What Is My Gun Worth?
What Factors Determine a Gun’s Value?
- Make: There is a big difference in quality when it comes to manufacturers. From a coveted Colt to a budget minded Hi-Point, manufacturers can make a big difference in a guns resale value.
- Gun Type: From handguns to wild game rifles, there are many types of firearms to choose from and prices vary greatly on caliber, magazine capacity, age and if the gun is in its original configuration.
- A modern gun’s condition is broken down into the following grades: new, perfect, excellent, very good, good, and fair. An antique gun falls into these condition standards: factory new, excellent, fine, very good, good, fair, or poor. The materials used to make the gun (metal vs. wood vs. composite), the bore (interior barrel quality), and the functionality of the firearm all impact its condition.
- If your gun has developed a patina (natural worn finish) over the years, do not use sanding or solvents to remove it! Your gun’s patina helps it retain its value. A “blued” patina is when the steel on a gun has been partially treated to prevent rust creating a blueish hue. This “blueing” patina is highly valued.
- The material used to make the stock of your gun also impacts its value. Plastic stocks are generally of lesser value than walnut stocks that are known for their durability, rigidity, and longevity. Composite stocks (fiberglass, graphite, etc.) can be valuable due to the strength of the material, but the aesthetic quality when compared to hardwood may be less.
- A beat-up gun that cannot safely be fired will be much less valuable than a gun with impeccable functionality.
- Original or Modified: Whether the gun remains in its original factory condition or whether it has been modified influences its value. Some modifications can increase value (adding a quality scope) while other modifications will decrease value (sawing off your shotgun). Generally, modifications will not hold their value.
- Supply and Demand: A restriction on a particular gun type or gun accessory can drive prices through the roof. For example, the state level restriction of high capacity magazines can increase their demand and thus their value. Remember that a gun is worth whatever someone is willing to pay for it, and finding a buyer is sometimes the hardest part.
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All we need to make an offer on firearms is a few pictures representative of the gun’s condition, a brief description of the specific make, model and caliber to give an accurate offer.
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