My mistakes have mostly been buying low condition guns needing work, having the work done, and getting upside down on the cost. My best deals have been buying nice guns from dealers that were seriously underpriced, which happens once every so often but not a lot. Its usually the other way around and I run like a scalded cat. Best advice I ever heard was "You make money on a gun when you buy, not when you sell," and "Cash is King." But I'm a shooter not a collector.
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