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Unread 03-02-2010, 11:36 PM   #8
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Bill: Unfortunate situation. A restoration will limit your market but there are likely enough who will be interested regardless. In the situation you might want to take a look at the "asking" prices on the major sites like Guns America, GunBroker, GunsInternational, Puglisi etc. There should be enough out there to compare condition to yours to get a ball park idea for asking price by averaging several of the comparable condition asking prices. Now add to that the cost of restoration and see how many are asking that price. I understand your point is to maximize your cash in hand at the end of the exercise. You certainly would want to fully recover the restoration costs and would hope to more than recover by a good percentage, otherwise, what would be the point. A bit of a gamble. If it were me, I would want to maximize my potential buyers for an unrestored gun that is priced in line with current market and leave a restoration decision to the buyer. Wish you well.
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