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What is a fair price???

mario3327mario3327 Member Posts: 60 ✭✭
edited January 2007 in Ask the Experts
I have a SS taurus millennium pro 9mm w/ 2 12 rd clips. I bought this pistol new in August 2006. I also had some custom work done at a local gunsmiths shop. I had cerakote finish put on all the internal parts as well as the inside of the barrel and all the buttons, such as safety and slide release. cerakote is a self lubricating finish and the gunsmith said the gun would not rust after applied. I also had a custom trigger job done. I bought a galco jac-slide holster for this pistol and still have the packaging. I also have 2 full boxes of Hornady XTP 124 gr. hollowpoints. I have only shot one clip of ball ammunition thru this firearm. I have case and all the paperwork with this firearm when purchased new. The truth of the matter is, I don't need this pistol. I have plenty of pistols but am in need of a good pump shotgun. I have a buddy that is interested in my pistol and all accessories but, do not know what a fair price would be. I have around $550 to $600 in everything, including custom work. Does anyone out there have an idea on what I just described???
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Comments

  • jbw1776jbw1776 Member Posts: 3,056
    edited November -1
    Hello Mario,

    Well it's tough to put a value on custom work, it doesn't always make the product worth more, but to certain people. An example would be like the folks that buy a new Honda Accord and then spend several thousand dollars putting all that ground effects, scoops, wings, etc. on it. Only worth something to someone that likes that stuff, worth less than new to me. Selling to a friend and selling online, like here on GB, can bring two different prices. Here, on auction, I'd doubt the custom work would bring much, if any, over the cost of a new Taurus pro, $350-400, maybe less. The reason being only someone that knows and appreciates what you've had done will be willing to pay a premium, the rest would rather have a NIB one that hasn't been messed with. By selling to a friend you might be able to get more for it, if he DOES like and appreciate what you've had done, and looks at it as a plus.

    In that condition, selling to a friend, with the ammo and holster I would think $450-500 would be fair.

    Ben
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  • perry shooterperry shooter Member Posts: 17,105 ✭✭✭
    edited November -1
    +1 ON JBW 1776. he explained the reasons behind his opinion very well ans I agree a seller should never expect to get his money back on having custom work done on a pistol unless it is done by someone with a long waiting list for his services.
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  • mario3327mario3327 Member Posts: 60 ✭✭
    edited November -1
    Actually, the gunsmith that did this work is very good at what he does. In fact, he is the only one that I know of in my state that does the cerakote finishing. However, I am very aware that I cannot get all of my money back. No matter what I have done to improve the gun, to the world, it is still a used gun. I wanted to give my friend a fair price but, at the same time, not take a huge loss at what I have invested in the gun. I told my friend if he wanted it, I would take $400 for everything. I thought I gave him a pretty good deal. Just wanted to see if the experts were in agreement. I just didn't want to charge him any more than he would pay elsewhere for the same thing.
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  • jbw1776jbw1776 Member Posts: 3,056
    edited November -1
    quote:Originally posted by mario3327
    Actually, the gunsmith that did this work is very good at what he does. In fact, he is the only one that I know of in my state that does the cerakote finishing. However, I am very aware that I cannot get all of my money back. No matter what I have done to improve the gun, to the world, it is still a used gun. I wanted to give my friend a fair price but, at the same time, not take a huge loss at what I have invested in the gun. I told my friend if he wanted it, I would take $400 for everything. I thought I gave him a pretty good deal. Just wanted to see if the experts were in agreement. I just didn't want to charge him any more than he would pay elsewhere for the same thing.


    You sound like a good friend and offered him a good price.[8D]

    Ben
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  • nards444nards444 Member Posts: 3,994 ✭✭
    edited November -1
    I would say 400 tops. Like others said, just beacuse you add custom doesnt make it worth more. Something you might like, everybody may not, so fo future if you get something you might be better off not adding anything unless you know your going to keep it, unless its minor things like grips, etc. Not that taurus isnt a good gun, i dont think they are going to hold value like others. But again 400 I think is good for both of you
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  • tsavo303tsavo303 Member Posts: 8,913 ✭✭✭
    edited November -1
    you gave him a better deal than anyone else is going to
    Custom work is money out the window at resale time, esp on a taurus
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  • mario3327mario3327 Member Posts: 60 ✭✭
    edited November -1
    The features that were added to this gun were intended for conceal carry only. The cerakote finishing was to protect against rust, when carrying. The galco holster that was purchased for this firearm does pull the firearm in very close. If carrying under a shirt and gun is against the skin,in summer months it would cause concern for corrossion due to sweat. The custom trigger job was to smooth up the tooling marks from factory and also lighten the enormous pull taurus put on this firearm. The gunsmith did a fantastic job on this gun. However, if you are not looking for a firearm for concealed carry purposes, the custom work is worthless to you. As I have said. I do realize this. My friend is on vacation and I do not know his intent for the firearm. He has not seen the firearm but did say he wanted first option to buy if I was going to sell. This gun may not suit his needs and that is fine. I just wanted to be sure I quoted him a fair price.
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  • nards444nards444 Member Posts: 3,994 ✭✭
    edited November -1
    Not to knock taurus or your purchase, but upgrading a taurus is kind of like pimping out a honda civic or something. Both descent peices but just arent worth it. By the time you had the taurus redone you were probably better off buying a Ruger or something else which is going to be better out of the box
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