Value Going Forward

[Bill Murphy]

Historically, high condition and high grade guns have outperformed shooter condition guns. Smallbore and eight gauge guns have outperformed guns in other gauges. Of course, some people will just not buy high condition or high grade guns, nor will they pay the price for smallbore or eight gauge guns. That's OK, because the basic rule of gun collecting is "The profit is made on the buy, not the appreciation." In other words, collectors who are interested in the bottom line do not pay retail. If you are not buying in the top end of condition and grade, you must buy your average guns at a price where the appreciation is on the front end. In other words, if you buy a $1000 gun for $750, your profit is already built into the deal. All future appreciation is gravy. It is up to you to decide which group you want to be in.