I’ve heard discussion after discussion on forums about what will happen with Gen 2 guns over the years. There seem to be two trains of thought on what will happen to their values over time: 1. That there are too many made and they’ll never appreciate. 2. That it’s just a matter of time–hold them long enough and they’ll be worth something.
The truth is probably somewhere in the middle. Despite the large number that were produced (ten year production run from ’88-’98), we are already starting to see quite a few sell for premium prices. The model 19 will consistently bring high prices at auction with my personal sales record sitting at $1225 for one with no case or extra mags. I still have NO IDEA what those two bidders saw in that particular gun, and I would consider it an outlier more caused by two buyers refusing to give than an indicator or true value. However, a Gen 2 19 will consistently bring more than a new Gen 5 and some of them go in the $800 range fairly regularly.
But when it comes to collecting Glocks, the model 19 is in a category all it’s own. Just because a 19 brings a premium doesn’t necessarily translate to other models. A few 17s bring higher values–usually NIB condition. The .40s might never catch on again.
When it comes to the overall trend of Glocks, the ship has sailed for Gen 1s–they’ll always be higher value, but the 2s will likely be a mixed bag. On the one hand, they haven’t been made in over 20 years and the supply of excellent condition models will dwindle with time. On the other hand, the sheer number produced creates a supply that might not ever dry up. They are not exactly rare, they are just packed away in a million safes and aren’t out on the market. Over time these will cycle through time and time again. If you want to pick these up, your best bet is going to be patience and waiting for your opportunity.