I used to bring 2 or 3 of my Lugers to all the gun shows in case I saw something I couldn't live without. Over the past 6 or 8 months most of the dealers/collectors I speak with are not interested in doing any trading that would increase their inventory, they are only looking to sell inventory, I stopped bringing my guns to the shows for now.
I think most dealers bought inventory 8 to 10 months ago when some folks were unloading assets as the economy turned south and people needed money to pay bills.
Now money is very tight and as Ed stated Lugers values are down about 20%, most dealers right now are going to hold their inventory rather than eat the 20%, hoping the price will go back up. I don't see alot of them bringing Lugers and other high end collectibles to the shows.
Not only are Luger values down, but I see the black Rifle (AR-15's) market prices starting to drop as well.
I can't say this is true for the whole country, but it seems to be the case for south and central Florida. When building stopped, the whole state has been hit hard. Most guns being sold are for personal or home defense. You only have to look at the number of CCW permits that are being issued to see the change in the gun market and the types of guns being sold.
Have you tried to buy any .380 ammunition lately ?
Just my .02
__________________
The "truth" is a matter of Perception
|