It doesn’t matter if you own one gun or more than 40 (if that’s the case, let’s be friends), it’s good to know what their value is. Even if you don’t plan on selling your firearm, it’s important to understand its worth. Although the idea of doing a DIY gun appraisal can seem overwhelming, the first one’s always the hardest. The more you do, the easier they become.
Consider What’s Your Gun Worth to You
A gun’s value doesn’t always lay in what someone’s willing to pay for it.
It could be the Colt 1911 that you’ve shot over a 1,000 times and no matter how many other guns you try, nothing feels as good as it does in your hand. Or maybe you have a snubnose S&W Bodyguard that may not bring in top dollar, but your dad gave it to you when you moved out of the house and it holds sentimental value. That’s fine. Never underestimate the personal value of a gun. The first time you sell one that you really don’t want to sell, you may regret it for the rest of your life.
Do a DIY Gun Appraisal to Determine Your Gun’s Worth
While you may feel like there could never be a price associated with your gun, the fact is there is. Every gun has a specific value that’s determined using a variety of things. Some of the most influential factors that impact your gun’s value include:
- AGE: In most cases, the older a gun is, the more it’s worth.
- TYPE: The type of gun influences its value, and some of the most sought after gun types include 1911s and military firearms.
- CONDITION: Perhaps one of the most important factors during a self appraisal, gun conditions can range from brand new and never shot to so old and rusty you can’t fire it
- MAKE AND MODEL: When it comes to gun value, the make and model of your firearm makes a difference, with Luger pistols and pre-1964 Winchester Model 70 rifles both having high values.
- RARITY: Generally, the harder it is to find a gun, the more valuable it’s going to be.
To complete your DIY gun appraisal, write down all of this information about your firearm and start researching. Check out your local gun shop, go to gun shows, hit some (decent) online forums, or maybe even purchase a Book Book of Gun Values to get the best idea of your gun’s worth.