Sunday, July 12, 2009

Gun Show Report

The gun show this weekend was not heavily attended at all, which I am told is not at all unusual for the middle of summer. The good news was that ammo and components were there in quantity, and at about 50% of the prices they were commanding 2 months ago.

This is a very positive sign. Small Pistol primers down to $45/1000, which is like a reduction from low earth orbit to the middling stratosphere, and powder of the common types at 22-24$/lb which is only about 125% of what it should be selling for.

One fellow had 550 rd value pak Federal .22lr, about a dozen of them and was asking $24/box 550. I noticed that at the end of the show, he was still asking, so the bid price, which is what people are actually willing to pay, is somewhat below that. Right now, for me, that would be $20.

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