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If your collection has bankrupted your family and/or caused a divorce then maybe the number you own is ?too many?.
If you haven?t pushed yourself to the brink of divorce or financial ruin then you probably don?t have enough.
I can't answer that til I have all the guns I need and I find a new need pretty regular.
It's a bummer that my needs are way out ahead of my ability to purchase. I doubt I will ever obtain all the guns I need much less the guns I want.
If you're unarmed, you are a victim.
When confronted with that question from my wife I ask her “How many purses and shoes are to many?” We both go about our ways.
There's no one-size-fits-all answer to the question because there are too many variables, most of which have already been mentioned.
For some people, one gun in a household is too many. For others several hundred isn't too many. My bank account leans towards the former while my desires lean towards the latter. I just have to find a number I can live with...and I'm still looking.
I often think I have enough, but I also find myself wanting more and am constantly looking for a deal.
I try to buy firearms for a specific purpose, be it sporting, defense, or tactical. And subsets thereof. Does that always work? Of course not, I have a few that I bought for nostalgia, or because it was just too good a deal to pass up. I also try to consolidate calibers as much as possible.
YMMV as always. Different strokes for different folks, right?
Top quality guns hold their value over time.
Rare or unusual guns tend to increase in value.
If you have more guns than you need, and are faced with a large unexpected expense, you can usually turn guns into money quick if they're priced right.
You only need one, but it should be an AR-16!