AR question, whats it worth?

[CountryMile]

I am going to try to help out a buddy in need. He wants to use his AR as collateral on a loan. I am AR ignorant so a little help here would be great. He has a DPMS LR 308,open sights,16 inch barrel 2 small mags,3 large mags,sling and carry case. Gun is in very good condition and has hardly been shot, (under 500) round count. Incase I have to peddle this outfit what could I expect to receive for my investmant? Thanks, Dave

[Bigeasy]

Somewhere around $1000.00 - 1100.00 i'd say.

Larry

[FPH]

If you need to unload it in a hurry......better figure $750.00 for loan value.

[CountryMile]

Thanks guys. Anyone else want to chime in please do. The more numbers I get the better chance I will get one my wife will be happy with lol.

[rdmallory]

Send an email to Buds Gun Shop they will give you a wholesale price they would give.

Doug

[Old Syko]

Don't think ya need more numbers since the above seem to be quite valid.  Well at least where I'm from they are.  If you're willing to hold it a while, it's worth a grand or a touch more and less if you expect a quick turnover.  Pretty much a cut and dried deal.

[mcwoodduck]

As others have said it is not worth that much.  My guess is you cna put it on a gu shop shelf for about $1,400 and it will sell pretty quick,  You will get about 70 to 75% of that as a consigned item  and about 1/2 of the 1400 being sold out right to the shop.
I have done this with a buddy of mine a few times for a friend of mine where he hands me a gun till he can pay me back. 
I guess the questions are;
1) how reliable is he to pay you  back
2) is the friendship worth loosing if you sell his AR after a certain time
3) what are the laws in your state, could you be charged with illegally running a Pawn shop or selling stolen property if you sell it with out his permission?    ( I had a friend, repeat HAD a friend in college that owed me money and he handed me a shotgun to be fixed, after about three years of him not making a payment on what he owed me or paying for the parts I put into his shotgun to fix it, I told him if he did not pay me I was going to sell the shotgun, he had the DA of Norfolk call me and tell me if I sold the gun he would charge me with extortion.  Had to send the gun back to him and have never been paid)

[cjclemens]

I'd say you're safe to value it around $1k, if its in excellent shape.  Obviously, you'll take a hit, if you sell it via consignment, but that doesn't change the value of the firearm itself.

[CountryMile]

Thanks for all the input fella's. Much appreciated.