H&k g3, ar10, h&k 91

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Ammo Al

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Due to an unfortunate series of circumstances (mainly bad luck and stupidity on my part) I had a number of firearms stolen.

They were all registered and the theft was reported to the police. The guns stolen included an H&K G3, AR10, and an H&K 91. The guns were inoperative, the bolts having been removed.

My problem is that I have to get a "price" for the guns for insurance purposes.

The AR10 was an FA, commercial (purchased from the factory and imported by the original owner).

The H&K G3 was an FA, commercial, (purchased from the factory and imported by the original owner), originally with a folding stock (also stolen) but replaced with green furniture and a heavy bipod. (Mounts at the rear of the barrel).

The H&K 91 was one of the first Black rifles I purchased (1976). I had a modified trigger group which let you "set" the trigger.

The DIFFICULT question is WHAT ARE THESE GUNS WORTH for INSURANCE PURPOSES????
 
If by FA you mean legally owned full-auto G3 and AR10 rifles then I'm thinking that assigning values to these firearms will be next to impossible due to their unbelievably extreme rarity. $10k, $20k, $30k maybe? I mean, what are the chances you'll be able to replace them?
 
Your best bet is to get 3 quotes from FA dealers - like; Marstar, Wolverine and Collectors Source or other dealers that work with 12.2's on the market value of those guns today. It won't replace them, but those dealers are the only folks with any idea of what they might be worth.
 
In Canada there isn't a real high value, as there are not that many people who can buy them. Insurance companies will
take this into consideration.
 
Master-G said:
If by FA you mean legally owned full-auto G3 and AR10 rifles then I'm thinking that assigning values to these firearms will be next to impossible due to their unbelievably extreme rarity. $10k, $20k, $30k maybe? I mean, what are the chances you'll be able to replace them?
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In the usa yes.
Here, it is the other way around.

The difference is that while the number of FA GUNS got capped in 1986 in the USA, the number of potential owners did not. So more people chasing a very few guns.
Here, the number of both GUNS and OWNERS was capped in 1978.
36 years later a lot of guys have passed away, so FEWER guys chasing the same number of guns drives the prices DOWN.
 
tootall said:
In the usa yes.
Here, it is the other way around. The difference is that while the number of FA GUNS got capped in 1986 in the USA, the number of potential owners did not. So more people chasing a very few guns.
Here, the number of both GUNS and OWNERS was capped in 1978.
36 years later a lot of guys have passed away, so FEWER guys chasing the same number of guns drives the prices DOWN.
Click to expand...
But insurance companies cover replacement value, not resale value, right? For sure, resale value on these is not that high, but replacement value I'd think is much higher. I'm thinking enefgee's suggestion is a worthwhile place to start--and ask them not how much these would sell for, but how much would you have to pay to replace them.
 
Master-G said:
But insurance companies cover replacement value, not resale value, right? For sure, resale value on these is not that high, but replacement value I'd think is much higher. I'm thinking enefgee's suggestion is a worthwhile place to start--and ask them not how much these would sell for, but how much would you have to pay to replace them.
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Lol be sure include the value of necessary bribes to various government officials.
If you were able to use the prices these guns would fetch in the US if they were transferable class 3s, you'd probably be looking at values of around 25k+
 
2 ways you can go about this:

1) if the insurance company wants an apple to apple comparison, get pricing from the US for a FA, from a Class 3 dealer.

2) Figure out what they are worth dewat.

Option 1 will give you a much much higher value. Possibly, you might be able to get a value some where in between 1 and 2.
 
tootall said:
In the usa yes.
Here, it is the other way around.

The difference is that while the number of FA GUNS got capped in 1986 in the USA, the number of potential owners did not. So more people chasing a very few guns.
Here, the number of both GUNS and OWNERS was capped in 1978.
36 years later a lot of guys have passed away, so FEWER guys chasing the same number of guns drives the prices DOWN.
Click to expand...

So are you saying there's a surplus of G3's, FA AR10's and HK91's on the EE because I sure don't see them?

