How to Collect Guns for Maximum Return
Did you know that collecting the 1911 version of the Colt .45 can pay for your retirement?
A collectible item
I don’t say that as a bold claim. I don’t say that as hype. That’s the absolute truth. You see the market for collectibles have truly blown up after the invention of the Internet. It really has.
Prior to that point, if you were engaged in any kind of collecting, you have to go to the right conventions or you have to know somebody in the greater collecting community to get a good price for whatever it is you’re collecting.
Gun collecting is very different from comic book collecting for example. With comic books, there’s actually a commonly respected price guide that people would refer to when pricing their comics f or resale.
For example, if somebody collected comics from twenty years ago, instead of them asking people how much they would pay for it in an auction format, they would consult with the Overstreet guide for pricing. That’s how things were done in many collectible markets.
However, the problem here is, of course, the type of collectible. The comic book industry was lucky because comic books are fairly easy to catalogue. There are only so many comic titles published. There are only so many ways comic’s conditions can be described. There’s mint, near-mint and very poor.
Not so with guns. There’s no Overstreet guide for guns.
That’s why for the longest time, the only way you can really sell your gun collection to fellow collectors was through a public auction. The problem is these auctions were few and far between. In many cases, you are at the mercy of certain collectors showing up or failing to show up for you to get a good price. You’re basically at the mercy of the promoters attracting enough attention for you to get a decent price for your prized Colt 45 pistol.
When the Internet blew up, people can now go to eBay and bid on collectibles and there are also specialized websites that facilitate gun sales. This is when things turned around. At the very least, there are websites that facilitated gun sales by publicizing them.
Now, we have reached a point where gun collectors can get a good price for their guns, and this is why people are now able to retire just by selling their gun collection. That’s right. They collect guns and get a maximum return.
If you want to do this, here are some tips. First, you need to buy very rare guns that are in your budget. That’s the first thing that you need to do. You have to start with a budget, and you have to target rarity.
Second, you have to buy guns that have a steady rate of appreciation. This is very easy to research. You can tell whether a gun’s price is steadily appreciating over the years or it has plateaued or, worse yet, flat-lined and started to dip.
If you pay attention to these details, chances are you would be able to pick up the kind of guns that would be able to get a maximum yield in coming years. Of course, the more you do this, the better you get at it. It’s not one of those things that fall into your lap.
This is not just one of those things that you get good at just by doing it once. You have to engage in many auctions. You have to basically get a lot of experience for you to be able to earn maximum returns from your gun collection. It is not only possible, but it is actually quite probable.
It really all boils down to the kinds of guns you buy in your timeline. It also helps if you’re a good negotiator because you can go to all sorts of private sales to hook up with potentially expensive guns that the old owner let go for a song. Yes, I know that sounds like a fantasy, but this actually happens quite a bit. It doesn’t happen frequently enough, but it does happen.