Posts Tagged ‘used’

postheadericon How To Price A Used Gun

If you’re like me, you opened your gun safe after the holidays and realized somebody’s gotta go. Looking through my pistol and rifle selection, I tried to gauge what I could part with and what was worth the most.

That Mosin Nagant from 1934? I picked it up for $ 120 back in 2008. Gunbroker offers me the same one for $ 375. But what’s the value I can actually get from it from either a gun shop or private sale?

If you’ve ever been stuck in this situation, I’m here with you to try to work through pricing in a used gun or sale.

Depreciation For Guns — “It Makes No Sense”

Cars depreciate value the second they go off the lot. However, if they survive long enough, they become valuable again. However, it takes a very long time before a 1992 Mercedes-Benz becomes worth its original purchase price. You may have to wait 100 years. It may also need to be kept in very decent condition in order to command that price.

A gun is a good. It is something you can hold in your hand and use for a purpose.

An antique can be a good but isn’t used as such.

An antique firearm, such as an original Sig Sauer P210, isn’t typically used as an everyday defensive shooting piece. It’s a collector’s item — something relished and preserved by the owner.

The value of an antique firearm is completely separate from its value as a good.

This can get confusing when dealing with a gun that has existed for a long time — such as a CZ-75B. The CZ-75B is both a surplus pistol and a competition pistol. There are multiple markets that seek out CZ-75Bs.

The price that a used gun commands seems to be related to the following:

  • Relative abundance on the market
  • Number of years it has been out
  • Condition it was maintained in
  • (LOCAL) Demand on local market
  • (ONLINE) Demand in online market

There are traditional ways to gauge a gun’s used value. A lot of gun stores use a book like the Blue Book of Gun Values. A more informal tool is searching for the gun on a gun brokerage website like gunbroker.com or Bud’s Gun Shop.

But how does this play out in the real market?

Actual Used Gun Sale Experience Versus Theory

Last year when I took a handgun to my local Mom & Pop gun shop to use as a trade-in, I looked up the value of a gently used version on gunbroker.com. I knew that the pistol commanded an approximate value of $ 345.

Hint: It was a used Walther PPS Gen 1.

When I handed it to the gentleman over the counter, I was surprised when I got quoted 50% of that for trade-in value. And I was even more miffed when I got quoted a little over a third of that value for sale.

Come on! I thought to myself. This is a good gun! I love this gun! How can it only be worth $ 120 for store sale?

Misery loves company, I looked over at the 1911s and the cheapest one I could see was a used Rock Island Armory one for $ 500. How the hell do 1911s retain their value but this awesome pocket carry pistol doesn’t?

It’s not fair! I screamed in my own head.

I ended up taking the trade — not knowing now what I know.

My Approach To Selling A Used Gun

I’ve developed my own algorithm for selling excess inventory of firearms. I don’t typically sell guns. If I did, I’d get an FFL. On the off chance I am selling a gun, it’s because I need to clear out space for either a new one or just clear out space.

Here is my basic algorithm on how I sell a used gun — based upon the laws in my state.

Rule #1: Don’t sell to felons.

You can quickly determine if a person is a felon by using an FFL for the transfer. You give the gun to the FFL. The FFL makes the buyer submit to an ATF Form 4473. There’s usually a fee attached and maybe a few hours wait. Problem solved.

That’s pretty much the easiest way to determine if the buyer is a felon.

Any other way, you’re taking a risk. However, evidence of a current concealed carry permit or similar may be a positive sign that other person is considered a responsible party.

Rule #2: Know the laws in your state governing the private transfer of firearms.

Because my state doesn’t regulate the sale or purchase of non-NFA firearms, I’m allowed to sell my guns to people I know. I’m also obligated to not sell my firearms to known felons or people not allowed to possess firearms. Your state might have different rules. Look them up. When in doubt, consult an attorney.

Rule #3: Sell To People You Know First

There’s a couple people I know that are always on the look out for that next gun. They’re collectors. If I have a particular gun that I think is a good grab, I’ll let them know. If they’re not interested or doing the teeter-totter, I move it online.