To me these are Unicorns and unobtanium and therefore priceless. How do you put a value on something that you just can't get your hands on anymore?

You say the demand is not there like it use to be but I sure as heck don't see the supply at all to meet even the smallest demand for these firearms.
 
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Light Infantry: I was thinking that your suggestion is one I will have to go with. However even dewats can be hard to price.

I suspect that dewat price might be what the insurance company would accept.
 
The many gents I know with the correct licenses have what they want or can't be bothered buying more guns they can't take to the range. Only room for so many safe queens that can't see the light of day... Pre-46 12.6 pistols are an exception as they can be passed on to relatives.

Unfortunately such rifles are likely more valuable as dewats...
 
Light Infantry said:
2 ways you can go about this:

1) if the insurance company wants an apple to apple comparison, get pricing from the US for a FA, from a Class 3 dealer.

2) Figure out what they are worth dewat.

Option 1 will give you a much much higher value. Possibly, you might be able to get a value some where in between 1 and 2.
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DEWAT does not come into play here. Status does. I can and have bought the same guns for about $800 ea. Thing is they can not go to an individual whether they have 12.2 or not. This is where the value lies. I can dewat my $800 G3 and make $1000 by selling it to anyone, but that in no way places a value on a transferable 12.2 which is a closed and different market.
 
The only bad part in all this is that Insurance companies rarely (if ever) favour positively on the side of their clients.

I wouldn't be surprised if the company had some lawyers tell you $1 each because they are prohibited/unavailable-unobtainable.

In hindsight this is probably where authorized/certified appraisals come into play (if such things can be appraised.) I have no experience with these things, but I do have experience in dealing with insurance companies and they'll screw you every way they can.

Good luck!
 
Don't worry - since these firearms were registered, you'll have them back in no time.

*the above post is meant to be sarcastic*

That is truly a ####ty situation and I feel bad for you. Hopefully the insurance company will cover everything and the cops don't go fishing and throw the book at you for being a victim.
 
You can legally sell these firearms to U.S. buyers, through proper channels, proper auction houses ETC so you do need to consider that, and ensure you get the right value for them. Just because you are in Canada, and the firearms are in Canada, does NOT mean they don't have International Value.
 
mildcustom2 said:
So are you saying there's a surplus of G3's, FA AR10's and HK91's on the EE because I sure don't see them?

To me these are Unicorns and unobtanium and therefore priceless. How do you put a value on something that you just can't get your hands on anymore?

You say the demand is not there like it use to be but I sure as heck don't see the supply at all to meet even the smallest demand for these firearms.
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You know damn well what I mean.
 
tootall said:
You know damn well what I mean.
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No I honestly don't. On the rare occasion I've seen something full auto pop up it sells really fast so the dend must be there but the supply sure isn't. Wolverine posts a Vickers for $7500 and it sold instantly. So to me full auto is still in high demand while the supply is almost non existent making the OP's firearms worth a significant amount.

Another example from Wolverine who was clearing out a bunch of his full auto stuff is he had a Thompson, MAC10's and Israeli UZI all going for a 4 figure price and they sold in short order. There's a UZI for sale at Reliable Gun for $2000 right now. All of this seems to be a pretty decent chunk of change in my books so I wouldn't undervalue the OP's stolen full autos which I can actually say I've never seen up for sale ever.
 
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mildcustom2 said:
No I honestly don't. On the rare occasion I've seen something full auto pop up it sells really fast so the dend must be there but the supply sure isn't. Wolverine posts a Vickers for $7500 and it sold instantly. So to me full auto is still in high demand while the supply is almost non existent making the OP's firearms worth a significant amount.

Another example from Wolverine who was clearing out a bunch of his full auto stuff is he had a Thompson, MAC10's and Israeli UZI all going for a 4 figure price and they sold in short order. There's a UZI for sale at Reliable Gun for $2000 right now. All of this seems to be a pretty decent chunk of change in my books so I wouldn't undervalue the OP's stolen full autos which I can actually say I've never seen up for sale ever.
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It really makes me wonder if there is a government program that is buying them all up, or is it just some big collectors out there with deep pockets.
 
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