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Investment Pistol
cwbuff2000
Member Posts: 2 ✭✭
I may come in to a few $$$ by windfall.I'd like to buy a handgun for investment purposes,only.If all goes well,I'd like to spend between $800.00-$1200.00 I'm sure this is not a lot to most but is very much to me.I'm hoping that someone might tell me what type of pistol to purchase or an exact pistol to purchase.I want to get something that may grow in value over say 2 or 3 years.I've only messed around w/ military surplus firearms because:1 I've never been able to afford anything but.and 2:I only have a C&R license.If someone could point me in the right direction,I'd really appreciate it.Thank-you in advance. TK
Comments
In your choice, whatever type or period, emphasize condition & originality.
You should buy the gun you want to use or at least enjoy having & if it goes up in value that's great, if not then you get the enjoyment of owning it.
1. You have money to invest.
2. Maximum investment $1200.
Question: what are your intentions? You say monetary gain only? Firearms is a big risk, and return minimal. Unless you stumble upon that once-in-a-lifetime find. (Old lady selling her husband's guns, etc).
I have a feeling that since you are a C&R, firearms are somewhat of a hobby/passion. Buy what you like, hoping it will increase in value. Any firearm no longer produced can only but increase in value. But not enough for investment [read: financial security] unless you are willing to drop considerably more than $1200.
I've never heard of a firearms' investment portfolio being offered on Wall Street. No money in it. Go with what you like, because it's a passion, not an investment. Or put your money into a more reasonable return venue. Joe
EDIT: I digress, and apologise. Your question asked about a firearm. Well, within your cost parameters/condition, you may wish to contact GB member "rhossack". See if he will be putting his 1911 up for auction, or is otherwise willing to part with it. Joe
I wish that I was in your situation 20 years ago. That was when I could have bought a whole case of Russian SKS's for $60 per gun, now they are worth $400 each.
Most of that price rise is nothing more than inflation.
I would never recommend that anyone buy "things" solely as an investment. There are just too many variables to try to predict future market demands for "stuff."
The best advice I ever heard about buying "art" came from someone making a lot of money selling artwork he had purchased years before. His advice: Buy what you LIKE and WANT, if it goes up in value, you'll be happy with the return, if it doesn't, then you have had the enjoyment of owning something you wanted.
If you're coming into some money, I'd suggest picking a firearm to buy that you've always wanted to own, but could never justify spending money on. Shoot it if you want, or just store it and take it out to look at, it that is what you'd like. If it goes up in value and you want to sell it later, do so if you want. If it doesn't go up in value, you'll be happy owning something you really wanted.
...Yes, I am very biased when it comes to Colt, for many reasons, about the least of which is the money; and that's not to say they did have some runs (still do) of guns that bite. With some "smarts" and given your not a complete dolt, it is very hard to loose any money on a Colt or lots of other guns for that matter; it's ALL in knowing WTH your doing, if your a carpenter, you might not want to open up a nail salon
...I'm biased for several reasons. I'm a Colt fan,several reasons but to address your question; one of many reason's is because of the appreciation. Buy a nice Colt and you will not be dissappointed as it's value rises at a faster rate than most other nominal priced handguns.
...I don't know how much experience you have with hand guns/long guns...but if you have little, you would be far better off investing in an annuity. You cannot accumulate the knowledge to know what to buy and at what price, on a whim OR overnight and expect to make money.
...As for Colt's, you want pretty much a bone stock gun, not one that has been changed, proffessionaly or by anyone; the appreciation is in the originality of the piece.
...That does not mean you can't buy one and add some drop-in parts or change some springs etc. as long as you keep the original parts and are able to put the gun back to factory original, no harm no foul unless your alteration is permenant; such as a tang cut or porting the original slide etc.
...Colt's have and are appreciating at a fantastic rate, IF you know what to buy and at what price; that is where "know your gun" comes into play BIG time.
...Certain pre series 70's , series 70's, series 80's are reasonably priced and will appreciate at very nice rate, again, if you KNOW what to buy. IF you know what to buy you should know the going rate vs a steal, that said, you can even buy a nice Colt 1991A1 at a good price and it will still appreciate faster than most handguns of other brands; but that is not THE most desirable of Colt's, other models will appreciate faster.
...Though I will never sell a Colt there is one factor that HAS to be present in the buying equation when I buy, and that is to buy a Colt well under the going rate; in other words, it has to have at least $150++ equity built in at the time of purchase period...or I pass and keep looking. IF I can't turn around and sell the gun and MAKE at least that much profit the same day, as a general rule I will not buy it unless it is a "certain one" that Ive been looking long and hard for.
...Example: At least one of the last three Colt's Ive bought was undervalued buy a minumum of $300 to $500, seller was happy, and I was VERY happy [^]
...That is but one example. There is not a more fun, enjoyable way to have an investment that grows as aggressively and is as relitavely safe as buying nice Colt's.
..The amount of money you mentioned you are willing to spend is MORE than enough to buy a nice Colt to get started, but I cannot stress enough, if you do not know what you are looking for; you could end up with a gun that you paid too much for and having to wait for a year or two for the gun to appreciate in value to just the price you gave for it, which all in all is not THAT bad compared to other guns...but that is NOT what your looking for.
...Think of stocks, think long term and it's hard to go wrong with a Colt, not impossible but hard.
...Plenty of great deals out there to be had with a LOT of knowledge and I am no expert, I ask a LOT of questions here and elsewhere, but that is one part of the education process too. If your going to get "serious" with your endevour, be prepared to spend a lot of time checking prices DAILY (for me), learn the models and what to look for in a bone stock gun, be patient and buy right and Colt's will give you a lot of pleasure and a great rate of appreciation; in my case that will be passed on, worth far more than what I invested, luck...[;)]