|
Joined: Nov 2007
Posts: 922 Likes: 1
Campfire Regular
|
OP
Campfire Regular
Joined: Nov 2007
Posts: 922 Likes: 1 |
Older Smith and Wesson revolvers from the 60s thru the 80s are selling at a premium these days and I suspect some folks fret over selling some of them off...but worry not, best I can tell a S&W Model 19 was selling new for around $250 back in the 70s.
That same Model 19 would have sell for $1600 today to even return 4% CAGR...while the S&P 500 has returned about 9% CAGR.
Last edited by Mike_Dettorre; 06/24/23.
Internet analysis: 1 in a row is a trend, 2 in a row is statistically significant, and 3 in a row is an irrefutable fact Fools & fanatics are always so certain and wise people are always so questioning
|
|
|
|
Joined: Sep 2014
Posts: 21,876 Likes: 5
Campfire Ranger
|
Campfire Ranger
Joined: Sep 2014
Posts: 21,876 Likes: 5 |
Parents who say they have good kids..Usually don't!
|
|
|
|
Joined: Jan 2001
Posts: 28,403 Likes: 1
Campfire Ranger
|
Campfire Ranger
Joined: Jan 2001
Posts: 28,403 Likes: 1 |
Older Smith and Wesson revolvers from the 60s thru the 80s are selling at a premium these days and I suspect some folks fret over selling some of them off...but worry not, best I can tell a S&W Model 19 was selling new for around $250 back in the 70s.
That same Model 19 would have sell for $1600 today to even return 4% CAGR...while the S&P 500 has returned about 9% CAGR. And the market has gone soft on those older S&W's and firearms in general. I like to peruse a local classified site and am seeing some very nice Smiths from that era sitting unsold for weeks at prices that would have had them snapped up immediately a year ago.
Gunnery, gunnery, gunnery. Hit the target, all else is twaddle!
|
|
|
|
Joined: Jan 2001
Posts: 10,991 Likes: 3
Campfire Outfitter
|
Campfire Outfitter
Joined: Jan 2001
Posts: 10,991 Likes: 3 |
Older Smith and Wesson revolvers from the 60s thru the 80s are selling at a premium these days and I suspect some folks fret over selling some of them off...but worry not, best I can tell a S&W Model 19 was selling new for around $250 back in the 70s.
That same Model 19 would have sell for $1600 today to even return 4% CAGR...while the S&P 500 has returned about 9% CAGR. But the S&P will not offer the comfort that the Model 19 will when things go bump in the night! That has no measure! 😉 memtb
You should not use a rifle that will kill an animal when everything goes right; you should use one that will do the job when everything goes wrong." -Bob Hagel
“I’d like to be a good rifleman…..but, I prefer to be a good hunter”! memtb 2024
|
|
|
|
Joined: Jun 2002
Posts: 131,831 Likes: 31
Campfire Sage
|
Campfire Sage
Joined: Jun 2002
Posts: 131,831 Likes: 31 |
Older Smith and Wesson revolvers from the 60s thru the 80s are selling at a premium these days and I suspect some folks fret over selling some of them off...but worry not, best I can tell a S&W Model 19 was selling new for around $250 back in the 70s.
That same Model 19 would have sell for $1600 today to even return 4% CAGR...while the S&P 500 has returned about 9% CAGR. But the S&P will not offer the comfort that the Model 19 will when things go bump in the night! That has no measure! 😉 memtb And then there's the joy of owning it, which is also priceless.
|
|
|
|
Joined: Nov 2007
Posts: 922 Likes: 1
Campfire Regular
|
OP
Campfire Regular
Joined: Nov 2007
Posts: 922 Likes: 1 |
So is knowing that you won't outspend your money in your lifetime that is both comforting and priceless.
