Luger Hoarding~~~
 

Debbie referred to me today as a luger hoarder. She points out the fact that I never sell what I have and try to convince her the next one will be my last! I explained to her that collecting is like my luger IRA. Any better excuse! Debby is my third wife and by far the best!!~~She reminds me that 3 strikes and I'm out!! Eric

:thumbup:I use the same argument concerning all my firearms.

I have always taken my wife to shows and to shops when I purchase a addition to the collection. I always show her the blue book price and what it cost us, so additions were always looked at as a investment. Every now and then I would be asked if we had enough. So far I've been able to keep on collecting.

Jeffrey

In medieval Europe folklore told that vampires could only enter a house if invited across the threshold. An old Southern play on this is to have the new acquisition delivered to a local friend. When you are away from the house, he brings the new acquisition in an old case to your house and gives it to your wife. He tells her he is returning your gun. Your wife brings it across the threshold and all is well.

I dunno...My first wife was a short brunette; my second was a tall blond...Most of my friends had no trouble telling them apart... :confused:

did lugers have anything to do with the first two?

Tom No! Thats why I still have them! In Florida guns generally go to the husband and the wives gets to keep her jewelry. Its considered an irrevokable gift! I don't believe they trust them with all those guns and ammo in the first place!! Then there is bankruptcy! The law allows you some means of protection so make sure you chose your favorite and try to make a deal with the trustee for the rest if possible! Eric

Owning a few Lugers is better than owning race horses, boats, or collecting Ford Pintos, Corvair Monzas, and AMC Gremlins.:thumbup:

Lower cost, take up less space, less maintenance etc.:)

And can be concealed much better! My only problem for a ten year period I was only collecting ex-wives and other bad vices! I bought my first luger in July 2003 when I became a member~3100 posts later! I wonder who has posted the most? He deserves a Luger Wrist Watch !!

My wife has an appreciation for the gun collection since I took the time to show her information from NRA that they will give you an annuity for your collection. So in effect that is like an IRA. They have an appraiser do an evaluation on the guns and that is what you go by. So at the rate we are going, as the market goes up from time to time, we have a growing investment that is convertible into a retirement plan.
Thanks
Jack

Lugers are "slow" assets, much like other real property.

The pricing is dependent upon supply (which is fixed, and perhaps dropping) and demand (which has been consistently increasing).

I think that the key is to properly document acquisitions and their cost, and then periodically re-check their value. This should be documented over time, including the dates of calculation.

It's probably not a good idea to keep these things secret, or try and misdirect family on what you're spending / investing. There are stories of inherited guns being sold for the prices the buyer mentioned to the family. You know... $75 Lugers...

Marc

Like other collectors on this forum, we know what we paid for our collections and what the fair market value for our own collections are worth. Firearms and accessory's including reference books should be tracked on a spreadsheet and updated yearly or at least every two years for our family's to have a cost and value of collection. I have tagged every piece of my collection and used a spreadsheet to reference the tag number showing when, who I purchased from, cost, current value, comment section, and attached jpeg pictures on that line of the item.
Like everyone here I fear upon my departure that the collection would be given away for pennies on the dollar. The wife and I have worked together on our collection and I have tried to bring my sons into our interest and only hope that they would pick up where I left off and run with it. Only time will tell, but the seeds have been planted and I feel that they will carry the collection forward.

Jeffrey

Eric

Don't worry, I think you are in good company as I see we all seem to share the excuses, the same problems and the same fears.

Sergio

Or just not mention them in the bankruptcy papers ?

No, you have to list them as an asset. You are allowed certain exemptions up to a certain amounts governed by Federal law and the bankrupcy code for certain household items! http://bankruptcy.lawyers.com/bankru...verything.html

She kicks you out??? :eek: I haven't had that problem...Mine have only been too happy to leave me... :thumbup:

...Sometimes they leave skid marks... :D

Keep her away from her girlfriends, lawyers, the internet and life insurance salesmen! All of which is impossible!!!

Eric,

Might we ask how many strikes you have so far?

Regards,

Gunny John


(Notice I've not said anything about "****." :thumbup:)

GUNNY! Stop that! (some Marine habits never die... do they Gunny?) - John S.

John, I'm taking the 5th on advice of counsel! Ps I'm on my third and hopefully my last!! Debbie is the one who rescued me in Costa Rica when my then was trying to yank me off of life support in Punta Rainus. I had sustained a subdural hematoma after a fall and my prospects were bleek. She was told I would have a good chance if she could bring me back to a US hospital. She borrowed $20K on an emergency home equity loan to pay for the air ambulance back home while still in a coma! A large Life Insurance policy is not always a great thing to have even if they are mutual~ It was a very troubling experience!! I thank God everyday for Debbie and for another chance, not to forget all of you for the support and patience given in the past decade! Thanks to Debby and all of you it turned out to be my stroke of luck!!!

Blush, Blush...Opps!

I couldn't help myself. It was sooo obvious. Like Mr. Skelton's "mean widdle kid," "if
I dood it I dit a whippin'. I dood it anyway."

I won't dood it any more.