Feeling that I have more than enough ammo for my purposes I thought I'd take a look at Gunbroker and get some market info for getting into the mix. I was seeing a buck a round for .223 (Federal 55gr FMJ AE223J) and right now the highest I've seen is an active auction that ends in 12 hours that's now at over $1.60/rd(500 rounds for $801 and climbing). I'm seeing dollar signs at this point. Then I see another auction that just ended, exact same 500 round lot of the same ammo, and the auction goes dead with no opening bid of at least $450. So questions; what are the general opinions on when ammo prices might die down, or if, and what can anyone tell me about Gunbroker auctions and why I might see an anomaly like this? I've never had anything for auction (for that matter never sold a firearms or ammo in my life) so I'm not sure what it was about these two auctions (both "featured" ads) would account for a what, 90% spread?
TIA!
Ryan
TIA!
Ryan