I'd like to post the following quote from a book on gun collecting:
"Is Luger collecting really dead? Some collectors are fed-up with paying the stupendously high prices commanded for the Luger and have turned to other fields, saying that that Lugers have "dried-up".
This paragraph was written in 1972, and appears in a book called " Collectors & Traders Guide to Gun Collecting". The prices listed that he is referring to seem quite reasonable, even by early '70's standard.
What is interesting is the comparative value of Lugers in this price list, since the authors list the common S/42's and 1920 commercials at $165, but Krieghoff at only $250, 02 AE at $500, 1914 Navy at $350, and Arty's at $200!!
Obviously the rarer pieces have appreciated by 20x, and the more common ones only by 10x, validating the old maxim of always save your money the best and rarest.
In any case, Lugers have been a good investment, I was collecting US civil war swords at the time, and a good M1860 calvary sword ran $200-300 then, today they are only around double that. In 10 years or less, when Arty's are running at $10-15K, we'll look back at the good old days of the early 2000's
Vince
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