Market Trends: Iowa Auction House Moving Lugers

Market Trends: Iowa Auction House Moving Lugers

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Mike CadyCady Auctions, Cedar Rapids, Iowa,


“Right now, handguns seem to be the hottest sellers, military or commercial,” Cady Auction co-owner Mike Cady said. “German stuff is very hot.”

German Lugers with the Nazi mark stamped onto them are selling for $2,400 to over $3,000 at auction, depending on condition and accessories.

Just a couple of years ago, says Cady, $1,000 was about the best you could get for one of these pistols.

Customers come to Cady’s in search of military long guns, and Garands are selling steadily in the $800 to $1,200 range.

Yet, and for reasons he doesn’t understand, vintage .30-40 Krag’s have dropped off in value considerably. Good condition .30-40s used to go for $1,500 and up.

“Today, $750 is a more realistic price,” he notes.

Vintage ammunition is bringing in some very heft bids. At a recent auction, Cady offered a 50-round box of .22LR made by Winchester Ammunition in the 1920’s.

“It was labeled ‘Indoor Precision’ on the box,” says Cady. “A collector in New York State took it for $2,100. Two grand for 50 rounds, that’s pretty amazing!”

Editor's Note: This brief originally appeared in the March 6, 2014 edition of Gun Digest the Magazine.


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