The easiest way to find good deals when buying collectible firearms is by searching through the internet. Websites like GunsInternational.com, AntiqueGunList.com, and CollectorsFirearms.com sell antique, rare, and other types of collectible firearms.
The cost of a gun varies widely based on the brand, model, rarity, and antiquity of it. Ideally, starter guns that are good for collection may cost anywhere from a few hundred to a few thousand dollars.
Here are some examples of good investment firearms:
A firearm collector with a valuable collection of guns needs to protect the people around him as well as his investment. This is why buying a gun safe is a very important part of your investment.
There are many varieties to choose from, ranging from inexpensive metal cabinets to complex, heavy-duty gun safes weighing thousands of pounds and costing thousands of dollars. Websites like PatriotGunSafes.com and LibertySafe.com sell nice gun safes.
Securing a Federal
An FFL is a license that enables an individual or a company to engage in buying, selling, or repairing guns. Pawnbrokers, manufacturers, importers, dealers, and serious collectors in the firearms business are required to have an FFL.
Aside from being a license, having an FFL also offers some advantages for investors:
A Successful Firearms
Mr. John Gangel, president and owner of Little John’s Auction Service, has been collecting antique firearms for over 50 years and knows the industry very well. He became interested in collecting antique firearms in the late 1960s, although he had a few guns before that. He got his first decent guns in his teenage years when he had a moving business and made a trade with an elderly woman: he moved her household in exchange for a few old Winchesters and suddenly found out that they resell quickly and profitably. That was when he started concentrating on buying and selling antique guns in about 1969 or 1970.
Mr. Gangel traveled to gun shows for many years and worked in the firearms business. His first business partner was Moe Gruensky at the Musket and Saber in Costa Mesa, CA, who started with him full time in 1969. In 1974, Gangel opened a place called “The Arms Cellar” and had both shops from 1975 until the early 1990s. He also went into business with a man named Bob Ells from Ells Fargo in 1974 and was with him until 1979. At one point, he had three gun shops in southern California, one antique and two modern.
In 1978, Mr. Gangel opened up Little John’s Auction Service and has been auctioning fine firearms ever since. They do five auctions every year, have a gallery used to sell to private customers, and also travel to gun shows.
One of the most successful auction years they had was in 2003, when they had collections at an estimated value of $5 million to $7 million, and in the same year, they sold the .44 Smith and Wesson that took the life of the famous outlaw, Jesse James, for $350,000.