Rare? H&R L61R 81K Serial Range 7MM Rem Mag

[NicoleS151]

So i have been doing some research on a gun my Grandfather gave me. It is a H&R L61R 81k serial number range 7MM Rem Mag UltraRifle with the Sako Action in Really good condition i was wondering if someone could give me a little more info on it or what they think it might be worth. what i am gathering is i have inherited a pretty rare rifle

 

[16b410]

I saw one in that same cartridge with about that serial range in about 85 to 90% condition sell last year at auction. A dealer paid all but 600.00 for it. He sold it a few weeks later for about 125.00 less. They are rare rifles, but they are only worth what someone will pay on any given day.

 

[enotstehw]

Was the auction an estate auction or just another dump your junk auction?

 

[paulsonconstruction]

The H&R Ultra Wildcat & Ultra Rifles were very well made quality rifles & you should feel fortunate to have received it from your Grandfather. As most don't know about them or recognize their quality they have a very small following & subsequently, even though rare, don't command high market prices. I've never seen a H&R sell for more than an original Sako in comparable condition. That being said, you would be hard pressed to find a better rifle on any gun store shelf today. I wouldn't worry to much about it's worth, but rather enjoy it, remember your Grandfather each time you use it & someday pass it down to your Grandson. BTW, there are quite a few threads here about the H&R rifles you can review to learn more.

 

[16b410]

Was the auction an estate auction or just another dump your junk auction?

It was an estate sale comprised of some nice stuff actually. About half of it was 'lefty' as the deceased was left-handed.

 

[enotstehw]

OK . . . so the dealer then . . . sold the gun at a dump your junk auction . . . or on the internet . . . with a three day inspection?

 

[16b410]

This brick-and-mortar dealer drove some 40 miles to the auction and bought it to re-sell on the internet. I think it was GunBroker, but can't be sure about that or his terms. He certainly overestimated it's value and paid more for it than he flipped it for. I went there to buy it, but there was just too much 'history' in the wood and metal to suit me. This sort of thing speaks loudly to the big question... What is my gun worth?

 

[enotstehw]

Thanks for the information . . . but placing a value on a gun . . . at an estate or dump your junk auction is kinda like placing the value a used car at a junk yard. I've never seen an estate auction that had a return policy . . . it's . . . you bought it . . . and now . . . your stuck with it. And that no return policy . . . always lowers the selling value of anything.
I was at estate auction a 18 months ago . . . a mint finnwolf . . . went for $3000.00 and a L461 Deluxe 222 went for $3400.00 . . . and then I found out . . . relatives were fighting over the guns . . . and they only had to pay the auctioneers fees . . . not the actual bid price.