(]
Capt. Jack Sparrow.
As has been said...it's quality ammo, but not anything special, NOT the "reason" its being bid up.
The simple FACT, whether you understand it, like it, accept it, or not...the dummies are still in PANIC mode & willing to pay stupid price for ammo right now.
WHY? WTH knows, Ive heard "mag ban/AWB" Fed talk...but no "ammo ban" Fed talk, yet $15 bricks of .22 are selling for absurd amounts $75.00 to $150.00 bucks PLUS, no, it's not all economic supply & demand, pure STUPID is playing a huge part in the prices being paid...[;)]
yet $15 bricks of .22 are selling for absurd amounts $75.00 to $150.00 bucks PLUS, no, it's not all economic supply & demand, pure STUPID is playing a huge part in the prices being paid...[;)]
The other week, I actually sold some .22 ammo at those absurd prices; it wasn't "stupid" people buying it. Most I spoke with were well aware prices were ridiculous, but they wanted to go shooting, or replenish their supply from having gone shooting. They decided to buy, even though they agreed with me, that in all likelihood -- assuming no new laws are passed -- prices will settle back down and they'd be able to buy at much lower prices. They were willing to pay the premium to get the ammo now rather than buying at a discount on some (unknown) later date.
That's not uncommon consumer behavior. People will do things like buy soda at 4-5 times the price they could pay for it if they went to a discount store and purchased a large-sized bottle of the same stuff. People making a consumer decision is not being "stupid."