Late into collecting Lugers?

bronzeo · 03-13-2012, 12:35 PM

I certainly have waited for an expensive time to collect Lugers, but never the less will go forward cautiously. I have to date about 80 guns of mostly flintlock/percussion era, plus a few top breaks and then several pythons and the like..... I have always had an eye for the Luger, and have been reading quite a bit about them. The values are very diverse and complicated, although I have some descent reference material to work with. Prices on the gun sales sources (a wide variety) are usually much higher than spoke of in the reference books. What I need is to buy my first Luger, and I would like to get started in the right direction. I would like it to be a nice clean military issue, with a budget of between 1200 and 2500. Since this is an investment, I need to buy at a fair but bargain price. Could anyone suggest makers/models, that perhaps would be a good first experience in Lugers. Thanks much.

DavidJayUden · 03-13-2012, 01:29 PM

They all have their fans so recommending one over another is tough, sort of a personal decision. Buy a book or 2 and narrow your search. WW2 are a bit less ornate in finish, but allegedly make bettter shooters.
Some like Swiss, some Artillery, etc. Creep around the Simpsons, Ltd. web site and see what makes your crank turn.
And now is not a bad time to buy Lugers, as prices are down due to a sucky economy. Who knows what they will be worth in 10 years? I certainly don't, but I want them now, not later.
Welcome.
dju

Curly1 · 03-13-2012, 02:46 PM

Welcome to the forum, you are in the right place to get that info.

Do you care if it was WWI or WWII military issue?

alvin · 03-13-2012, 03:52 PM

$2500 can buy a very nice "Black Widow", which was made by Mauser in 1941 & 1942. Very popular and very distinctive. I hope I could have one. But with other desire,,,, probably I will try Mauser Banner instead, I like that banner over encoded names....

bronzeo · 03-13-2012, 04:46 PM

I guess I don't too much but since my collection to date is of a much earlier period, WW1 would be my first choice. I like the type of bluing finish better, I believe. I probably looking for a budget of about 1500.00 for my first one, and would like it to be service related. I went to the Simpson site. Many nice guns, but I think I have seen several equivalently prices at other sites. They really have a large selection there. ....I have the 2012 Standard Catalog of Firearms, which have a fairly nice detailed section on Lugers.

alvin · 03-13-2012, 05:58 PM

I got 2009 copy of that catalog. I bet 2012 does not change much. DWM WWI Military, 98% original finish, all matching, fine bore, unmarred wood, book value $1500.... that mission impossible on Simpson. Private sale maybe.

bronzeo · 03-13-2012, 06:43 PM

Yes, I agree, the catalog certainly doesn't match with the internet pricing, but the basic info was pretty informative. Still a lot to learn on the oddities. There is a lot of difference in enthusiast purchase and investment purchase. I'm just hoping to find a reasonable entry point that I can at least get my money back on and learn from there. Lugers, are the hardest that I have encountered to date because of the rareity factor. I'm just looking to get in at a get-out price until I learn more... Thanks for all the replies.

alvin · 03-13-2012, 07:13 PM

During gun show, I saw a few dealers inspecting Lugers sold to them.... gun owner/seller stood next to the tables, watching the process and waiting for dealer's offering price. According to retail listing price, I bet dealer's buying cash cost could not be higher than $1500.... so it's definitely possible. Those owners can sell to dealers, then, they can sell to you..... greenback is same.

mrerick · 03-13-2012, 08:50 PM

Hi Jack, and welcome to the forum.

Keep your eye on this forum. Every so often, some of the members do sell some pretty exceptional Lugers. The retail dealers are priced to cover their overhead and a profit. Often a collector can afford to sell something similar for less. I tend to think of the retail prices as the amount to insure a firearm for.

If you haven't already done so, consider getting a Class 03 Curio and Relic Federal Firearm License. It makes collecting much easier.

Marc

03-13-2012, 12:35 PM	#1
bronzeo User Join Date: Mar 2012 Posts: 7 Thanks: 4 Thanked 0 Times in 0 Posts	Late into collecting Lugers? I certainly have waited for an expensive time to collect Lugers, but never the less will go forward cautiously. I have to date about 80 guns of mostly flintlock/percussion era, plus a few top breaks and then several pythons and the like..... I have always had an eye for the Luger, and have been reading quite a bit about them. The values are very diverse and complicated, although I have some descent reference material to work with. Prices on the gun sales sources (a wide variety) are usually much higher than spoke of in the reference books. What I need is to buy my first Luger, and I would like to get started in the right direction. I would like it to be a nice clean military issue, with a budget of between 1200 and 2500. Since this is an investment, I need to buy at a fair but bargain price. Could anyone suggest makers/models, that perhaps would be a good first experience in Lugers. Thanks much.

