Need a flavor [Gun Pricing]

[S8MS-01904]

Here's the short & sweet: Got a buddy that needs money (yeah , we all got those friends), anyway, he's got up for collateral a Ruger P85DC or Ruger P89DC for me to hold until payback.

What I needs to know is what's the Blue Book value of these two Rugers at the 95% level. The gun's never been fired, he just doesn't know which one he has (P85 or P89DC). I guess the P85DC has an outstanding recall but that's all I know.

I just don't want to get stuck with a brick if I don't have too, ya know!!! He's looking to borrow 'bout $400.00. It's unfired, complete as NIB plus 2 mag's.

What ya'll think it's value is??

Tanks......

 

[indykid]

You might check gunbroker to see what they are selling for. Search for closed auctions on each pistol just to get an idea.

Remember, ignore the open auctions with no bids. Only bid on or purchased firearms are what people will pay. No bid auctions really are useless in determining value.

 

[pinhead56]

My Blue Book is the 30th edition (2009). What I see is...

P85
100% 98% 95%
$375 $315 $280

Other notes: Any P85 without "MKIIR" stamped on left or right side of the safety needs to be returned to Ruger for a free safety modification.
Subtract $30 if no case and extra mag
-------------------------------------------
P89
100% 98% 95%
$380 $330 $280

Other notes: DC (decocking) version was available at no extra charge
Subtract $30 if no case and extra mag

 

[S8MS-01904]

Tanks, sounds like the loan might be valued at half of his wishes unless he has more to offer.

 

[MarlinMan68]

I wouldn't do more than $250.You could shoot it and still get your money back if he fails to pay.

 

[adventures47129]

I do not know if this will help you...

Free Gun Values, Reviews and Auctions - Guns for Sale - Buy & Sell Used Guns, Shotguns and Rifles apprasal used firearm used shotgun for sale collectors .45

 

[dice dealer]

I would Loan him about $100 a piece for them with the understanding he has 2 months to pay me back before I sell them .

 

[kludge]

Class B Misdemeanor

Ummm....

IC 35-47-4-2
Loans secured by handguns
Sec. 2. A person who makes a loan secured by a:
(1) mortgage;
(2) deposit; or
(3) pledge;
of a handgun commits a Class B misdemeanor.
As added by P.L.311-1983, SEC.32.

Just sayin'...

If he's looking to sell, let me know, I've been on the lookout for a DC.

 

[rimfire_crazed]

All legality aside - regardless of condition, I wouldn't "spend" more than $175 on the deal. There is absolutely no demand for those guns and it wouldn't be an easy sell - especially when you can buy the current model with all of the bugs worked out for $315 from Buds.

 

[kludge]

DC is no longer made, FWIW, but you are correct, not much street value.

 

[dave29]

I wouldn't advance him more than 200 bucks on said firearm.

 

[S8MS-01904]

Wow, that's great info, I told him that I can't swap green & coins for brass & steel.

I'm hold'ng, he's gonna find another tree to pick.

 

[kwatters]

Ummm....

Just sayin'...

If he's looking to sell, let me know, I've been on the lookout for a DC.

So the pawn shop gets around this how?

 

[JoshuaW]

Ummm....

Just sayin'...

If he's looking to sell, let me know, I've been on the lookout for a DC.

Which is why you buy them, then he buys them back. Pretty simple.

 

[kludge]

So the pawn shop gets around this how?

The pawn shop owns it, it's not collateral. If they sell it before you buy it back at a higher price, then too bad.

The same *might* apply in this situation... If both parties agree that this is the situation, then nothing illeagal has occured. This is one case where going to an FFL to do the transfer might actually be beneficial. The FFL can always transfer it back too. Actually the FFL's records would likely be admissible evidence for a denfense. A Bill of Sale? Hard to say, since you manufactured the evidence, it could be argued that parties were in collusion, and that they intended all along that the gun would be given back upon repayment of the "loan."

Especially since this was posted was in a public forum outlining the original intent of the transaction.

Doesn't he have a fishing boat or something that could be used as collateral? Or a rifle?