I started going to Gun Shows in 1976, and quickly got interested in single shot rifles because they were classy looking. Being a print junkie, I quickly accumulated all the books I could find about them. About 1981, I found a few back issues of American Single Shot Rifle News and joined up. Back then, a starving student or beginner in the workplace, if he was persistent and did his research, could acquire single shot rifles in shootable, or at least rebuildable, condition. I had a ceiling of $250, which I rarely exceeded, and this got me a goodly number of varmint rifle conversions, grey rats, refinished "originals," and other low end specimens of all major designs. And parts for same. Somewhere in the late 80's--early 90's the atmosphere started changing. The shows run by the gun collectors' associations began to be edged out by show promoters, whose business was to sell tables, not show guns. There were more and more of these extravaganzas scheduled, diluting the incidence of good stuff further. The table holders, who formerly talked about guns, began increasingly to talk about money and investments, and, ultimately, about how dead the show was because they hadn't sold anything. (A look at their prices would always show why, but out of politeness, I never pointed it out.) I do see the tables with "Uppers" and "Lowers" and black rifles mobbed by the younger generation, but I see them look at the good old stuff too. The sad fact is that they were priced out of all sane limits by a bunch of hustlers who were determined to retire in Florida on the proceeds from the used gun racket. I'd frequently see a gun in "NRA Disgusting" condition at the same price a Price Guide listed for the same one in Mint condition. Now the Internet auction sites fire the pecuniary hopes and dreams of these purveyors of "rare" and "vintage" firearms. I really don't see this situation as a deplorable decline in investment value. I see it as a bubble whose time to burst has long since passed. It dragged out a long time as inflation degraded the value of money, but hopefully it's ready to pop. And afterwards, maybe some youngster with six months' savings in his pocket will see a beat-up old Highwall amid the Picatinny Railed table offerings, note that the price isn't insanely out of line with them, say, "Hey, this is kind of cool," buy it, and start the process again.
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