Rule #4: Online Sales Through An FFL

There’s FFLs who will sell your gun on consignment. They take a cut of the proceeds and take care of the interstate transfer issues. If you don’t have an FFL and want to sell your gun across state lines, this is the best approach.

Rule #5: Local Sale Through Armslist

Armslist (and similar sites) link up interested buyers with sellers. You’ll get bombarded by interested parties. Most of them fall off the face of the earth within moments. Quite a few of them will have ridiculous requests (“hey man, could you sell for $ 3 and a bag of donuts?”). The good thing about it is it can be a local sale. Find a location that makes sense for you to meet up. Think security. Obviously you’re in the market to sell a gun so choose your meetup location wisely.

If you’re at a loss for where to meet, you can check with your local gun shop to see if they will either facilitate the transfer through an FFL or allow you to conduct a private sale in their parking lot.

To date, I think I’ve sold two guns in my life through Armslist. I got the buying price I was looking for and didn’t have any issues with the buyer. Both sales were done through an FFL and the buyer paid the $ 35 fee.

I did better than I would have done in a trade-in or consignment situation and I still managed to get the cash I was looking for.

  • Know the relative value of your gun.
  • Know how common it is on the market.
  • Know when to drop your price.
  • Know when to ask for help (FFL, attorney, police, etc.).
  • Know your state laws.

Have fun and carry on!

Concealed Nation

postheadericon FOLLOW UP: Woman Who Thwarted Kidnapping Reveals Gun Used, And Incident Details

MOLINE, ILLINOIS — In a story that we brought you last week, we saw a woman defend herself against a kidnapper with a large knife in a parking lot. Now, the woman gives the whole story and shares the experience with everyone during an interview with local news.

Her Glock 42 saved her life that day.

“The grace of God is what saved me, and the sense to have calm, and have my weapon, ” Diane McIntire told a reporter during an interview.

What we didn’t know is that the kidnapper, 61-year-old Floyd R. May, made McIntire drive for 20 minutes until he made her pull over on a rural part of the road.

“He apologized for the cut in my arm,” she said.

“He also said I know you can identify me. I know it’s kidnapping.”

Watch her interview below:

The initial story tells us that McIntire was able to get her gun and point it at May, which ultimately made him flee to a nearby home.

For the whole car ride, she didn’t have a move to make until May made a crucial mistake.

“He got out of the truck and the butcher knife fell onto the ground and he got out to pick up the knife, I opened the console and grabbed my pistol. I went ahead and got out of the truck. I had the gun at his chest, and I told him do not come near me,” she recalled.

“I said, if you come near, me, I’m going to shoot you.”

She says May retreated to a house, and she took off in her truck. She drove herself to a hospital, and called police.

“I didn’t want to take a human life, if I didn’t have to. If he took one more step toward me, my finger was already squeezing the trigger, and yes, I would have shot him. There’s no doubt in my mind,” she said.

There is no telling that McIntire’s fate would have been if she didn’t have her Glock 42 with her — and what would have happened if she were unable to get to it.

McIntire made the decision to get her concealed carry permit three years ago. Back in 2013, Illinois became the last state in the country to allow it’s citizens to carry concealed. With this timeline, it wasn’t long after the law was enacted that McIntire applied for her permit.

And if Illinois hadn’t passed concealed carry, McIntire may not have made it out of this terrible situation. It goes to show how important it is for citizens to be armed, if they choose, to defend themselves when they need it.

Concealed Nation

postheadericon This Young Woman Used A Concealed Carry Method That’s… Not Recommended

By John Boch via The Truth About Guns

Deep concealment took on a whole new meaning in McLean County, Illinois on Friday. Police stopped a 20-year-old Missouri woman, Amika Witt (above), for doing 90 on I-55 at 5:00a.m. During the traffic stop, police became suspicious. During a search, cops found heroin in Ms Witt’s bra and Ecstasy in some other unspecified location on her person. But the surprises didn’t stop there.

Later, when corrections staff processed her into the county jail, they discovered a fully loaded Kimber CDP .380 pistol concealed in her vagina.

While one might think vaginal carry would be dangerous (not to mention awfully uncomfortable), it does provide deep concealment. At the same time, it probably doesn’t do so much for the gun’s finish.

