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Most profitable and responsible manner to sell gun collection (1 Viewer)

D

Ditkaless Wonders

Footballguy
I solicit your thoughts. I have numerous weapons accumulated over a lifetime and inherited from other lifetimes. I will not be passing any of them on to my heirs, they have no interest in such things. How should I divest myself of what I have.I would like top dollar, but feel responsible transfer is an obligation as well.

 
Depends on your goals and the types of weapons. We've spoken a bit about this offline and I'm aware a measurable portion of your arsenal are collectors/historical pieces that fetch a completely different type of buyer than your average Remington 870 or Glock pistol. For that reason I would consider breaking them up into "commodity" type firearms and "collectible" firearms.

Are you okay with the "hassle" of online sales / shipping?

Regarding responsible transfer... if you wanted to go this route, I would suggest simply utilizing the existing system, requiring a FFL transfer for all firearms sales. That will reduce your buyer pool a bit and decrease your value as folks will factor in the cost of the transfer/background check into the total price.

Id try to deal locally or online (hi!) with known-good folks for as much as possible, initially.

Handguns across state lines require FFL, even with face to face transfer. (self-enforcement)
Long Guns can be transferred out of state via face to face without FFL.
Both can be transferred in state face to face without FFL.

 
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Colorado.

My options, it seems, would include private sale, private sale at a gun show, sale to a licensed collector or dealer of the collection in its entirety, or sale to licensed dealers one weapon at a time. Two of the items would have to go through a person with a federal firearms license, without question.

Oh, there is also a bulletin board in the police department. Seems like an active market there for sale or trade. Trades do not always involve weapons for weapons. I have seen cars, boats, motorcycles and whatnot go in trade from time to time.

 
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Cops make good sense for some of my handguns as the magazines they come with are universally lawful for cops, but are, in some states, becoming problematic to own without documentation they were at one time lawfully acquired.

 
Give them to me and I'll earn you a tidy sum. I have this friend, you see, who runs an import business down in Mexico, 'round Juarez I believe, which requires a certain level of protection. He'll gladly pay a fair amount on any and all weapons and he pays cash so you don't even need to report the income if that is how you wish to go. One thing though, he's kind of a recluse from Johnny Law so I'd need to be the one who consummates the deal as he doesn't do face to face with just anyone.

Say the word and I'll make things happen.

 
For kicks, hosting a table at a large gun show would provide a great opportunity to sell. I would register on the FBI NICS E-Check system and then use your phone/laptop/tablet at the show to run BG checks on any potential buyers.

Do some research up front (gunbroker.com, etc) to get a ballpark value for your stuff. Mark it clearly and be prepared for folks to negotiate heavily. Odds are you will have a dealer come buy and try to buy some/all of your collection before the show even starts.

If you can bring someone else with you who is knowledgable and can "shop" the room a bit to find comparable guns and see how you're priced in comparison, that helps.

I had a table once to sell a few thousand rounds of 9mm/5.56 and some AR lowers during the panic a few years back. Was a good time and a fun learning experience.

Once you get your list together, I'd genuinely like to look it over. I have a couple buddies locally (good guys, military) who might be interested as well. Would have no issue with legal FFL transfer.

 
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dutch said:
Give them to me and I'll earn you a tidy sum. I have this friend, you see, who runs an import business down in Mexico, 'round Juarez I believe, which requires a certain level of protection. He'll gladly pay a fair amount on any and all weapons and he pays cash so you don't even need to report the income if that is how you wish to go. One thing though, he's kind of a recluse from Johnny Law so I'd need to be the one who consummates the deal as he doesn't do face to face with just anyone.

Say the word and I'll make things happen.
Click to expand...
A kind offer indeed. I believe, however, that I will pursue other avenues. Still, my thanks to you and El Chapo, ..., I mean your friend.

 
" post="18868896" timestamp="1455291495"]For kicks, hosting a table at a large gun show would provide a great opportunity to sell. I would register on the FBI NICS E-Check system and then use your phone/laptop/tablet at the show to run BG checks on any potential buyers.

