I was just checking out SAMCO's website and noticed that their excellent condition M59/66A SKS is now priced $40 higher than what their sold out new condition rifles were a couple of weeks ago. If you are going to price gouge best to remove the old prices from your website...
SAMCO jacks up their SKS prices
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Why do you assume it's gouging and not merely them passing along the price increase from their source?
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Kind of a supply and demand thing...if they don't jack the price up some other distributor will buy them all and these new owners will then jack the price....with the current panic/paranoia/hysterics/feeding frenzy....the old rules of business just sort of go out the door.
In one respect it is nice that my sks collection is worth much more today than a month ago. But it does make it harder for me to add to it.
In one respect it is nice that my sks collection is worth much more today than a month ago. But it does make it harder for me to add to it.
The quantity cap they put in place a couple of weeks ago was sufficient to prevent what you describe from happening. The increased prices just showed up this weekend...
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OK, but the question that I ask in all seriousness, is how do you know which rifles that they bought when and how much they paid for them? Not trying to bust your chops, but how much do you know vs. how much are you assuming?
No offense taken, it's a valid question. Do I KNOW for a fact that these aren't the same Yugo SKS's that were imported many months ago, no. However, based on what other distributors have or more precisely don't have, It seems highly unlikely that these are newly imported/released for sale rifles. If this were the case, I surmise that 1) we (i.e. the collectors aka "the consumer") would have heard about a new importation, and 2) other distributors/importers would be selling the same rifles. Is it possible this is newly released inventory, yes. Is it probable, I don't think so.
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OK. That makes sense enough for me. Thanks for explaining.
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Ahhh...didn't realize they had a cap on quantity...The quantity cap they put in place a couple of weeks ago was sufficient to prevent what you describe from happening. The increased prices just showed up this weekend...
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Hello, while I am not an agent of SAMCO's I could almost guarantee they did not "just buy" those recently. Takes longer than thirty days to make a sale and get shipped and a import permit approved. While I have no problem wiht folks making money I think some folk are out to really make their share. NS
NS
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474 Posts
MGS has a bunch of Yugo 59/66s for $199. Not sure if they raised their prices or not, but this is the price I saw today in their retail store.
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Rule 303 Correct
To add to the conversation, my accidental neighbor (long story), placed an order for a Samco Global as-new condition Yugo M59/66A early in November and was told then: "Yes, we HAVE rifles" when asked about their inventory post-general election. He was so impressed by the quality of what he received that he placed a second order for one in the same condition category on Friday via their website. Order went thru as processed. He telephoned them today, Monday, and was told his follow-on order was "lost." Then he checked around and discovered the sell-out of the best quality and price hikes of $40 on the remaining stock. Neighbor is not happy. I had to admit this was not the best business practice imaginable.
I agree that the Samco Global Yugo SKS inventory has been on hand for quite some time, many months actually.
This is as far as I'd care to take the matter. The tired old adage of "you snooze, you lose" is being proven true every day in countless ways. Thank heavens most if not all denizens at this site have provided for themselves before now.
Finally, that our SKS collections have sharply increased in value is small consolation as our real estate values plummet. Yet that is another story for another time.
To add to the conversation, my accidental neighbor (long story), placed an order for a Samco Global as-new condition Yugo M59/66A early in November and was told then: "Yes, we HAVE rifles" when asked about their inventory post-general election. He was so impressed by the quality of what he received that he placed a second order for one in the same condition category on Friday via their website. Order went thru as processed. He telephoned them today, Monday, and was told his follow-on order was "lost." Then he checked around and discovered the sell-out of the best quality and price hikes of $40 on the remaining stock. Neighbor is not happy. I had to admit this was not the best business practice imaginable.
I agree that the Samco Global Yugo SKS inventory has been on hand for quite some time, many months actually.
This is as far as I'd care to take the matter. The tired old adage of "you snooze, you lose" is being proven true every day in countless ways. Thank heavens most if not all denizens at this site have provided for themselves before now.
Finally, that our SKS collections have sharply increased in value is small consolation as our real estate values plummet. Yet that is another story for another time.
G
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·Every body is a conservative ,but when supply and demand is working .Sometimes we are not happy.Supply and demand is not gouging .Those who have are happy those who dont are not . They will have no problem selling them at 40 dollars more .The rest will see their price hike and soon follow suit .
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Don't want to get preachy, but here is Economics 101:
In a successful business, you use an accounting system called "LIFO". This means last in, first out. You set your pricing on what it is going to cost you to replace the item, not what it cost when purchased. Why, as a business man, would you sell a WASR for $359 that will cost you a minimum of $459 to replace? That is why gas is now reflecting a cost of oil around $50 a barrel rather than the circa $100 a barrel that current stocks were actually purchased at. The current situation is made worse by uncertain supplies and potential legislation against "evil rifles".
In a successful business, you use an accounting system called "LIFO". This means last in, first out. You set your pricing on what it is going to cost you to replace the item, not what it cost when purchased. Why, as a business man, would you sell a WASR for $359 that will cost you a minimum of $459 to replace? That is why gas is now reflecting a cost of oil around $50 a barrel rather than the circa $100 a barrel that current stocks were actually purchased at. The current situation is made worse by uncertain supplies and potential legislation against "evil rifles".
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Well, I bought a Yugo 59/66A1 Sunday at Big 5 for $399. Yesterday I was at my local milsurp dealer's and asked him to order another one from Samco for me. The one I got from Big 5 has the muzzle brake for CA on it. I want the grenade launcher. He wanted to order one for himself, but he could only order one. So I get it.
AC
So I get it.AC
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Yeah, I picked mine up RIGHT BEFORE the jack-up. And its an awesome rifle. Another guy I know held off, now, hes out of luck.
Even then guys, I know it sucks, but I would still pay the extra 40 or 50 for the one I got.
Even then guys, I know it sucks, but I would still pay the extra 40 or 50 for the one I got.
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Hey everyone! New member! anyways, what from I know, you would use Dollar Value LIFO. In this case you would save the 359 wasr in inventory until you sell all the 459 wasrs. This is because you are dealing with the same product and in reality you have an artificial gain if you try to sell the 359 wasr for 459 before you get rid of all the 459's and end up keeping them in the inventory. Your objective to have a safe "layer" of low cheap inventory. Having an inflationary profit (you still have 459 wasrs in inventory and only sell the 359s) will force you to pay more taxes!
By the way I'm just learning this stuff in school so correct me if i got something wrong
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