In fact, there are probably lots of good reasons not to tuck a firearm into any body cavity. Especially a pistol with some sharp edges like the Kimber .380.

As a result of her failed concealment efforts, Ms. Witt now faces a slew of bonus criminal charges.

The Bloomington Pantagraph has the details:

Witt is charged with armed violence for possessing a weapon during the alleged commission of a felony and while in possession of drugs, and possession of a controlled substance with intent to deliver.

A passenger in the car, Clinton McDonald, 29, of Springfield, Mo., was charged with unlawful possession of heroin with intent to deliver the drug, and unlawful possession of Ecstasy.

After Witt was taken to the McLean County jail, a female correctional officer found the Kimber .380 caliber handgun inside the suspect’s body, said Roberts. The gun had a fully loaded magazine and “a bullet in the chamber ready to fire,” said the prosecutor.

Fortunately, Ms. Witt didn’t suffer an accidental discharge in her clandestine pistol-packing. We’d probably name her our irresponsible gun owner of the day, but she has enough to deal with now with all of those felony charges. Just to be safe, though, someone should really remind her of the first rule of gun safety: never point a firearm in an unsafe direction.

Concealed Nation

postheadericon NY Hospital Shooter Used NY-Legal AR-15

By Nick Leghorn via The Truth About Guns

MSNBC is reporting that the shooting at the NY hospital this afternoon used an AR-15 that had been “modified” such that it didn’t have a pistol grip and used a magazine with only 10 round capacity. Those changes mean only one thing: the rifle was legal under the NY SAFE Act, the assault weapon ban, and legal in New York.

The city of New York (where the shooting took place) has additional restrictions on firearms, including licensing for rifles and shotguns within city limits. It also prohibits semi-auto rifles, making this firearm legal in the State of New York but banned in the City of New York.

The fact that a properly modified and neutered AR-15 was used in a “mass shooting” event such as this will no doubt raise questions. For those in the pro-gun camp the typical response will probably be to claim that this is proof that things like the NY SAFE act doesn’t work, and “assault weapons” bans are meaningless attempts to make guns look less scary without actually making them less deadly. Those in the anti-gun camp will no doubt claim that this is proof that the NY SAFE Act and assault weapons ban aren’t strong enough, and need additional regulations to promote safety.

Stay tuned for more information.

Concealed Nation

postheadericon Released Android malware source code used to run a banking botnet

ESET researchers have discovered a new variant of botnet-forming Android banking malware based on source code made public a couple of months ago.

The post Released Android malware source code used to run a banking botnet appeared first on WeLiveSecurity


WeLiveSecurity

postheadericon Demystifying targeted malware used against Polish banks

The purpose of this blog is to deliver technical details of an as-yet minimally documented malware that has made headlines in Poland.

The post Demystifying targeted malware used against Polish banks appeared first on WeLiveSecurity


WeLiveSecurity

postheadericon Malware ‘used as part of a wider toolkit’ in Bangladesh Bank attack

Malware used by cybercriminals to carry out one of the biggest cyberheists in history is thought to have been “part of a wider attack toolkit”, according to a BAE Systems’ security researcher.

The post Malware ‘used as part of a wider toolkit’ in Bangladesh Bank attack appeared first on We Live Security.


We Live Security » Languages » English

postheadericon [VIDEO] What To Look For When Buying A Used Handgun

Our friend and YouTuber TheFireArmGuy sure does have some great video content, and many times the topics are things that we may not consider. In this video, he touches on 5 different things that you should be looking out for when … Continue reading
Concealed Nation

postheadericon Compromised Uber accounts ‘being used in China’

It has been reported that compromised Uber accounts are being used by criminals in China.

The post Compromised Uber accounts ‘being used in China’ appeared first on We Live Security.


We Live Security » Languages » English

postheadericon Point-of-Sale vendor has used the same admin password for 25 years

A major vendor of point-of-sale terminals has not changed the default passwords used on its devices in a quarter of a century, researchers have revealed at RSA 2015.

The post Point-of-Sale vendor has used the same admin password for 25 years appeared first on We Live Security.


We Live Security » Languages » English