Have MG prices gone up, or are sellers nuts?

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  • Mike OTDP

    Active Member
    Feb 12, 2008
    3,141
    I'm browsing through GunBroker ads for subguns, and the prices being asked are insane. As in ~30% over what they were a year or so ago. Are these actual 'getting' prices, or is this just another example of sellers with fantasies?
     

    bcr229

    FFL/SOT
    Jul 15, 2011
    767
    Inwood, WV
    Inflation. People with $ want to put it into something that typically doesn't lose value. Besides, it's not like you can take a stock certificate to the firing range and have fun with it.
     

    Mr Pew

    ( う-´)づ︻╦̵̵̿╤── \(˚☐˚”)/
    Jun 18, 2022
    72
    Rockville
    #putinsMGpricehike
    Welcome the American peso.
    sad-bummer.gif
     

    cantstop

    Active Member
    MDS Supporter
    Aug 10, 2012
    6,740
    MD
    Welcome the American peso.
    No no no. With MMT you can print all the money you need and there is no long term effect. After 30 years of 2-3% inflation, we are just adjusting to a typical 4-5% inflation that should have occurred over that period. Once we make up that 60-90% increase in prices we will settle back into a sustainable rate of 4-5% inflation again. This has a minor impact on the ruling cabal since they can just vote themselves a salary adjustment to maintain their previously suppressed salary increases.

    The economists have been predicting this for years. Folks like Sanders and AOC understand the simple logic involved here.

     

    E.Shell

    Active Member
    Feb 5, 2007
    8,501
    The right side of the grass.
    No no no. With MMT you can print all the money you need and there is no long term effect. After 30 years of 2-3% inflation, we are just adjusting to a typical 4-5% inflation that should have occurred over that period. Once we make up that 60-90% increase in prices we will settle back into a sustainable rate of 4-5% inflation again. This has a minor impact on the ruling cabal since they can just vote themselves a salary adjustment to maintain their previously suppressed salary increases.

    The economists have been predicting this for years. Folks like Sanders and AOC understand the simple logic involved here.

    I feel like I lost IQ points reading the article at that link.
     

    IMBLITZVT

    Active Member
    Apr 20, 2009
    3,635
    Catonsville, MD
    Yes, prices are up almost across the board. A few are not to bad, some have gone insane. The normal sellers are pushing this and having to back off a bit on some. However prices are going up for sure.

    If you guys remember, I started years ago talking about selling off a few guns to buy a MG (Mac in specific). When I started that, it was about $3k. I said, sell off like 6 average pistols and you are there. Then it got to 10 and then it was sell some guns and add a few bucks. Now that same gun is approaching $10K. Thats right, the best starting MG is now $9-$10K. The day of talking an average shooter who like full auto into a Mac is coming to and end. At this point, we have moved onto those very dedicated and those with money. The young are all but priced out unless very dedicated.

    Right now you are seeing Machine guns going up 25% in the time it takes to transfer. I have a West Hurley Tommy gun that has been with the ATF since last August 2nd. I paid $20k for the package. Sold the parts kit for $2.5k out of it. Its got $1K of mags and $3K worth of work done to the gun. That means gun price was $13.5K of so. The same gun at the time was selling for between $15k-$16K. So you can see I waiting for a good deal and basically got the upgrade work done for free. However that basic gun is selling for $20K+ today! Asking price for sellers and at auction is over $20K pretty much every time! The gun has not even transferred.

    Now, before some get going, no MGers don't like this. Sure its cool to have a gun I paid $2.5K for now worth $10K and one I just bought at $13.5K now $20K+. However I to am being priced out of other guns I still want! I am getting to the point where I just can't see spending the that kind of money on a gun. I am not selling the guns now or hopefully any time soon! I plan to shoot my guns for hopefully another 40 years, God willing. I would much rather have my $2.5K gun worth $500 now and give me a chance to buy 2 or 3 or 4 of them. My collecting has gone from expensive to super expensive. To compare to some, say Glocks are $500 guns, how would you feel for a $2.5K average Glock, same Gen? Sure your Glock is worth a lot more than is use to be but if all pistols are that price, how happy would you be? How many would you buy is the average pistol was $2.5K? This is only good for sellers and the only people who are sellers are those who are getting out of the hobby.

    This could be inflation but I feel like its something more. In 2008-2010, we did see high end MGs take some pretty big hits! I saw $40K 50 Cal Ma Duces get sold at half price. However the average guns stayed about the same, maybe $500 less. Its looking like we are heading for some harder times, so maybe that will come into play. Or maybe salaries will increase to meet inflation but I don't see that happening yet!
     

    cantstop

    Active Member
    MDS Supporter
    Aug 10, 2012
    6,740
    MD
    I feel like I lost IQ points reading the article at that link.
    Yeah, I should have put the interview with "She’s a former economic adviser to Democrats on the Senate Budget Committee and the Bernie Sanders 2016 presidential campaign" warning in there.
     

    lazarus

    Active Member
    Jun 23, 2015
    10,030
    Yes, prices are up almost across the board. A few are not to bad, some have gone insane. The normal sellers are pushing this and having to back off a bit on some. However prices are going up for sure.

