• Ken Kraushaar

Tips/thoughts when buying or selling used guns

Hey guys,

just some thoughts about what to be aware of when buying or selling used or consignment guns.

recently I've ran into a couple of situations when a customer went to another shop in order to sell a firearm and got severely underpaid, so I wanted to put a couple of thoughts on paper as it will help when dealing with these situations.

1) get a copy of the blue book of gun values or go online and pay for the particular section pertaining to your firearm. know what the value is, and what it is worth.

2) know the grading scale and how it works. be aware of the condition. this will help you negotiate a price, especially if you have all the original manuals, parts, etc.

3) be aware that a gun store owner will try to get the best deal for themselves. if you're told that the firearm you're selling is bought "all day long" at a lower than retail price, and your firearm is in good to better condition, realize that you're likely being told what a firearm is bought for at wholesale, if modern, and if older, likely being given a price that is lower so that the shop owner can make money off of it. for instance, a gun with a 700.00 value being given an offer of 500.00 is likely due to the shop wanting to make a 200.00 profit when they sell it.

4) be aware that any pricing, if the firearm is on consignment also includes the fee that the shop is charging in terms of a percentage. some shops do more, or less, depending on the value.

5) if a shop owner low-balls you, and you know it, don't settle, take your business elsewhere if you can. remember though, if you find out later that you were ripped off, there's nothing you can really do if the transaction is completed and the shop owner turns around and immediately sells a firearm.

6) if you put something on consignment, the state allows up to 30 days to retrieve your property before a shop can sell it. if you are told "it was sold immediately" and you can't get it back, then it's either not on consignment, or you're being told a lie.

I have seen this where a local shop, which will remain nameless, put something into the system as a consignment, and was supposedly sold the next day, and the owner, who changed his mind, was told as such. this is a violation of the law, as the firearm has to be held onto for 30 days, and cannot be transferred to a new owner before the 31st day for this very reason. the DOJ actually determined that the shop owner had inappropriately entered these various items sold as consignment, even though he paid the customer outright, and it was not actually a consignment acquisition. long story short- this situation caused a headache for both the customer and the shop owner. make sure you know what you're getting into, and if possible, get the consignment agreement in writing.

7) buyer be ware on online purchases of older guns. make sure that your firearm is represented fairly at the time of receipt. if not, refuse the gun, contact the seller, and either have them make it right, or get your money back or both. while somebody like myself may be able to fix something in less than stellar condition, if you're paying for something that isn't noted as being non-functional or broken in some way before hand, then you're potentially being misled as to what you're getting into. keep in mind that depending on what's wrong with a gun, you can tack on anywhere from 50-150 in labor, not including parts, to fix something that is broken, so make sure you get what you pay for.

anyways, this is all I could think of off of the top of my head. remember: when selling, you are the seller, and you need to and are entitled to get as reasonable a price as possible for what you're selling.

stay safe and happy shooting!

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