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I realize that guns are not investments. Even so, will a gun like this decrease in value or increase? My guess is that it will increase in value, albeit, not as much as equity.
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The investment value of old guns is very unpredictable. Up to the whims of the market place and what anyone is willing to pay at any point in time. Some models will increase in value, some will not. Very generally speaking you will do better to invest in the stock market than to invest in firearms.
I buy lots of old guns. Some are pretty valuable. I do not buy them as investments. I buy them for the pleasure of owning them. Some I shoot, some I do not. When the time comes to liquidate my collection, hopefully they will be worth more than when I bought them. Hopefully.