Internet analysis: 1 in a row is a trend, 2 in a row is statistically significant, and 3 in a row is an irrefutable fact Fools & fanatics are always so certain and wise people are always so questioning
|
|
|
|
Joined: Nov 2006
Posts: 10,814
Campfire Outfitter
|
Campfire Outfitter
Joined: Nov 2006
Posts: 10,814 |
With a very few notable exceptions, guns are not a “good investment.” On the other hand, compared to other hobby/recreational tools and equipment, if you buy the right ones and take good care of them they will be retain a significant portion of their value and/or be of particular value and utility to your heirs.
Mathew 22: 37-39
|
|
|
|
Joined: Dec 2005
Posts: 10,304 Likes: 1
Campfire Outfitter
|
Campfire Outfitter
Joined: Dec 2005
Posts: 10,304 Likes: 1 |
I'm driving around Atlanta with my sil, seems like a good investment regardless of $$$$$....
"...A man's rights rest in three boxes: the ballot box, the jury box and the cartridge box..." Frederick Douglass, 1867
( . Y . )
|
|
|
|
Joined: Dec 2005
Posts: 10,304 Likes: 1
Campfire Outfitter
|
Campfire Outfitter
Joined: Dec 2005
Posts: 10,304 Likes: 1 |
I'm driving around Atlanta with my sil, seems like a good investment regardless of $$$$$....
"...A man's rights rest in three boxes: the ballot box, the jury box and the cartridge box..." Frederick Douglass, 1867
( . Y . )
|
|
|
|
Joined: Dec 2009
Posts: 3,193
Campfire Tracker
|
Campfire Tracker
Joined: Dec 2009
Posts: 3,193 |
Older Smith and Wesson revolvers from the 60s thru the 80s are selling at a premium these days and I suspect some folks fret over selling some of them off...but worry not, best I can tell a S&W Model 19 was selling new for around $250 back in the 70s.
That same Model 19 would have sell for $1600 today to even return 4% CAGR...while the S&P 500 has returned about 9% CAGR. According to my copy of the 1972 Gun Digest, the retail price of a S&W Model 19 was $135.00, so the rate of return is better than you thought.
Life is like a purple antelope on a field of tuna fish...
|
|
|
|
Joined: Nov 2007
Posts: 922 Likes: 1
Campfire Regular
|
OP
Campfire Regular
Joined: Nov 2007
Posts: 922 Likes: 1 |
"According to my copy of the 1972 Gun Digest, the retail price of a S&W Model 19 was $135.00, so the rate of return is better than you thought."
A few comments:
1. I never found prices listed in Gun Digest to be anything close what was occuring in the marketplace back in the 1970s, 1980s, or 1990s
2. I would love to find a reciept for a new Model 19 dated in 1972. I would be quite surprised if it said $135.
3. Even if you take the $135 sales prices as "fact", that same Model 19 would have to sell for $1200 today to generate even a 4.375 CAGR.
Internet analysis: 1 in a row is a trend, 2 in a row is statistically significant, and 3 in a row is an irrefutable fact Fools & fanatics are always so certain and wise people are always so questioning
|
|
|
|
Joined: Jul 2004
Posts: 6,671
Campfire Tracker
|
Campfire Tracker
Joined: Jul 2004
Posts: 6,671 |
Older Smith and Wesson revolvers from the 60s thru the 80s are selling at a premium these days and I suspect some folks fret over selling some of them off...but worry not, best I can tell a S&W Model 19 was selling new for around $250 back in the 70s.
That same Model 19 would have sell for $1600 today to even return 4% CAGR...while the S&P 500 has returned about 9% CAGR. But the S&P will not offer the comfort that the Model 19 will when things go bump in the night! That has no measure! 😉 memtb And then there's the joy of owning it, which is also priceless. Agreed, owning one of the as-close-to-perfect-as-they-come .357s is very satisfying.
'Four legs good, two legs baaaad." ---------------------------------------------- "Jimmy, some of it's magic, Some of it's tragic, But I had a good life all the way." (Jimmy Buffett)
SotG
|
|
|
|
Joined: Dec 2006
Posts: 2,937
Campfire Regular
|
Campfire Regular
Joined: Dec 2006
Posts: 2,937 |
If you measure this by $$$$ you might have the wrong perspective - of course that’s what many serve.
