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#1 |
Senior Member
Join Date: August 11, 2012
Location: Mountains of Appalachia
Posts: 1,598
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Pawn Shops in a few months
People,many new to gun ownership, are buying every gun they can find right now. However, with the slowing economy, increased unemployment and probable upcoming recession due to the Coronavirus, will Pawn Shops have a flood of guns pawned/sold to them when bills come due and food runs low? Many people make impulse purchases and don't plan for the long run so I expect they may many will decide that they will need to get rid of their newly purchased weapons and those that already have several will liquidate some of theirs to pay for living expenses.
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#2 | |
Senior Member
Join Date: November 4, 2013
Location: Western slope of Colorado
Posts: 3,822
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#3 |
Senior Member
Join Date: September 15, 2002
Location: West, Texas
Posts: 280
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Keep in mind that the panic buyers are buying whatever they can at whatever price is asked...don’t expect them to be turning hi-end guns around for basement prices.
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#4 |
Senior Member
Join Date: January 9, 2018
Posts: 626
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^^ Agreed.
LGS is rationing 9mm to 1 box, 2 if you are a new gun owner and are buying a gun. Ammo shelves are all but empty. You can still find .357 Sig a plenty though! ![]() |
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#5 |
Senior Member
Join Date: October 22, 1998
Location: Colorado, USA
Posts: 4,362
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At my LGS, the $4K Volkmann's were the last to go with the Henning Custom SP01s right before. I think there is a good chance there will be some excellent deals this summer.
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#6 |
Senior Member
Join Date: December 28, 2009
Location: North Central Illinois
Posts: 2,758
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Now if the pawn shops would sell according to the low prices they will probably give, it will be a win-win for everybody. Unfortunately, the pawn shops in my area think their guns are gold plated.
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#7 | ||
Senior Member
Join Date: January 8, 2001
Location: Forestburg, Montague Cnty, TX
Posts: 12,793
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Prices given by pawn shops will vary by a lot of factors. We tried to never loan more than 1/2 of what we thought we could sell a given gun for. That sounds like we were doubling our money, but in reality that wasn't the case because of the time involved, insurance on protecting the item while in our possession, other overhead expenses, wages, etc., risk of forfeiture if the gun turns out to be stolen, etc. etc. etc. Of course, if somebody brings us in a Glock 19 and we already have 10 of them out for sale (too many, in other words), we aren't apt to loan as much simply because we are covered up in them. One of our more rural stores did a heck of a business in deer rifles. Our inner city store did almost no business in deer rifles - very different markets.
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#8 |
Senior Member
Join Date: January 9, 2018
Posts: 626
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Few years ago, local pawn show had a BEAT UP CZ 82 they sat on for several months. Electrical tape holding on the grips. They had $350 on it, which you could get a better surplus for that. I offered $200 honestly expecting them to take it. The guy acted like I just slept with his mother. The thing was beyond filthy buy I saw a rescue. Never did get it.
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#9 | |
Senior Member
Join Date: December 28, 2009
Location: North Central Illinois
Posts: 2,758
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#10 |
Senior Member
Join Date: September 15, 2002
Location: West, Texas
Posts: 280
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2wheel....Is that gun still there?
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#11 | |
Senior Member
Join Date: January 8, 2001
Location: Forestburg, Montague Cnty, TX
Posts: 12,793
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Quote:
Why do you think the pawn shop should do that if you won't do it? The answer in simple. You want to pay as little as possible and maximize your profit when you sell. That is sort of a base line of how business works. As for asking prices, pawn shops and other businesses just like you can ask what they want. You don't have to pay it if you don't want to. Eventually, the products will sell. Somebody haggler will come in and work a deal. I always find it amusing when people think pawn shops should sell items based on what they paid for them by people who would not engage in the same practice themselves and never take into consideration the who concept of what it takes to run a business. If this economic situation is like those of the past, the pawn shops will be have some good deals on merchandise in the future. They are going to be inventory heavy and comparatively cash poor by the time this comes to an end. However, they won't be giving stuff away either. Various types of merchandise hold their values better than others.
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"If you look through your scope and see your shoe, aim higher." -- said to me by my 11 year old daughter before going out for hogs 8/13/2011 My Hunting Videos https://www.youtube.com/user/HornHillRange |
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#12 |
Senior Member
Join Date: October 22, 2016
Posts: 3,962
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It's going to happen, but I don't think in the amounts we're thinking. Most probably ran out and bought the cheapest guns or the most well known guns, so there's not going to be much that people like us will be interested in. I've already got my Glocks, ARs, AKs, Ruger revolvers, etc.
