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Posted: 9/14/2006 1:08:15 PM EDT
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I have a buddy with a RDIAS who is kicking around wanting to sell it. What is the current value of the early DIAS that have that "trip" looking thing (not like the current GI issue). I know thats a crappy description, but I don't know how else to describe it. Here is a photo of what I'm talking about. He form 1'd it back in '83....Thanks to all....http://img.villagephotos.com/p/2006-7/1199674/dias_installed.jpg |
The internet price from established NFA dealers is $11.5k-$12.5k. The ones with steel bodies seem to sell for a premium, and the price from a non-dealer generally is about $1k less. There also are "advertised" prices vs. selling prices -- post an ad at $10k-$10.5k and it'll sell immediately. There are some folks who do not use the internet, or just prefer to sell locally face-to-face. These prices often are lower than internet prices, where you have to deal with a buyer on the other side of the country who may crawfish on you, or need a lot of long-distance hand-holding. I have also seen some RDIAS on local markets that I wouldn't buy for $10, much less $10k, because of questionable paperwork or authenticity. Dealing with an established NFA dealer gives you some assurance that you will get what you're paying those big bucks for, and that you will not have legal issues down the road. Thus the premium for dealing with nationally known sellers. HTH. |
How can the paperwork be questionable? When you send in the forms to the ATF dont they check the serial numbers? It looks to me that if it were a fake then when you tried to transfer it, it wouldn't show up in the database or it would be transfering from the wrong individual. Are these things not checked when processing the paperwork? |
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Tony K's experience matches mine exactly in a recent purchase of an RDIAS. I paid at the top end of the spectrum, that was all that was out there when I wanted to buy. But I did get all steel (stainless) and a very professional and painless transfer, for me there was some value in that. I think your buddy can get 10K in a slam dunk, after that it gets very subject to market forces. If it is on a form 1 does that mean your buddy made it himself? That may reduce prices over the more recognized makers. Go to M60Joe.com to see great photos of the various brands of sears. |
Potential Buyers vs. Potential Seller. Start at $20,000 and take $1000 off each week it is not sold. |
An outright fake would show up the minute it hit BATF. Although there have been a few cases recently of MG owners or dealers selling one MG to multiple buyers, pocketing the cash, and then stringing them along while blaming BATF for delays. Most of these scumbags have been arrested and prosecuted ... but the buyers never got a cent back AFAIK. Over the years: -- I've seen or been offered "transferable" MGs that the current owners had on Form 4's and which BATF said would transfer to a new owner on a Form 4 ... yet I know were post-1986 manufacture, from both serial number and design. BATF screwed up their status, and sooner or later, someone at BATF will recognize this, and it will be like a game of musical chairs: Whoever owns it when the mistake is discovered will be out his investment. At worst, it will be confiscated; at best, the owner will be allowed to keep it but future transfers will be post-sample-only, thus the resale value will be a tenth of what was paid for it. In either case, BATF will tell the unfortunate owner to seek compensation in civil court from the person who sold it to them. -- I've seen RDIAS that clearly were not made by the manufacturer listed on the Form 4, and in at least one case my suspicions were verified by the listed manufacturer when he was shown the RDIAS. What happened to the original, or when/who substituted in the copy, I don't know. I do believe that if anyone knowledgable at BATF ever has occasion to see those RDIAS, they will be removed from the Registry. Again, BATF will tell the owner to get their money back from the seller. -- There are RDIAS out there that are not what they seem to be -- either "married" RDIAS that were improperly divorced from their host receivers, or RLLs that were improperly "converted" into RDIAS. Again, these can only be determined by serial number and/or examination of the original Form 1 or Form 2. Again, only a BATF exam will find it, and again, it'll be musical chairs, with you having to haul the seller into court. Notice that all the above end with you missing an MG and/or your $$$, and having to hire an attorney to try to get back whatever you can. If you buy from a reputable NFA dealer, they will step up to the plate if you have such a problem with BATF in the future. Most of these problems are things they should have spotted (and of course usually do spot) when they buy inventory. I consider that type of "dealer support" important when buying items as expensive as transferable MGs. It's a huge weight off my admittedly paranoid mind. How common are the above problems? Probably the odds are less than one in one thousand. If you happen to buy one of those "problem" MGs, what are the odds of having it discovered? Much, much longer. But they turn a certainty into a gamble, and when it comes to that hard-earned $10k out of my pocket, I stick to sure things. So I do my homework when buying, or I deal with people I know will back up their sales. As always, YMMV. 
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I just bought an all steel sear last month for $11.5k with a new colt host. Figure the gun is worth less than $1k, then I paid $10.5 for the sear. And the guy a bought it from had a waiting list of people behind me trying to get it. So, anyone who can get a RDIAS for $7 to 8k let me know I'll buy a couple. In the past six months I've seen the asking price as high as $17k (Crazy) and as low as $10k (six months ago). So, if you can get if for around $10k get it. With the new MGI lowers the price can only increase, especially it they finish the 308 mag adapter and maybe a belt adapted in the future. Jeff |
all steel and I love it!!!
I know someone that is selling his and less then 15K Im me if your inf=trested. I think its steel too... Slug-O |
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