The Surplus Guns Gold Rush When Communism Fell (w/ Val Forgett)

Published on May 20, 2026
Duration: 10:47

This video delves into the 'gold rush' of surplus firearms that flooded the market after the fall of communism in Eastern Europe. Val Forgett of Navy Arms, alongside Ian McCollum, recounts the chaotic but lucrative period of importing vast quantities of Soviet and Eastern Bloc weaponry, including Makarovs, SKSs, and Mosin-Nagants. The discussion highlights the origins of these firearms, the logistical challenges of international trade in the 1990s, and the surprising historical context of World War II era weapons being sourced from former Soviet republics like Ukraine. It also touches upon other significant surplus acquisitions, such as British L42 sniper rifles and Ishapore Enfields, detailing their market value then and now.

Quick Summary

The 'gold rush' for surplus firearms occurred after communism fell, creating a market for weapons from Eastern Europe. Ukraine was a major source for WWII-era arms like Mausers and P38s, not Russia. Importing involved challenges like lack of banking and navigating regulations, but resulted in significant value appreciation for firearms like Ishapore Enfields.

Chapters

  1. 00:00Introduction: The Surplus Gun Gold Rush
  2. 00:06Val Forgett of Navy Arms Joins Ian McCollum
  3. 00:11The Real Story: Post-Communism Firearms Market
  4. 00:20A Free-For-All in Arms Distribution
  5. 00:42Major Importers and Their Successes
  6. 00:70Eastern Bloc Countries as Sources
  7. 00:93Ukraine: A Major Source for Mosin-Nagants
  8. 01:11WWII Weapons from Ukraine, Not Russia
  9. 01:31Auctioning Mausers, P38s, 1911s, Lugers
  10. 01:50Soviet Storage and Reworking of Arms
  11. 02:08Importing Challenges: 1911s and P38s
  12. 02:23Logistics and Payment: Bare Bonds in Kiev
  13. 02:51The Reality of 'Bare Bonds'
  14. 03:00Lord of War Parallels: Cargo Flights and Inspections
  15. 03:18Budapest vs. Kiev: A Stark Contrast
  16. 03:30Navigating Import Permits and Deals
  17. 03:55The Risk of Importing: A Father's Logic
  18. 04:16The Scale of Surplus Arms Available
  19. 04:35Shifting Focus: Overlooked Markets
  20. 04:48British MoD Surplus: L42 Snipers and Hi-Powers
  21. 05:14India: The Ishapore Enfield Deal
  22. 05:26Curio & Relic Regulations and Ishapore Enfields
  23. 05:42Packing 70,000 Ishapore Rifles
  24. 05:57Ishapore Enfields: Value and Performance
  25. 06:16Congressional Shootout: Ishapore vs. HK
  26. 06:32Conclusion: The Value of Surplus Firearms

Frequently Asked Questions

What was the 'gold rush' period for surplus firearms?

The 'gold rush' for surplus firearms refers to the period following the collapse of communism in Eastern Europe, primarily in the early to mid-1990s. This era saw a massive influx of previously state-owned military firearms into the civilian market due to loosened export controls and economic changes in former Soviet bloc countries.

Where did many World War II era firearms imported from the former Soviet Union originate?

Surprisingly, a significant number of World War II era firearms, such as Mausers, P38s, and 1911s, that were imported from the former Soviet Union actually came from Ukraine, not Russia itself. These weapons were often stored in large quantities and later made available through auctions.

What were some of the challenges faced when importing surplus firearms in the 1990s?

Importing surplus firearms in the 1990s presented numerous challenges, including the lack of established international banking systems and cargo flights in some regions. Importers often had to use unconventional payment methods like 'bare bonds' and navigate complex import permit processes, especially with changing U.S. regulations.

How has the value of certain surplus firearms changed over time?

The value of many surplus firearms has increased dramatically. For example, Ishapore Enfield rifles, which were once imported for around $89, can now command prices of $500 to $600. This appreciation is due to their historical significance, collectibility, and often excellent condition.

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