    If you guys remember, I started years ago talking about selling off a few guns to buy a MG (Mac in specific). When I started that, it was about $3k. I said, sell off like 6 average pistols and you are there. Then it got to 10 and then it was sell some guns and add a few bucks. Now that same gun is approaching $10K. Thats right, the best starting MG is now $9-$10K. The day of talking an average shooter who like full auto into a Mac is coming to and end. At this point, we have moved onto those very dedicated and those with money. The young are all but priced out unless very dedicated.

    Right now you are seeing Machine guns going up 25% in the time it takes to transfer. I have a West Hurley Tommy gun that has been with the ATF since last August 2nd. I paid $20k for the package. Sold the parts kit for $2.5k out of it. Its got $1K of mags and $3K worth of work done to the gun. That means gun price was $13.5K of so. The same gun at the time was selling for between $15k-$16K. So you can see I waiting for a good deal and basically got the upgrade work done for free. However that basic gun is selling for $20K+ today! Asking price for sellers and at auction is over $20K pretty much every time! The gun has not even transferred.

    Now, before some get going, no MGers don't like this. Sure its cool to have a gun I paid $2.5K for now worth $10K and one I just bought at $13.5K now $20K+. However I to am being priced out of other guns I still want! I am getting to the point where I just can't see spending the that kind of money on a gun. I am not selling the guns now or hopefully any time soon! I plan to shoot my guns for hopefully another 40 years, God willing. I would much rather have my $2.5K gun worth $500 now and give me a chance to buy 2 or 3 or 4 of them. My collecting has gone from expensive to super expensive. To compare to some, say Glocks are $500 guns, how would you feel for a $2.5K average Glock, same Gen? Sure your Glock is worth a lot more than is use to be but if all pistols are that price, how happy would you be? How many would you buy is the average pistol was $2.5K? This is only good for sellers and the only people who are sellers are those who are getting out of the hobby.

    This could be inflation but I feel like its something more. In 2008-2010, we did see high end MGs take some pretty big hits! I saw $40K 50 Cal Ma Duces get sold at half price. However the average guns stayed about the same, maybe $500 less. Its looking like we are heading for some harder times, so maybe that will come into play. Or maybe salaries will increase to meet inflation but I don't see that happening yet!
    I see it more likely an sharp economic downturn is going to have a lot of people trying to sell off a few guns to get by. Unfortunately a lot of people who bought a first gun or two during the pandemic rethink being a gun owner when they are jobless.
     

    dannyp

    Member
    MDS Supporter
    Oct 30, 2018
    941
    Yes, prices are up almost across the board. A few are not to bad, some have gone insane. The normal sellers are pushing this and having to back off a bit on some. However prices are going up for sure.

    If you guys remember, I started years ago talking about selling off a few guns to buy a MG (Mac in specific). When I started that, it was about $3k. I said, sell off like 6 average pistols and you are there. Then it got to 10 and then it was sell some guns and add a few bucks. Now that same gun is approaching $10K. Thats right, the best starting MG is now $9-$10K. The day of talking an average shooter who like full auto into a Mac is coming to and end. At this point, we have moved onto those very dedicated and those with money. The young are all but priced out unless very dedicated.

    Right now you are seeing Machine guns going up 25% in the time it takes to transfer. I have a West Hurley Tommy gun that has been with the ATF since last August 2nd. I paid $20k for the package. Sold the parts kit for $2.5k out of it. Its got $1K of mags and $3K worth of work done to the gun. That means gun price was $13.5K of so. The same gun at the time was selling for between $15k-$16K. So you can see I waiting for a good deal and basically got the upgrade work done for free. However that basic gun is selling for $20K+ today! Asking price for sellers and at auction is over $20K pretty much every time! The gun has not even transferred.

    Now, before some get going, no MGers don't like this. Sure its cool to have a gun I paid $2.5K for now worth $10K and one I just bought at $13.5K now $20K+. However I to am being priced out of other guns I still want! I am getting to the point where I just can't see spending the that kind of money on a gun. I am not selling the guns now or hopefully any time soon! I plan to shoot my guns for hopefully another 40 years, God willing. I would much rather have my $2.5K gun worth $500 now and give me a chance to buy 2 or 3 or 4 of them. My collecting has gone from expensive to super expensive. To compare to some, say Glocks are $500 guns, how would you feel for a $2.5K average Glock, same Gen? Sure your Glock is worth a lot more than is use to be but if all pistols are that price, how happy would you be? How many would you buy is the average pistol was $2.5K? This is only good for sellers and the only people who are sellers are those who are getting out of the hobby.

