It looks like old Pistols and guns are the new hot favorite for the affluent to bet their money on. The Luger 1907 handgun being auctioned off for $430,000 off recently has set new horizons for old guns and pistols. We have yet another gun sold off for a high price, but reasonably so owing to its gold inlay. This stunner is a century-old gun belonging to Sheriff Robert Meldrum and is a scarce piece that has been sold for a high price of $258,750. The Pistol gold was the underscore of the magnificent auction for collectors of weapons held by the auction house, James D. Julia.