Gun show report: A seller's market. [View all]

Went to a small gun show over the weekend. If you want an $800 SKS, a bottom of the line AR-15 for $900, a bunch of M1 Carbines for $1200 to $2000 each, or a Norinco AK-47 with a thumbhole stock for $2500, this was the show for you! All the 9mm or .45 ACP FMJ you could ask for at $50 to $70 a box. 5.56x45 starts at a buck a round, green tip SS109 $1.50 to $2 a round. 7.62x39 also $1 a round.

One guy did have a bunch of interesting early 20th Century pistols, but none of them had price tags. After I asked out of curiosity how much he wanted for the Spanish Jo Lo Ar (a weird 9mm Largo handgun whose slide can be retracted using only one hand), I found out why. In nice shape it's a $900-ish gun. His was beat up, and he wanted $1200.

Magazines weren't too overpriced, oddly enough, so I picked up a Magpul 60 round drum for my AR. AR drums are notoriously unreliable, but from everything I've seen Magpul is the exception.

One bright spot: At a previous show a guy had an AMT Automag IV .45 Magnum (not a typo, it's an obscure caliber) with a price tag of $1,000 on it. The Blue Book says it's only worth $600-ish in nice shape, but the last few that sold on Gunbroker all went for $1500 to $2000, so I took a chance and bought it. A short time later, I decided to see what I could get for it, and had an auction house list it. The auction just ended, and it sold for $2500.