Prohibited gun values.

hatman1793

hatman1793

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A general disservice was visited upon owners of what we now call 12[6] Prohibited handguns. And while there are many fine prohibs out there that might attract a superior price, most don't and shouldn't.
I know that many prohib gun owners/sellers believe that the intrinsic value of their prohibs have not changed, but they have, and not for the better. You can see this for yourself when you visit the EE exchange for pistols/revolvers and see all the BTT's. That generally means that most are not interested at that price.
Since the prohib market was created by those nasty Liberals, it appears to me that unless you have an outstanding pistol/revolver that is desireable to most viewers, the value of most prohib guns is low. Sales of prohibs in the secondary market is driven by price and that price has to be low.
I'm just making some observations.
 
Owners of the 12(6) guns, particulary "less desirable" ones, are going to have to lower their prices eventually. That or deactivate/destroy them.

I'm not going to spend $350-400 on a 4 inch Smith just to save it.
 
I agree as well. There are a few prohib's that have held their value (derringers come to mind) but for the most part the value is slipping away.

Imagine what it will be like 20 years from now......
 
I have to agree as well, some 12(6) revolvers have retained their value somewhat, big bore (44 cal and up) N-frame S&W's and Colt Pythons are doing ok so far. But some day they too will have to be at the current rate of the J-frame Smith's like the model 36 which I wouldn't pay over $250 for. Last year I got a VG+ I-frame model 30 S&W for $175 with a holster and a box of ammo.
 
Some prohibs are worth more to 12(6) people, many are worth less. I paid $900 for a Glock 19 that goes for $400-$500 in the US. Don't forget that prohibited handguns are still allowed into Canada for the police and military and if we work hard enough we will prove we need them too.

I take it you have some axe to grind? Did you see a gun you wanted but the seller was asking too much in your opinion?

Don't buy it.
 
Value of Prohibs

In some cases, they are way too low, such as my FN that was worth 5 times the current value 8 years ago. Full autos are still changing hands for pretty decent money, good quality 12(6) handguns are holding their value (potmetal crappers are not, of course), I can still get the same for an AK47 that they changed hands for in 1991 :)

There's a lot of doom and gloom out there, mostly spread by guys who missed the boat. A lot of people didn't - do the math - you had to be 18 in 1995 to own a 12(6), and 18 in 1992 to own a 12(5). That in my experience includes a LOT of people yet. AND about half the 12(6) prohibs were made before 1946 so can be passed to relations...

Yeah, it sucks if you weren't old enough (or smart enough) to own these guns before they closed the door, but get after the politicians, and get it changed :)

Just my thoughts!

Gunnar
 
The reason prices aren't dropping is because it's a closed market. You've got static supply and static demand, so there's not much reason for prices in general to decrease or increase until either a bunch of prohibs are exported/dewatted or most of the licencees die off (to put it crassly).
 
Some Avatar Right?

Getting back to my big rack, I mean, my point, is that since the market for Prohibs was artificially created, and that there is little to do about it, prices should re-align to lower values because they are so much less desireable.
It is happening in some cases, in others, it is not, so you see alot of BTT's.
I have realized that the prohibs I own, with the exception of two or three that are desirable, are just not worth the value I paid for them.
Case in point, my very nice S&W5906 and an equally nice 4006. Both all stainless steel, adjustable sights, the whole bit.
They are probably worth about C$250.00. No more.
 
If the rediculous 12/6 fiasco is ever eliminated watch the cost of prohibs skyrocket.I don't think it's wise to hold your breath though. :(
rfo1
 
Im 35, and I bought my first pistol before 95'. it was a browning .32 auto.
I got it because it only cost me $80. I now see it for sale in the $200 range.
But I see the entire 12(*) thing in a different light as many others. I am someone who appreciates new things, and sees the old things as "old". much like cars, I would rather see a new sports car than an old one.
I view many of the old 12(6) pistols as being "old junk" compared to new firearms on the market today.

And we dont generally hang on to old stuff too long, as we understand the older it gets the more it depreciates.
When your PC gets old you upgrade, when the TV is old, we get a new one. When our cars are old, we replace them too. Even our old worn out most comfortable pair of jeans gets replace when they are too old.
this is why I dont understand the expectation people have for a firearm to hold its value when its old. Yes, understandibly there will be some historic collectors items out there, but most of what I see is just "old stuff" that should be priced accordingly.

just my 2 cents.
 
GANDERITE said:
What has happened to the price of the full autos? I don't see any changing hands so don't know what they actualy trade for. I suspect they are worth a lot more welded up than operable.
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Most people who were grandfathered for full-autos are either dead or getting there. And even back in 1978 it was a very small group - only a few hundred people.

The same thing is happening with other prohibited firearms. With every year, the number of 12.x owners gets smaller, just as the Lieberals intended. Fewer buyers = lower demand = lower market price. Simple economics.
 
Priced right.

You can indeed fire 12[6] handguns if you are a club member and a have a valid ATT. That's not the point. Prohib handguns are what they are. The consist of a much smaller market of persons who can own them. Limited trading ability means limited value. Or so it seems to me.
Prohibs will sell readily if they are priced right.
 
hatman1793 said:
Limited trading ability means limited value. Or so it seems to me.
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In most cases this is true. I purchased an excellent conditon Model 15 S&W for $150 but add 2" to the barrel and it would command 4 times that much. I also owned a mint 4" Python that went for about half what a 6" version in similar condition would cost.

Some prohibs still command a premium. A 2-1/2" Python or S&W 686 won't be discounted much, if at all, compared to their longer brethern. Certain prohib autos are also still in demand such as a Sig P225 or Glock 19.
 
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