    This could be inflation but I feel like its something more. In 2008-2010, we did see high end MGs take some pretty big hits! I saw $40K 50 Cal Ma Duces get sold at half price. However the average guns stayed about the same, maybe $500 less. Its looking like we are heading for some harder times, so maybe that will come into play. Or maybe salaries will increase to meet inflation but I don't see that happening yet!
    i'd have to hit the lottery , if so a thompson is first on the list ! as too 2008 -2010 , so many people were buried in debt that they had no other way out , toys go first .
     

    IMBLITZVT

    Active Member
    Apr 20, 2009
    3,635
    Catonsville, MD
    I see it more likely an sharp economic downturn is going to have a lot of people trying to sell off a few guns to get by. Unfortunately a lot of people who bought a first gun or two during the pandemic rethink being a gun owner when they are jobless.
    An economic down turn cuts both way with guns! On one had they need money, like you say. On the other, they are scared and want protection! Crime is up everywhere right now. If things in the economy go down, a lot of people will start to worry about things coming apart. So that will drive people to buy or retain guns. You don't want to get caught in a mostly peaceful protest without a gun! That said "rich" people toys do tend to drop off in value as they are not buying.

    i'd have to hit the lottery , if so a thompson is first on the list ! as too 2008 -2010 , so many people were buried in debt that they had no other way out , toys go first .

    I bet most could afford a Thompson if you want to. My vehicle was $2300.00, how much was your vehicle? Most people can afford what they want, if you want it enough. Most just don't want it enough... I know plenty of people who drive a $50K truck that tell me they can't afford it. I have a $16.5K MG and I can't afford a $50K truck.

    I don't think the debt level is much better today, probably worse. However most MG owners are not often the types to have a lot of debt. Most of us don't take out loans for the guns. Those that can save that kind of money tend not to be the type buried debt either.
     

    dannyp

    Member
    MDS Supporter
    Oct 30, 2018
    941
    An economic down turn cuts both way with guns! On one had they need money, like you say. On the other, they are scared and want protection! Crime is up everywhere right now. If things in the economy go down, a lot of people will start to worry about things coming apart. So that will drive people to buy or retain guns. You don't want to get caught in a mostly peaceful protest without a gun! That said "rich" people toys do tend to drop off in value as they are not buying.



    I bet most could afford a Thompson if you want to. My vehicle was $2300.00, how much was your vehicle? Most people can afford what they want, if you want it enough. Most just don't want it enough... I know plenty of people who drive a $50K truck that tell me they can't afford it. I have a $16.5K MG and I can't afford a $50K truck.

    I don't think the debt level is much better today, probably worse. However most MG owners are not often the types to have a lot of debt. Most of us don't take out loans for the guns. Those that can save that kind of money tend not to be the type buried debt either.
    it's more about use / using it over flat out cost . how many times a year would i get to shoot it ? at this point in my life , not many . i have three more years till i retire , then i could consider it . i know people with collector cars that look at them sitting in the garage , get them out once a month to wash them , afraid to drive them because " something might happen " . not me , if i'm buying it , i'm driving it !
     

    IMBLITZVT

    Active Member
    Apr 20, 2009
    3,635
    Catonsville, MD
    it's more about use / using it over flat out cost . how many times a year would i get to shoot it ? at this point in my life , not many . i have three more years till i retire , then i could consider it . i know people with collector cars that look at them sitting in the garage , get them out once a month to wash them , afraid to drive them because " something might happen " . not me , if i'm buying it , i'm driving it !

    Yeah it really does depend for sure. For me, I don't get out to shoot nearly as much as I would like. So when I do go out, a MG is almost always with me. So my MGs see much more use than the other guns.

    As far as using your investment, if you are that concerned, get some insurance and stop being a *****. You can't say pusssy?
     

    solarpower44

    Member
    Feb 2, 2016
    215
    Glenelg MD
    Yes it’s crazy but it will come down. After the last crash in 2007 the mg price slowly came back down over the following two years. I suspect a similar trend
     

    IMBLITZVT

    Active Member
    Apr 20, 2009
    3,635
    Catonsville, MD
    Yes it’s crazy but it will come down. After the last crash in 2007 the mg price slowly came back down over the following two years. I suspect a similar trend

    I would not count on any of these prices coming down. They are going up somewhat because of inflation and somewhat for other reasons. When the economy tanked in 2008, the big money guns got hit. Yes the M2Hbs and M60 got hit, none more than the M2HB. However the common MGs did not. The sub guns stayed at their normal pricing. People could not afford to shoot as much rifle caliber stuff and switched to SMGs. Plus people who still had a job were still in the market. The prices did not trend down from 2008 but went back up and by 2010 were about where they were to begin with on the high end stuff and the average stuff was going up again.

    Everyone keeps talking about these prices going down but it for the average MG, they rarely come back down. Usually its ammo related that causes the prices to drop. A supply of some caliber doubles in price or something. The real thing to look for in the MG market is not guns coming down but guns who have not gone up for a while. Undervalued guns in the current market. If you wait for them to come down, you will never buy one. Also about the time they do come down, you will be so afraid of what is going on that you will not want to part with big money at that point.
     

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