New Shotgun Purchase (Did I Pay Too Much?)

bc1969 · Apr 3, 2011

I just purchased an Ithaca Model 200e 12 gauge double barreled shotgun (28" barrel) from a friend. He let me have it for $200. Neither one of us was sure what the value of the shotgun is currently. It is in great condition and has barely been fired. So I'm throwing the question out to you guys. Was $200 a fair value?

honda53s · Apr 3, 2011

shotgun joe will be replying shortly. sweet piece

august1410 · Apr 3, 2011

Yes. On Gunbroker, they are going for $900 and up.

Great score!

fivepointstar · Apr 3, 2011

OMG...that prrrrrrrrrrrty

Bigdtc · Apr 3, 2011

A used single barrel SG is around $100.0 +/- ... So, you prolly did good just on that account.

bc1969 · Apr 3, 2011

The camera picked up some reddish dust. That is not rust.

blackthorne · Apr 3, 2011

This is the older generation of Japanese made Ithicas (lighter and more robust than the newer versions). This one is an ejector gun with a bbl selector (that's the button in the trigger). Even with the minor scuffs I see in the pictures, it's worth between $1,000-1,200. Good snag.

tdt91 · Apr 3, 2011

Nice gun but you only get 2 shots with it. I'll sell ya a 6 shot Mossberg + the 200 you paid and we will call it even. How about it?

august1410 · Apr 3, 2011

tdt91 said:
Nice gun but you only get 2 shots with it. I'll sell ya a 6 shot Mossberg + the 200 you paid and we will call it even. How about it?

Beat me to it!

MikeTF · Apr 3, 2011

I really like it. I want one, especially for that price.

bc1969 · Apr 3, 2011

tdt91 said:
Nice gun but you only get 2 shots with it. I'll sell ya a 6 shot Mossberg + the 200 you paid and we will call it even. How about it?

Ha, nice try

bc1969 · Apr 3, 2011

blackthorne said:
This is the older generation of Japanese made Ithicas (lighter and more robust than the newer versions). This one is an ejector gun with a bbl selector (that's the button in the trigger). Even with the minor scuffs I see in the pictures, it's worth between $1,000-1,200. Good snag.

Now I have a moral dilemma. The person who sold this to me is a close friend. If that is the true value I feel obligated to at the very least let him know and maybe give him more cash.

MikeTF · Apr 3, 2011

bc1969 said:
Now I have a moral dilemma. The person who sold this to me is a close friend. If that is the true value I feel obligated to at the very least let him know and maybe give him more cash.

That's what I would do. If the gun is worth more, offer more. If he's a great friend, he may refuse it and say, 'a deal is a deal and I'm happy you like the gun.' You never know. I respect your ethical conscience. Very nice!

august1410 · Apr 3, 2011

bc1969 said:
Now I have a moral dilemma. The person who sold this to me is a close friend. If that is the true value I feel obligated to at the very least let him know and maybe give him more cash.

If your conscience tells you so, then do it. I have to admit, I would be in the same quandary myself.

Honesty goes a long way in this day and age, as it is sadly too rare.

Drmsparks · Apr 3, 2011

bc1969 said:
Now I have a moral dilemma. The person who sold this to me is a close friend. If that is the true value I feel obligated to at the very least let him know and maybe give him more cash.

Go to gunbroker and search the closed auctions for the last couple of months.

Make sure the guns you look at are exactly the same as the one you bought. Little things make some collectors bid stupid money.

You are most definitely a stand up guy!

Pensfaninmd · Apr 3, 2011

tdt91 said:
Nice gun but you only get 2 shots with it. I'll sell ya a 6 shot Mossberg + the 200 you paid and we will call it even. How about it?

The3clipser · Apr 3, 2011

You paid $200 for a $900 gun?

OH IT'S KINO · Apr 4, 2011

bc1969 said:
Now I have a moral dilemma. The person who sold this to me is a close friend. If that is the true value I feel obligated to at the very least let him know and maybe give him more cash.

I would DEFINITIVELY verify that the gun is truly worth 4x to 5x what you paid for it. Once you find out it is, I think the honorable thing to do would be to try and give your friend a few extra bucks for it. Kudos for the integrity and honesty. Sadly, it seems to be far less common than you would think. It's an admirable thing!

MikeTF said:
That's what I would do. If the gun is worth more, offer more. If he's a great friend, he may refuse it and say, 'a deal is a deal and I'm happy you like the gun.' You never know. I respect your ethical conscience. Very nice!

august1410 said:
If your conscience tells you so, then do it. I have to admit, I would be in the same quandary myself.

Honesty goes a long way in this day and age, as it is sadly too rare.

Drmsparks said:
Go to gunbroker and search the closed auctions for the last couple of months.

Make sure the guns you look at are exactly the same as the one you bought. Little things make some collectors bid stupid money.

You are most definitely a stand up guy!

pop-gunner · Apr 4, 2011

Gunbroker can give you an idea of what things are selling for but not a source for real value. I suggest buying the blue book of gun values and getting an accurate value for the gun. You've already underpaid and want to make things right so you should find out want right is. You will also have the book handy so you don't run into this problem again.
http://www.amazon.com/gp/product/18..._m=ATVPDKIKX0DER&pf_rd_r=0M4HD2H073QFXCJ2AM8H

bc1969 · Apr 4, 2011

pop-gunner said:
Gunbroker can give you an idea of what things are selling for but not a source for real value. I suggest buying the blue book of gun values and getting an accurate value for the gun. You've already underpaid and want to make things right so you should find out want right is. You will also have the book handy so you don't run into this problem again.
http://www.amazon.com/gp/product/18..._m=ATVPDKIKX0DER&pf_rd_r=0M4HD2H073QFXCJ2AM8H

Thank you.

New Shotgun Purchase (Did I Pay Too Much?)

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