It'll really be a market for new gun buyers/collectors just starting out. But then again by the time this pandemic panic is over it'll be election season and Bazooka Joe is gonna be looking to ban the AR-14s with 100 round clips, so the current gun situation may be with us a while or until Trump is re-elected.
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#13 |
Senior Member
Join Date: April 7, 2006
Posts: 11,106
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Double Naught Spy-
Thank you for concisely explaining how business works. It's surprising how many don't/can't understand that. |
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#14 |
Senior Member
Join Date: January 9, 2018
Posts: 626
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OneFreeTexan, no. It finally sold a few months ago, but I'd be curious to know what they got for it.
They hadn't cleaned it, not even spray cleaner down the bore. Tape holding the grips on, looked like it came out of grandpas WW2 trunk. Like finding a sad puppy at the pound I wanted it and make it over. |
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#15 |
Senior Member
Join Date: September 15, 2002
Location: West, Texas
Posts: 280
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Thanks for the info..2wheel... curious about what they got for it too.
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#16 |
Senior Member
Join Date: February 18, 2008
Location: About 20 nm from the Big Muddy
Posts: 2,899
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osbornk/OP:
Yes, although pawn shops will continue to sell gun at market prices (or above). I can't imagine any future prices dropping much, unless their supply far exceeds future demand at that time. If they have a huge amount of space, it costs nothing extra to wait for interested buyers. 2wheelwander: you mentioned that .357 Sig ammo is available. It might be interesting to see whether a fair bit of .40 S&W ammo (the unwashed, unpopular ![]() TruthTellers: True, and when Biden asks some guy to "step outside", that old coward knows that these other guys have no Secret Service protection. What a "tough" guy, Perfumed Prince. Last edited by Ignition Override; March 27, 2020 at 12:24 AM. |
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#17 | |
Senior Member
Join Date: March 4, 2010
Location: Fayette AL
Posts: 227
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#18 |
Senior Member
Join Date: November 4, 2013
Location: Western slope of Colorado
Posts: 3,822
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You miss the point of the thread. Panic buy now, leading to good buys later. Nothing to do with hard times
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#19 |
Senior Member
Join Date: June 15, 2008
Location: Georgia
Posts: 10,974
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I can't say for the rest of the country, but nicer handguns are still sitting on the shelves locally. Plenty to choose from at $500 and up. They have sold out of everything under $500. No AR's left, very little 223 ammo and no 9mm.
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#20 |
Senior Member
Join Date: July 20, 2009
Location: PA
Posts: 1,749
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We have sold out (a few times) the last two weeks, and our prices didn't change. Some consignments were higher due to the seller's wishes, but all guns flew out the door.
When some of these guns start coming back we surely won't be paying much for them as the cases will most likely be filled with lots of new guns. I hope all these new shooters who decide to go back to their old ways will understand basic economics and not be too disappointed.
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#21 | |
Senior Member
Join Date: March 4, 2010
Location: Fayette AL
Posts: 227
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Quote:
You said “I hope so” So you could get a reasonable price on a Smith. Bills coming due that you can not pay and running out of food is hard times regardless of how you got there, China Virus or poor judgement. Hoping that happens to someone so you can get a good deal on a gun is pretty cheap in my book. I’m not the sharpest knife in the drawer but I understand simple English I did not miss the point of the quote and reply
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#22 |
Senior Member
Join Date: April 12, 2006
Location: NKY
Posts: 12,464
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I saw a lot of low priced guns flying off the shelves; think Taurus. That said, people are buying what they can get and those that bought cheap guns, I'm not sure that people will feel the need to sell them once the virus dies off.
Even if some do, I have a feeling that the gun community and 2nd Amendment supporters just gained a lot of new members.
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#23 | |
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Join Date: December 10, 2012
Posts: 6,187
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#24 | |
Staff
Join Date: September 25, 2008
Location: CONUS
Posts: 19,049
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#25 | |
Staff
Join Date: March 11, 2006
Location: Upper US
Posts: 30,479
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Quote:
I think a lot of them are buying a gun with the idea of it being "emergency use only", and now, since they HAVE ONE, future gun control laws still won't have a serious impact on their lives and they will continue to support anti-gun politicians, whom they agree with on other issues. Any fear, anger, or frustration they feel now, when they find out that buying a gun isn't what they've been led to believe (right off the internet delivered to your door, etc) those feeling will have been long forgotten after the crisis passes. And they won't come back, really, if/when there is another crisis, because they already have a gun and a box of ammo (possibly 2). So they won't care about banning this or that, (unless it's the gun they have), won't care about any increase in ownership requirements, fees background checks, waiting periods, etc, because they already have a gun.... A few people will see the light. Most will not bother.
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