Modern Gun Values, heben
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//-->MODERNGUN VALUESThe Shooter’s Guide to Guns 1900 to PresentGunDigest®Book of16thEditionEdited ByPhillip PetersonCopyright ©2011 F+W Media, Inc.All rights reserved. No portion of this publication may be reproduced or transmittedin any form or by any means, electronic or mechanical, including photocopy,recording, or any information storage and retrieval system, without permission inwriting from the publisher, except by a reviewer who may quote brief passages in acritical article or review to be printed in a magazine or newspaper, or electronicallytransmitted on radio, television, or the Internet.Published byGun Digest®Books, an imprint of F+W Media, Inc.Krause Publications • 700 East State Street • Iola, WI 54990-0001715-445-2214 • 888-457-2873www.krausebooks.comTo order books or other products call toll-free 1-800-258-0929or visit us online at www.gundigeststore.com.ISBN-13: 978-1-4402-1831-6ISBN-10: 1-4402-1831-5Cover & Interior Design by Tom NelsenEdited by Phillip PetersonPrinted in the United States of AmericaMODERNGUN VALUES16th EditionTable of ContentsIntroduction ................................................................................... 4Inspection Guide to Used Guns ................................................... 6Guide to Evaluating Firearms Condition..................................... 17Illustrated Guide to Condition ..................................................... 25Firearms Restoration................................................................... 27Better Than Book: Factors that Increase A Gun’s Value ............ 30Arms Pricing & ReferenceGUNDEX®.................................................................................... 32Directory of Handgun Manufacturers ......................................... 83Handgun Listings ........................................................................ 84Directory of Rifle Manufacturers ...............................................267Rifle Listings ..............................................................................268Gary Reeder Custom Guns Feature .........................................433Directory of Shotgun Manufacturers ........................................480Shotgun Listings .......................................................................481Directory of Commemorative Years .........................................675Introduction to Commemoratives & Limited Editions ..............676Commemoratives Listings ........................................................664Firearms Trade and Proprietary Names....................................706GunDigest®Book ofhis ing over 3000 photographs of 20th-and 21st-century handguns, rifles,shotguns and commemoratives – as itis a guide to current used firearm values.As a basic reference work, it providesspecifications for most of the world’s smallarms manufactured in or imported into theUnited States since 1900. Over 7000 firearmsare documented and valued in these pages.For some of the more widely collectedfirearms – such as Colt Single Action Armies,High Standards, Lugers and Mausers – ourcoverage includes most if not all of the mostcommonly encountered variations as well assome rarely found in even advanced collections.We also include selected military firearms suchas Nambus and Tokarevs, but our focus is oncommercial firearms.Because of its historical base,ModernGun Valuesdoes include some prototypes,experimental pieces and one-of-a-kinddevelopmental or evolutionary models which arevery rare and seldom, if ever, seen on the usedfirearm market. These rarities are important andinteresting to document but, as non-productionfirearms, next to impossible to price since theyhave little history on the used gun market.Modern Gun Valuesis not 100 percentcomprehensive – nor can it be, given thatmanufacturers have their own productdevelopment cycles that may or may notcoincide with our production schedules.Also, many manufacturers provide private or“boutique” models for large distributors thatvirtually defy categorization. Any attempt toinclude data on every firearm manufacturerover the last century would result in a booktwice the size of the collected US Tax Code,and twice as burdensome. However, we arequite confident that this edition ofModernGun Valueswill prove of inestimable value inidentifying and assigning realistic dollar valuesto 95 percent of the used firearms frequentlyencountered. For those readers seeking morecomprehensive treatment, we recommendthese other Gun Digest book titles: StandardCatalog of Firearms, Standard Catalog ofMilitary Firearms andFlayderman’s Guide ToAntique American Firearms and Their Values.A note on "tactical" or military style firearms:Existing listings for tactical firearms remain inthis edition of MGV, but we have not added manynew models or entries for new manufacturers.With the expiration of the 1994 -2004 "assaultweapon" ban, the production of this type offirearm has exploded. There are hundreds ofsmall manufacturers now offering a variety offirearms. These Include 30 or more makers ofAR-15 pattern rifles as well as boutique buildersof semi automatic copies of belt fed machineguns from WWII and builders of Cold War eraSoviet AK-47s. A thorough listing of just thistype of firearm could fill another book.Actually, It has. Consult Gun Digest Buyers'Guide to Tactical Rifles by Phillip Peterson for acomprehensive listing of these fascinating semiautomatic firearms.TIntroductionand alphabetical manufacturers’ listings; byconsulting the comprehensive “GUNDEX” indexsection; or by consulting the “Manufacturers’Directory” that precedes each respective sectionof the book. We have attempted to improvethe illustrations shown in this book whereverpossible and especially in those cases in whichillustrations help the reader to differentiatebetween similar models.We have established a three-tiered pricingapproach for each firearm based on the sixNRA Modern Condition Pricing Standards:New, Perfect, Excellent, Very Good, Goodand Fair. Each firearm has been evaluated todetermine which three NRA standards mostaccurately reflect the