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Thread: Remington 40x for sale

  1. #1
    Join Date
    Nov 2008
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    12

    Remington 40x for sale

    I have several Remington 40x for sale. Our 4H Shooting Sports Club is looking to sell these and re-invest in some range improvements. The rifles are all very good and we have the appature sights (Olympic and Palma as I recall). What would be a good starting point on the price? Since our 4H Program owns them, I assume that it could be a tax deductable donation...

    Roy
    (404) 227-2272 cell

  2. #2
    Join Date
    May 2003
    Location
    Buford GA
    Posts
    1,694
    Put them on Gunbroker.com to get top dollar. Put them on one at a time so you don't end up competing against your own guns.

  3. #3
    Join Date
    Feb 2003
    Location
    mt.vernon KY
    Posts
    1,312

    cool

    Quote Originally Posted by Ole Mill Range View Post
    I have several Remington 40x for sale. Our 4H Shooting Sports Club is looking to sell these and re-invest in some range improvements. The rifles are all very good and we have the appature sights (Olympic and Palma as I recall). What would be a good starting point on the price? Since our 4H Program owns them, I assume that it could be a tax deductable donation...

    Roy
    (404) 227-2272 cell
    $800 and up

  4. #4
    Join Date
    Mar 2004
    Location
    Elburn, Illinois
    Posts
    352
    $800 minimum, heck, a receiver w/bolt is worth $600 by itself. Thanks, Douglas

  5. #5
    Join Date
    Feb 2003
    Location
    Florida
    Posts
    469
    Roy:

    Let us know where you put them...

    Dave

  6. #6
    Join Date
    Feb 2003
    Location
    Wylie, TX
    Posts
    383

    I would be carefull

    on the tax deductible part. Its not really a donation if you are buying something whose value is close to the donation amount.

  7. #7
    Join Date
    Feb 2006
    Posts
    215

    Deductible amount

    The deductable amount is the difference between the price paid at auction and the fair market price. (assuming the price paid is ABOVE the fair market price)

    That's the way activities like auctions held at churches, etc. are handled. If the church auctions off a nice shotgun worth $1500 or so, and the winning bid is $1800, then the tax deductable portion is $300. I just recently learned this in conjunction with a church auction for a nice shotgun.

    SteveM.

  8. #8
    Join Date
    Nov 2008
    Posts
    12
    Quote Originally Posted by Douglas View Post
    $800 minimum, heck, a receiver w/bolt is worth $600 by itself. Thanks, Douglas
    Remember it's for the children... I'll stay away from the finer legal points of Deductions (IANAL nor an accountant) but I have six (one is spoken for...) very nice 40x's that need new homes, where they will be cared for and loved. Anyone interested in stopping by Griffin GA to appraise and grade them? We made $2500.00 - $3300.00ea off the first two raffles, but it takes time and effort that the kids don't seem to be willing to do in this economy. We've even thought about chopping off the barrels and putting the barreled actions in a different stock, but by the time we do all that, we could buy an Anschutz 20XX... We're a 50 foot (50M coming when we raise a few more bucks) indoor Club, so we're not that worried about spending big bucks for club rifles.

    Thoughts?

    Roy McClain
    (404) 227-2272 cell

  9. #9
    Join Date
    Oct 2005
    Posts
    36
    Quote Originally Posted by Douglas View Post
    $800 minimum, heck, a receiver w/bolt is worth $600 by itself. Thanks, Douglas
    Not so much in this economy. Take a look on gunbroker, same 40X rimfires listed for 3 months.

  10. #10
    Join Date
    Apr 2004
    Location
    Montmorency Co, MI
    Posts
    380
    If those were bought from CMP about 5 years ago, I hope they never can sell them.

  11. #11
    Join Date
    Jan 2009
    Location
    Auburn CA. USA
    Posts
    51
    I paid $500 for mine a few months ago from a dealer.

  12. #12
    Join Date
    Oct 2005
    Posts
    36
    Quote Originally Posted by langenc View Post
    If those were bought from CMP about 5 years ago, I hope they never can sell them.
    Why's that?

  13. #13
    Join Date
    Mar 2005
    Posts
    51
    I think because if they were purchased from CMP it was with the understanding they were not for resale, but for the purchaser's use. At least that is what I've been told by some other shooters.

  14. #14
    Join Date
    Feb 2003
    Location
    Bolivia, NC
    Posts
    203
    As I remember if the 40X rifles were part of a club purchase they had to be held for one year. If an individual purchase then they did not have a time period to be held. Also, If I remember correctly the first sales were restricted to CMP clubs and later sales were opened to individuals.

  15. #15
    Join Date
    Jan 2009
    Location
    PA
    Posts
    12
    Would love to pick one up from you. Will give you a ring tomorrow.

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