PennDog
|
|
|
|
Joined: Nov 2007
Posts: 922 Likes: 1
Campfire Regular
|
OP
Campfire Regular
Joined: Nov 2007
Posts: 922 Likes: 1 |
Uh funny... - that's what this post is about prices, dollars, and return on investment - kind of like a post that is about food for a backpacking trip and evaluating nutritional value per ounce and someone saying - "well but I just don't get the same pleasure as when I have linen table cloths and fine china"
Last edited by Mike_Dettorre; 06/24/23.
Internet analysis: 1 in a row is a trend, 2 in a row is statistically significant, and 3 in a row is an irrefutable fact Fools & fanatics are always so certain and wise people are always so questioning
|
|
|
|
Joined: Jun 2002
Posts: 131,831 Likes: 31
Campfire Sage
|
Campfire Sage
Joined: Jun 2002
Posts: 131,831 Likes: 31 |
So is knowing that you won't outspend your money in your lifetime that is both comforting and priceless. Classic firearms in nice shape will go a long way towards that objective as well, even if not quite as well as some handpicked, after the fact, financial instruments. But then the shortfall in comparison to those is made up for by the joy they provide while in one's possession.
|
|
|
|
Joined: Dec 2006
Posts: 2,937
Campfire Regular
|
Campfire Regular
Joined: Dec 2006
Posts: 2,937 |
Uh funny... - that's what this post is about prices, dollars, and return on investment - kind of like a post that is about food for a backpacking trip and evaluating nutritional value per ounce and someone saying - "well but I just don't get the same pleasure as when I have linen table cloths and fine china" ……really?? Then you’re right you are annoying. PennDog
Last edited by PennDog; 06/24/23.
|
|
|
|
Joined: Nov 2007
Posts: 922 Likes: 1
Campfire Regular
|
OP
Campfire Regular
Joined: Nov 2007
Posts: 922 Likes: 1 |
Hawkeye my sense is you are not very familar with the concept of investing in the S&P 500 as an Index because investing in it whether thru an Index Fund or other similar technique is anything but "hand picked" and the strategy is all about avoiding "after the fact" regrets but perhaps I misunderstood your post.
Last edited by Mike_Dettorre; 06/24/23.
Internet analysis: 1 in a row is a trend, 2 in a row is statistically significant, and 3 in a row is an irrefutable fact Fools & fanatics are always so certain and wise people are always so questioning
|
|
|
|
Joined: Jun 2002
Posts: 131,831 Likes: 31
Campfire Sage
|
Campfire Sage
Joined: Jun 2002
Posts: 131,831 Likes: 31 |
I think my meaning was pretty clear.
PS At one time, I held a Series 7.
|
|
|
|
Joined: Jul 2006
Posts: 1,435
Campfire Regular
|
Campfire Regular
Joined: Jul 2006
Posts: 1,435 |
I doubt if very many people here buy firearms thinking that they’ll sell them in forty years and get rich.
Firearms are, however, one of the few items that if taken care of, pretty much hold their value in comparison to inflation as used items. At least that’s been the case for the past fortyish years.
So think of it as enjoying their use for a considerable time, rent free.
|
|
|
|
Joined: Dec 2004
Posts: 6,066 Likes: 1
Campfire Tracker
|
Campfire Tracker
Joined: Dec 2004
Posts: 6,066 Likes: 1 |
Yep....
Very few hobbies that you can break even on...
And yes, K frame Smiths are a great hobby...
|
|
|
|
574 members (10gaugeman, 10ring1, 10gaugemag, 12344mag, 007FJ, 55 invisible),
2,514
guests, and
1,276
robots. |
Key:
Admin,
Global Mod,
Mod
|
|
Forums81
Topics1,193,051
Posts18,501,050
Members73,987
|
Most Online11,491 Jul 7th, 2023
|
|
|
|