Show me the Money
If a fellow wanted to sell a bunch (30 or 40) of guns, and wanted to get the best price in return, what would be the best way to go about it. Auction? Consignment? I want to thin out the accumulation and keep the collections. Thanks in advance.
You'v gota kill it to grill it
After thinking about it I thought I might want to edit this post. This is not an offer to sell anything. No underhanded way of getting around the rules. Just an honest question. Hoping for a straight forward answer.Thanks.
Capt. if this is to close to crossing the line please delete it no hard feelings. Thanks
You'v gota kill it to grill it
After thinking about it I thought I might want to edit this post. This is not an offer to sell anything. No underhanded way of getting around the rules. Just an honest question. Hoping for a straight forward answer.Thanks.
Capt. if this is to close to crossing the line please delete it no hard feelings. Thanks
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No Problem Hoss.....Best....Captain Kirk
Captain Kirk, Tech Staff0 -
In my humble opinion, setting up at gun shows is one way to get "good money" for guns. But that takes a lot of time (perhaps several shows) and work on your part, plus there are some risks involved.
I have put guns on consignment at a reputable gun store and done almost as well as the gun show route. That would me my suggestion for you.
Respectfully,
Rafter-S
"What is truth? No wonder jesting Pilate turned away. The truth, it has a thousand faces -- show only one of them, and the whole truth flies away! But how to show the whole? That is the question."
--Thomas Wolfe, "You Can't Go Home Again" (1934)0 -
First I would list the weapons on Gunbroker with a reserve on each weapon, leave them on the site for 30 days, what has not been sold list on another site for 30 days and at the end of that time go back to Gunbroker. You can also take out ads in Gunlist, but that takes money. Third, you can contact dealers by e-mail with a list of what you have for sale, selling to a dealer you will be luckey to get 50%. You can alosm advertise in you local paper and maybe sell some of them. Good luck.[:I] 0 -
I have sold via consignment with a gun dealer in the past. They generally get in the neighborhood of 20% so if you have things with only shooter value it is hard to get what you need. If they are desirable guns in demand, figure out what you need tack on the dealers % and that gives you your price. The best stuff will sell in a couple of weeks. 0 -
I like dkf's suggestion. At one time I found ads in Gun List & Shotgun News to be effective, but, since the Internet caught on, I now find that these expensive ads are rarely worthwhile.
Keep in mind that there are risks in most other selling methods. If you leave your guns with a dealer on consignment, and he goes out of business, your guns (now part of his inventory) become the first assets that will be sold off to pay his debts.
Setting up a table at a gun show is risky. Picture it from the perspective of an ATF agent anxious for his merit pay bonus: You have a bunch of guns, you are selling them at a gun show, AND you do not have an FFL. Looks a lot like "dealing without a license." Remember the BATF motto: "Arrest now, litigate later."
Neal0 -
I'd suggest you look at each gun as an individual "item."
Consider the gun and the market where you live and where you're selling to. Some guns can have limited appeal in your local market, so something like consignment at a local shop isn't the best place to sell; an internet auction could be best in this circumstance.
On the issue of consignment, if what you have is something a local dealer doesn't have in stock, you'll probably be able to keep your consignment percentage (his mark-up over what you want) to about 10%. If your consignment items will be essentially "duplicating" his existing stock, expect him to take a higher percentage. I'd also consider the amount of "handling" which can take place at a shop--especially if you're consigning a nicer gun.
Gunshows can be "cash and carry"--if your State laws allow it without too much hassle, but people at gun shows are often looking for really good bargains, so if you want to sell what you have, you'll have to price it quite low.0 -
quote:Originally posted by nmyers
Keep in mind that there are risks in most other selling methods. If you leave your guns with a dealer on consignment, and he goes out of business, your guns (now part of his inventory) become the first assets that will be sold off to pay his debts.
This is not accurate; your guns on consignment would NOT become part of his inventory to be sold to pay creditors. If a dealer goes out of business, YOU go an pick up YOUR firearms--nobody else will have any right to them.0 -
One way that I have had good luck selling firearms . I take them to a FLL that sells on Gunbroker .I tell the price I want . He has an A+ rating on over 900 auctions . He takes the pictures handles the shipping , ect. Starts auctions at a price that he can make some $ .Works out very well . Sometimes he or I have to adjust our price but I have always been satisfied . 0 -
1. if you sell the whole grouping in one big lot, you are going to get hosed. you will realize about 50% of there true value. on the other hand its the quickest, most hassle free way to dispose of unwanted items, and walk away with fast cash.
most people who fall into this category are selling of a deceased friend or relatives collection. when those left behind have no intrest in the pieces, and no knowledge of there relatuive value, they often do not care how much they recieve. they simply want closure.
then you get the individuals who have been told they have to dispose of there guns in a set amount of time, or they will be arrested. the prosecutors office sends a lot of buisness to local gun shops this way.
2. you can post items on GB at reasonable prices. this can become a hassle if you are short of time and patiance. you may sell a lot of pieces quickly, or you may draw a blank. you pay GB fees, and you must put in a certain level of time and effort. if you have the time and patiance to go this route, you may do better then expected.
3. you can put the pieces on consignment at a local gunshop. my boss takes 15% of the guns sale price. some charge more, some less. while this route can take a while to complete, and you get less for the guns due to fees, its a very low stress, hassle free method. the shop takes care of all the paperwork, and saleswork.
be warned, in some shops the best items never make on display. a gun that might fetch more than you expected is sometimes plucked by the employees at a great price without ever being put out for sale.
at a shop the staff may have multiple buyers for a piece that you cannot sell. there customer base, and contacts often result in a quick sale of an item.
3. you can take the whole lot to a gun show, and offer them as a whole, or pieces to dealers. you will absolutly get hosed if you do this. you will sell a gun and see it for sale hours later for 3 times what you recieved.
4. you can post an inventory/price list at your local range. this will generate a lot of sales. take a few items to the range, and in a respectful, low profile manner, let it be known that you are selling a few items off. this also works well.
just a few thoughts on the subject. best regards, mike.
What other dungeon is so dark as ones own heart, what jailer so inexorable as ones own mind.0 -
I noticed I had 14 people read my post with no replys untill the Capt. gave his O.K. Then I was over run. This tells me two things, 1. The folks on this board play by the rules. And 2. We know who's in charge. Thanks Cap. And thanks to all who took their valuable time to respond. A lot of good advise, it will take some time to let it all sink in. Then I'll break down and do what needs done.
If anybody has been following gun laws in the state of Indiana lately they would know what is going on. We had a Supreme Court decision handed down last week that could mean trouble for gun owners. It depends on which paper you read what it means. But basicly it says you must store all of your guns in a gun safe. My safe will only hold so much. And even if someone knocks down my locked door and steals a gun and commits a crime,robbery,or murder. I am responcible.
So it's time to thin the herd. And if they can get my Ft. Knox out of the house they can have'em
You'v gota kill it to grill it0
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