Luger Inflation?
Like every thing else, had the value of lugers increased or cost more? Are they harder to sell for at least as much as you paid? Eric
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I'm down to owning one Luger. Ones that I sold went for what I paid or a small profit. Other firearms that I have sold, same outcome.
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In answer to Eric's question, I took 6 of my high condition, desirable Lugers and compared their current value to inflation. I used an online inflation calculator which uses the year of purchase and tells you how much those dollars are in 2022. These six Lugers were purchased between 1978 and 1996. I value these between $3,500.00 and $5,000.00 each. Based upon my calculations these 6 Lugers would now have a combined value/profit of $6,210.00 more than I invested after accounting for inflation. So a good/positive investment. But, this assumes that I get 100% of what I valued them at. Also, I left out a couple Lugers I knowingly way over paid for (that I had to have), because it would have negatively affected the value of the group.
So, if I were to sell these Lugers I would recoup my investment with a little profit hopefully after deducting sales costs and any discounts on price to get them to sell. But alas, I will never see a dime, as these Lugers will be passed on to my children. My Lugers and other firearms have increased in value over the years. But I did not buy them as investments. I bought them to use and enjoy. I have used and enjoyed my Lugers and other firearms for decades, so I am truely in the black! |
I didn't buy any of my guns as an investment.
It's a hobby and a lifelong curiosity that motivates my small collection. But, my feeling is that most guns are not good investments. The ones that are, I think, are way out of my price range. However, I don't think they lose value as fast as other collectables like cars. The stock market is where I do my investing. But, I think sdmark777 is right - my guns are for my own enjoyment and possibly an heir. I think that inflation has gone up faster than most gun values, particularly in the last 10 years. I'm anxious to get back to some local gun shows and/or trade with another collector. I really prefer a dealing with a collector who can share knowledge and provenance when I buy a gun. |
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