Do some research up front (gunbroker.com, etc) to get a ballpark value for your stuff. Mark it clearly and be prepared for folks to negotiate heavily. Odds are you will have a dealer come buy and try to buy some/all of your collection before the show even starts.

If you can bring someone else with you who is knowledgable and can "shop" the room a bit to find comparable guns and see how you're priced in comparison, that helps.

I had a table once to sell a few thousand rounds of 9mm/5.56 and some AR lowers during the panic a few years back. Was a good time and a fun learning experience.

Once you get your list together, I'd genuinely like to look it over. I have a couple buddies locally (good guys, military) who might be interested as well. Would have no issue with legal FFL transfer.

The Tanner gun show swings through here maybe 4 to 6 times a year. I wonder what their cost is for a table.
Click to expand...
 
Maybe Michael Bloomberg would purchase them, lock, stock, and barrel to get them out of circulation.

Back in the 80's there was a pricing guide for gun valuation which I occasionally made reference to. I no longer remember the name of that publication. What is the standard today?

 
I looked it up. It would be $80 to get a table at the Tanner gun show. I would have thought it would have been more.

I don't think that route is for me.

 
Ditkaless Wonders said:
I looked it up. It would be $80 to get a table at the Tanner gun show. I would have thought it would have been more.

I don't think that route is for me.
Click to expand...
It's surprisingly fun. Have good idea on your values and what you'll take for each. It's a bit of a hassle to lug all your stuff in and out but You'll get a chance to move a lot of it. Just be sure to use FBI NICS system to check guys out for transactions. Good chance a dealer buys you fully/partially out before the show even starts.

 
" post="18869480" timestamp="1455299548"]
Ditkaless Wonders said:
I looked it up. It would be $80 to get a table at the Tanner gun show. I would have thought it would have been more.

I don't think that route is for me.
Click to expand...
It's surprisingly fun. Have good idea on your values and what you'll take for each. It's a bit of a hassle to lug all your stuff in and out but You'll get a chance to move a lot of it. Just be sure to use FBI NICS system to check guys out for transactions. Good chance a dealer buys you fully/partially out before the show even starts.

I think I'll float a few queries around the Department. Some of the guys have close connections with Dealers in town. Who knows, maybe I can unload my safes and ammo stock pile too.
Click to expand...
 
Ditkaless Wonders said:
Maybe Michael Bloomberg would purchase them, lock, stock, and barrel to get them out of circulation.

Back in the 80's there was a pricing guide for gun valuation which I occasionally made reference to. I no longer remember the name of that publication. What is the standard today?
Click to expand...
Mail them to Beckett. They'll grade them for you.

 
Apparently there is a high demand for handguns in South Side Chicago middle schools. Students, teachers, and administrators are paying top dollar for a piece.

 
Ditkaless Wonders said:
I solicit your thoughts. I have numerous weapons accumulated over a lifetime and inherited from other lifetimes. I will not be passing any of them on to my heirs, they have no interest in such things. How should I divest myself of what I have.I would like top dollar, but feel responsible transfer is an obligation as well.
Click to expand...
Use a local gun broker that owns a store. Find one you like and pay him a commission for the sales.

 
When my father-in-law passed away, we used an auction house to sell a bunch of his stuff, including about 50 guns. The auction house had a firearm dealer's license (or whatever it's called), which required it to follow all legal requirements in terms of transferring ownership. They marketed the auction in all the appropriate circulars, and then held an auction for the gun collection. This saved us from the headache of having to research value for every gun and determine pricing (though we had a general idea of how much they'd go for). Properly marketed auctions will help drive sales and set appropriate pricing, and the auction house is incentivized to get as many buyers there as possible. And it's over all at once. Their fee was 20%.

 
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One of the Captains over at the Department is interested. He has the correct license to acquire everything I want to sell. He wants to handle this basically on consignment. I'll have to think about that.

 
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