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Old March 26, 2013, 07:56 PM   #1
Skarekrow88
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Did I overpay for my Franchi SPAS 12?

I recently put a used Franchi SPAS 12 on layaway at my local gun shop after doing some research and came to the conclusion it would be a good investment. It was on consignment for $1500 but I had the gun store owner call and ask the owner of the firearm if he could let it go for $1250 and he said sure. I'm having trouble figuring out if this was a good price or not. At first I thought it was a fair price because of the rarity of these firearms since the AWB of 1994 prevented their importation and according to wikipedia only about 5% (around 1850) made it into the U.S. because of it and not to mention the "cool factor" and all this current AWB scare/craziness . After further research I found that the Blue Book of Gun Values (30th Ed.) says $675 for 100% condition and Standard Catalog of Military Firearms Collectors (4th Ed.) says $950 for NIB and $800 for excellent condition. I then looked on gunbroker.com and found several variants listed from $800 all the way up to $1800 none of which were as desirable as the one I put on layaway except for maybe one so I am having difficulty deciding if I made a good decision or if I should have attempted to lower the price more . Any and all opinions and insight would be greatly appreciated. I attached the best photo I could take of the gun. It's in pretty good condition from what I could tell inspecting it at the store but its definitely not NIB or 100% condition
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Old March 26, 2013, 08:36 PM   #2
Bake
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All guns are worth what you (buyer) are willing to pay, and the sell is willing to accept.
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Old March 26, 2013, 09:13 PM   #3
Skarekrow88
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You're absolutely right. I guess I'm just looking for some reassurance that it was fairly reasonable
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Old March 26, 2013, 11:45 PM   #4
Rnbtexas
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As long as you can enjoy and afford it you shouldn't have any regrets.
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Old March 27, 2013, 10:40 AM   #5
BigD_in_FL
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It was fairly reasonable IF:
1 - You thought it was
2 - You didn't miss a mortgage payment to do it
3 - You look at it as an investment in fun
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Old March 27, 2013, 02:41 PM   #6
jaguarxk120
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Go on gunbroker and search for the Franchi spas 12, you will find they go for about $1500 and up to $2000.
I think you did very well at $1250, enjoy it.
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Old March 27, 2013, 05:06 PM   #7
Que
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I would pay it.
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Old March 27, 2013, 05:16 PM   #8
ohen cepel
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Don't believe everything you read in a Blue Book. It's a good start point, but not always accurate for the market.

I think $1250 for one is a good buy. I bought one years ago for $250, but that is another story
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Old March 28, 2013, 03:47 PM   #9
Skarekrow88
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Thanks for all the input everyone. I never had buyers remorse or anything, but I definitely feel better about the deal now. This forum is awesome
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Old February 9, 2014, 03:36 PM   #10
catacombshadows
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SPAS 12 is well worth it. Investment shotgun

Just watched a SPAS-12L sell on GB for $1699.00, It only had the factory folding stock with hook... No manual, sling, tool or plug. These shotguns are sky rocketing. I remember in 2002 at any given time their were about 40 SPAS-12's on GB for sale. Now less than 10 at any given time. Good investment Sir. Im willing to bet in the next 10 years they are going to average over 3k.
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Old February 9, 2014, 03:49 PM   #11
gyvel
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Look at it this way: Even if you overpaid now, the value isn't going to go down anytime soon.
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Old February 9, 2014, 07:01 PM   #12
PetahW
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Quote:
Originally Posted by BigD_in_FL

It was fairly reasonable IF:
1 - You thought it was
2 - You didn't miss a mortgage payment to do it
3 - You look at it as an investment in fun


4 - Your "significient other" won't put Ex-Lax in your Wheaties because you bought it. .



.
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