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.223 for $10 a box, good deal or not?
beantownshootah
Member Posts: 12,776 ✭✭✭
One of the chain stores near me is currently offering a sale on production 55 grain brass cased Remington .223 ammo for $10 a box.
I haven't priced this stuff in a while, but this does seem pretty steep.
Is $0.50 a round actually the going price right now?
Should I buy it?
Edit: Natchez offers the same for $9 a box, though they appear to be entirely sold out.
http://www.natchezss.com/product.cfm?contentID=productDetail&prodID=RT23711&src=sim
I haven't priced this stuff in a while, but this does seem pretty steep.
Is $0.50 a round actually the going price right now?
Should I buy it?
Edit: Natchez offers the same for $9 a box, though they appear to be entirely sold out.
http://www.natchezss.com/product.cfm?contentID=productDetail&prodID=RT23711&src=sim
Comments
Check these auctions.
http://v4.beta.gunbroker.com/Auction/SearchResults.aspx?Keywords=.223+ammo
.50/rd is kinda on the high end of what I've seen.
Check these auctions.
http://v4.beta.gunbroker.com/Auction/SearchResults.aspx?Keywords=.223+ammo
Yikes! You might want to take a look yourself. . .
There is brass case stuff bid up to $0.60 cents per round, with a case of the same Remington 55 grain ammo currently bid at over 50 cents per round.
Meanwhile even some of the Russian steel case ammo is being bid up to 40 cents per round.
So it appears that 50 cents a round for this ammo is probably a fair, if not great price.
Funny!
Emmett
You most likley will see it again as soon as these guys stop driving up the market. There is no rime behind the reason that all of these people are buying like they are. How long do they think its going to last if they need to use it.
I'm not sure what you mean by "need to use it", but if there is some sort of civil unrest where the average schmoe needs to shoot off .223 rounds, you'd expect prices on such ammo to go up, not down.
I admit that $0.50 per round for .223 seems crazy (especially when milsurp .308 ammo, for example, isn't much more), and that there is a good chance that prices will subside a *little* bit, but I think the days of $3.00 per box (or 15 cents/round) .223 ammo are permanently gone.
Of course a big part of the current ammo shortage is hoarding by people afraid that the Obama administration is going to ban ammo, tax it, or require idiotic "microstamping" measures, driving up costs.
Part of it is just as a defensive measure in a time of economic stress. People are afraid of a breakdown in law and order, and in particular there has been a surge in border violence spilling into the USA from Mexico.
But part of it is just that overall demand is higher. More Americans own black rifles today than ever before. Now just about every small community has a SWAT team, and more and more police are using .223 rifles. This requires thousands of rounds of ammo for training and inventory.
If I were sold out, I would sell mine for $9 a box also.
Unfortunately, those that have it can sell it for $10 a box and not have to look for customers to do it, either.
It's not a great price but it's not a bad price and there are a lot of places where .223 is unobtainable where they would think it is a fantastic price.
Dan R
Maybe it won't keep on going up, but somehow I don't think this ammo is going to get any cheaper in the next 6 months either.
FWIW, the "regular" (non-sale) ammo is $12 a box, and there appears to be some of it left on the shelf.