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Author Topic:   Economics: How much is something worth?
Artemis Entreri 
Suspended Member (Idle past 4259 days)
Posts: 1194
From: Northern Virginia
Joined: 07-08-2008


Message 36 of 330 (661056)
05-01-2012 4:20 PM
Reply to: Message 1 by Percy
05-01-2012 7:12 AM


It seems like splitting hairs, but i think i agree with you.
My lesson was two weekends ago on 4/20/12. I attend The Nations Gun Show in Chantilly, VA; hoping to purchase some 40 round magazines from my WASR-10 (semi-auto AK47) and to see if there were any deals on 7.62mm x 39 ammo. WASR-series rifles - Wikipedia
The last show I attended I bought one (Bulgarian polymer) and then took it home and it did not fit, so this time I brought the rifle with me into the show so I could manually make sure the 40-round magazines fit the rifle. While I was walking around from booth to booth looking and Guns and accessories, people would stop and ask me how much I was selling my rifle for (no federal checks for private sales in VA), I asked how much they thought it was worth? (I purchased the rifle in 2010 for $399, it is a cheap, machine stamped, Romanian remake that I have fired at least a 1000 rounds through). I received offers for $525, $600, and $625, I then proceeded to the table where the guys I bought this firearm from were located and they were selling the same thing I was carrying for $549 (the most I saw it for at the show was $630). The magazines I found ranged in value from $18-$20 a piece or 2 for $32-$35, I forget how much the price goes down if you buy 5. The interesting thing about the Gun Show is that the prices are not standard. They follow the market, but all prices are usually negotiable. For example my friend who is a wounded veteran (Iraq war), can get super discounts, as can police officers.
As far as determining worth I would guess my WASR-10 is worth around $600 (even though it still seems like a $400 gun to me), and the magazines are worth around $19 (unless you are a cop or in the military). I am not even sure I want to get into the worth of bullets, because if you buy in bulk they are much cheaper.
The only thing I am unsure about it do you add in the mileage to get to the gun show, and the $12 entrance fee to the gun show (free if you join the NRA)? My guess would be no because that cost is already paid regardless if you make the purchase or not.

This message is a reply to:
 Message 1 by Percy, posted 05-01-2012 7:12 AM Percy has seen this message but not replied

  
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