03-13-2012, 02:46 PM	#3
Curly1 User Join Date: Oct 2005 Location: Upstate New York Posts: 1,234 Thanks: 116 Thanked 706 Times in 368 Posts	Welcome to the forum, you are in the right place to get that info. Do you care if it was WWI or WWII military issue? __________________ Laugh hard and often. Gary

03-13-2012, 08:50 PM	#9
mrerick Super Moderator - Patron LugerForum Life Patron Join Date: Dec 2009 Location: Eastern North Carolina, USA Posts: 3,907 Thanks: 1,374 Thanked 3,108 Times in 1,509 Posts	Hi Jack, and welcome to the forum. Keep your eye on this forum. Every so often, some of the members do sell some pretty exceptional Lugers. The retail dealers are priced to cover their overhead and a profit. Often a collector can afford to sell something similar for less. I tend to think of the retail prices as the amount to insure a firearm for. If you haven't already done so, consider getting a Class 03 Curio and Relic Federal Firearm License. It makes collecting much easier. Marc __________________ Igitur si vis pacem, para bellum - - Therefore if you want peace, prepare for war.

03-13-2012, 01:29 PM	#2
DavidJayUden Patron LugerForum Patron Join Date: Nov 2008 Posts: 4,047 Thanks: 578 Thanked 1,414 Times in 887 Posts	They all have their fans so recommending one over another is tough, sort of a personal decision. Buy a book or 2 and narrow your search. WW2 are a bit less ornate in finish, but allegedly make bettter shooters. Some like Swiss, some Artillery, etc. Creep around the Simpsons, Ltd. web site and see what makes your crank turn. And now is not a bad time to buy Lugers, as prices are down due to a sucky economy. Who knows what they will be worth in 10 years? I certainly don't, but I want them now, not later. Welcome. dju

03-13-2012, 03:52 PM	#4
alvin User Join Date: Jul 2007 Location: US Posts: 3,843 Thanks: 132 Thanked 729 Times in 438 Posts	$2500 can buy a very nice "Black Widow", which was made by Mauser in 1941 & 1942. Very popular and very distinctive. I hope I could have one. But with other desire,,,, probably I will try Mauser Banner instead, I like that banner over encoded names....

03-13-2012, 04:46 PM	#5
bronzeo User Join Date: Mar 2012 Posts: 7 Thanks: 4 Thanked 0 Times in 0 Posts	I guess I don't too much but since my collection to date is of a much earlier period, WW1 would be my first choice. I like the type of bluing finish better, I believe. I probably looking for a budget of about 1500.00 for my first one, and would like it to be service related. I went to the Simpson site. Many nice guns, but I think I have seen several equivalently prices at other sites. They really have a large selection there. ....I have the 2012 Standard Catalog of Firearms, which have a fairly nice detailed section on Lugers.

03-13-2012, 05:58 PM	#6
alvin User Join Date: Jul 2007 Location: US Posts: 3,843 Thanks: 132 Thanked 729 Times in 438 Posts	I got 2009 copy of that catalog. I bet 2012 does not change much. DWM WWI Military, 98% original finish, all matching, fine bore, unmarred wood, book value $1500.... that mission impossible on Simpson. Private sale maybe.

03-13-2012, 06:43 PM	#7
bronzeo User Join Date: Mar 2012 Posts: 7 Thanks: 4 Thanked 0 Times in 0 Posts	Yes, I agree, the catalog certainly doesn't match with the internet pricing, but the basic info was pretty informative. Still a lot to learn on the oddities. There is a lot of difference in enthusiast purchase and investment purchase. I'm just hoping to find a reasonable entry point that I can at least get my money back on and learn from there. Lugers, are the hardest that I have encountered to date because of the rareity factor. I'm just looking to get in at a get-out price until I learn more... Thanks for all the replies.

03-13-2012, 07:13 PM	#8
alvin User Join Date: Jul 2007 Location: US Posts: 3,843 Thanks: 132 Thanked 729 Times in 438 Posts	During gun show, I saw a few dealers inspecting Lugers sold to them.... gun owner/seller stood next to the tables, watching the process and waiting for dealer's offering price. According to retail listing price, I bet dealer's buying cash cost could not be higher than $1500.... so it's definitely possible. Those owners can sell to dealers, then, they can sell to you..... greenback is same.