condition in which theparticular firearm is most likely to be foundon the used market; the firearm is pricedaccordingly. For example, firearms currentlyon the retail market, or manufactured in thelast four years, will most always be found inNew or Perfect condition on the used market,while most older firearms will rarely be foundin any condition exceeding Very Good. Thethree pricing levels we provide reflect currentobservations of prices seen at gun shows, inthe gun shops or in the various periodicals,dealer’s catalogs or at auction sales.companies as Astra, Star, and Llama. Theseguns filled a mid range price niche 25 years ago.They were not hot sellers and rarely receivedfavorable reviews. Recently published historiesof these three firms have contributed to theseguns sliding into the "collectible" category.Often when a book is published that focuses ona specific arm or manufacturer, new collectorswill buy up existing models and make theseformerly common guns quite scarce.Some older firearms may be in scarce supplyyet are not in demand by collectors. Withoutdemand, regardless of availability, the dollarvalue of the firearm will be low.KEYS TO DETERMINING VALUEThere are three primary factors that are keyto establishing a firearm’s value. These aredemand, availability and condition.HOW TO USE THIS EDITIONMODERN GUN VALUESis divided into fourmajor sections – Handguns, Rifles, Shotgunsand Commemoratives. Within each of thesesections the individual firearms entries are listedin numerical model, then alphabetical, order. (Avaluable reference section is also included inthe back pages of this book.)Readers can locate a particular gun inthree ways: by browsing through the sectionsDemand and AvailabilityOne of the factors driving demand – and thusthe value of a particular firearm – is availability.When demand exceeds availability, the priceof the firearm increases. This pertains not onlyto collectibles but to shooting guns as well.For example, it is not unusual for a current-production firearm in limited supply to sell inthe marketplace for prices considerably abovethe manufacturer’s suggested list price. Evensome Colt and Smith & Wesson models haveenjoyed such run-ups. However, realize that inthis case when supply finally catches up withdemand prices will dip.One notable case is occurring as this editiongoes to press. In 2010, Kel Tec released itsPMR-30 semi automatic pistol in .22 Magnum,featuring a 30 round magazine. MSRP of thisgun supposed to be around $395. They arecurrently bringing $500 to $600 on internetauctions and at retail storefronts. Time will tellif they ever come down to the price range theyare "supposed" to be.For collectibles, although the supply is fixed,demand plays a similar role in establishing value.In the used firearms markets, demand seems tocome in instinctive waves, much as a schoolof minnows will wheel and change direction inperfect synchronicity, as though by telepathy.Believe it or not, there was a day when Webleycommercial revolvers in excellent conditioncould be had for well under $100, even adjustedfor inflation. Then one day Webleys caughton for some reason and values doubled andtripled, seemingly overnight. The same processis occurring now, although at a slower rate,with many commercial firearms made in the1970 - 2000 era. As this editor reviewed currentmarket trends it is noted that values for S&W,Colt, Ruger and other American made revolversof the era are increasing as prices of currentproduction examples creeps upward.Another area of recent interest is semiautomatic pistols made in Spain by suchConditionOf the three factors used to establish value,condition is perhaps the most important andcertainly the factor most frequently used byshooters as well as collectors for determiningthe price of a firearm. A “like new” exampleof a relatively common older Colt, Smith &Wesson, Luger or other arm popular withcollectors can bring up to twice the price ofanother that easily ranks as “Excellent.” Onthe other end of the scale, a scarce, popularcollectible in “Poor” or even “Fair” conditionoften will go begging at a fraction of its value inmore acceptable shape.Of course, neither condition nor pricing is everabsolute. There is no such thing as a fixed price.It’s an axiom among gun enthusiasts that thereare only two conditions any two collectors canagree upon and those are “New” and “Junk”;everything in between is highly subjective andsubject to debate. For example, a shooterlooking at a potential acquisition might rate agun with little finish but mechanically tight andwith a fine bore, “Excellent”; to the collectorthat same firearm would rate only a “Good”or possibly “Very Good.” An old Luger withmost of its original blue but with the bore badlypitted from corrosive ammunition would ratean “Excellent” from most collectors but only a“Fair” from a shooter. Collectors and shootersalike find the line between “Good” and “VeryGood” or “Very Good” and “Excellent” a fuzzyone. When angels tire of dancing on the headsof pins, they discuss firearms condition.WHAT? NO MSRP?We have deleted MSRPs (manufacturer’ssuggested retail prices) from this editionofModern Gun Valuesbecause they aremeaningless. In this internet age, guns sell forwhatever the market will bear, and discountingis rampant. When a new model is introducedon the market, it may sell for more than MSRPbecause of consumer demand. As the gunin question is produced in greater numbers,discounters reduce the street price belowMSRP. The result? MSRP means nothing.Federal courts have found that manufacturerscannot dictate street pricing to their distributorsand retailers. (They cancontroltheir ownchannels of distribution, but that’s anothermatter.) However, manufacturers can assignan MSRP to their products to be used “forcomparison purposes only.” The differencebetween MSRP and street pricing is well-known to anyone who has ever bought a newcar. All prices in this book are street prices.THE INTERNET – AND WHY WESHOULD LOVE ITIn the past, firearms street pricing wasestablished at retail gunshops and gun shows.Today, the internet has made everyone with an4INTRODUCTION
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