Gun sale question

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  • 223 Gunner

    Master
    Rating - 100%
    201   0   0
    Jan 7, 2009
    4,415
    47
    Red Sector A
    I should add, run of the mill new production guns (as in guns that are still being made) local sales will be better than gunbroker.
    I would only gunbroker older desirable firearms. Like old Winchesters or Smith revolvers (although on here the Smiths will sell eventually)
    Like others, we're all curious as to what you are willing to sell.
    Don't post it/them in this thread. It would look like you're trying to circumvent the forum rules.
     

    Route 45

    Grandmaster
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    93   0   0
    Dec 5, 2015
    15,086
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    Indy
    Yeah, I joined the group 10 years ago when my father passed and I inherited his collection. Now my brother just passed and I got his as well. Over 100 guns. Not complaining, it’s a good problem to have!
    If you want to get closer to full value on them, and are not in a hurry, I'd get site supporter status on INGO for $20 and list them a few at a time.

    If you want to move them all at once, but not in a hurry to sell, most gun shops will sell them for you on consignment. In my experience the fee is around 15% of your asking price. This might be a little closer to full value as well, as people will buy for a higher price at a gun shop sometimes because they take credit cards. Especially if the guns are older sought-after models.

    The quickest way to turn them into cash is to sell them all at once to a gun shop, but you're going to get a reduced return in comparison to selling them one at a time through the classifieds or consignment. Maybe 60% of value or so, depending on model. But quick cash vs the hassle of selling individually.

    Gunbroker is a good way to sell if you have very unique/sought-after guns like original Pythons, old lever actions, etc. But I wouldn't mess with the hassle of Gunbroker for commonly available guns like recent production stuff.
     

    Dholcomb

    Plinker
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    1   0   0
    Dec 14, 2022
    119
    43
    Indiana
    A very close family friend just went through a similar experience. He made a deal with our local gun shop for a percentage of the sales (Trigger Outdoors in Winchester, IN). The shop sold them all in auctions, in store, etc. I know he was extremely happy with the process and ended up getting more money than he thought he could have on his own even after paying the shop their percentage.
     

    Squirt239

    Expert
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    11   0   0
    Jun 7, 2010
    1,093
    113
    North of Brownsburg
    Figure this group would be a good resource for this question.
    I recently came into many firearms. Shotguns, rifles, muzzles and pistols. Pretty much a cache of guns. What would be the best way to sell several guns?
    If you're interested, you can bring them over to my shop. I'll go through them and give you an idea.

    I won't charge, just make sure you support this site with a donation.
     

    Mij

    Permaplinker (thanks to Expat)
    Site Supporter
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    1   0   0
    May 22, 2022
    6,206
    113
    In the corn and beans
    If you're interested, you can bring them over to my shop. I'll go through them and give you an idea.

    I won't charge, just make sure you support this site with a donation.
    100+ guns, wouldn’t that be a hoot. I’m only thinking one trooper or other cop that’s having a bad day, pulls him over. Man o man, I could only imagine the look on that guy’s face. :lmfao:
     

    Nugget

    Milsurp Enjoyer
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    8   0   0
    Jul 30, 2022
    632
    93
    Morgan County
    Yeah, I joined the group 10 years ago when my father passed and I inherited his collection. Now my brother just passed and I got his as well. Over 100 guns. Not complaining, it’s a good problem to have!
    With a collection that big to sell, your best bet might be to grab a table at a local gun show. Review sale prices online (here, gunbroker, etc) and asking prices online or at your local gun stores. If you price things reasonably you'll probably unload most of what you want to in a single weekend. Guys would see it as a breath of fresh air when they stumbled on a table of new/different merchandise at reasonable prices.
     

    GourdOnTheDoor

    Plinker
    Rating - 0%
    0   0   0
    Mar 17, 2022
    52
    18
    Noblesville
    100+ guns, wouldn’t that be a hoot. I’m only thinking one trooper or other cop that’s having a bad day, pulls him over. Man o man, I could only imagine the look on that guy’s face. :lmfao:
    Better hope he appreciates a good tackleberry haha i'd love to go through and take a look at such a collection:bacondance:
     

    Cameramonkey

    www.thechosen.tv
    Staff member
    Moderator
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    Rating - 100%
    35   0   0
    May 12, 2013
    31,948
    77
    Camby area
    With a collection that big to sell, your best bet might be to grab a table at a local gun show. Review sale prices online (here, gunbroker, etc) and asking prices online or at your local gun stores. If you price things reasonably you'll probably unload most of what you want to in a single weekend. Guys would see it as a breath of fresh air when they stumbled on a table of new/different merchandise at reasonable prices.
    If you do that and want to take plastic, review the user agreement with the card processor carefully before you commit.

    Some of these small scale processors that use a device that plugs into your smartphone are very anti gun. I believe Square is. You could end up losing a big chunk of change if they are anti gun and they find out you are selling guns. Things like reversing charges*, closing your account, possibly keeping your money, etc are all possibilities.

    Paypal did that to folks a while back. If they discovered you were dealing in anything to do with firearms they would lock your account and hold your money for MONTHS. And in some cases attempted to keep it all.

    *your buyer ends up with your gun AND their money back in the account
     
    • Angry
    Reactions: Mij

    Purdue1991

    Plinker
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    2   0   0
    Aug 19, 2022
    130
    28
    47575
    If you don't want to deal with the sales themselves and are OK with paying fees:
    1) Gun auction with a licensed auctioneer.
    2) Consignment at a local gun shop

    If you don't mind dealing with the sale and want top dollar:
    1) Gunbroker each item
    2) List and sell each on INGO
     

    BE Mike

    Grandmaster
    Site Supporter
    Rating - 100%
    18   0   0
    Jul 23, 2008
    7,555
    113
    New Albany
    To me, it looks like used guns aren't moving as fast as they used to. It appears that inflation has taken its tole. I have worked in a gun shop for a few years, but not lately. I would suggest the best way to sell them is on consignment in a gun shop that you completely trust. That way, there isn't a lot of stress and you'll get a reasonable amount for each gun. I don't know what fees an auction house charges, but it seems like guns get top dollar at auctions. Good luck and my sympathy for you loses.
     

    medcoxo

    Sharpshooter
    Rating - 100%
    4   0   0
    Jul 20, 2010
    383
    18
    Indy, Westside
    100+ guns, wouldn’t that be a hoot. I’m only thinking one trooper or other cop that’s having a bad day, pulls him over. Man o man, I could only imagine the look on that guy’s face. :lmfao:
    This reminds me of the CHIPS, clip where Ponce and John stopped a guy, and he talked about his 'shower gun'..
     
    • Haha
    Reactions: Mij

    Ark

    Grandmaster
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    25   0   0
    Feb 18, 2017
    6,818
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    Indy
    Really depends on your budget for time and effort. Listing and selling individually gets best price but takes the longest. Dumping the batch at an auction house takes no effort but gets a lower cut.

    GunBroker sold listings and Wikiarms are good ways to get an estimate on value. Pricing is a sliding scale, cheaper goes faster. It's also subject to demand.
     

    Cameramonkey

    www.thechosen.tv
    Staff member
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    35   0   0
    May 12, 2013
    31,948
    77
    Camby area
    Also assume stock value when pricing any modified/accessorized weapons. You're not going to get the full value of the gun as-is because you're also going to need to luck out and find someone who just happens to have the exact same taste as the prior owner.

    Not everybody likes an AR with a Primary Arms red dot, AND an upgraded Magpul whatzit, AND a Sonic Pig loudener. In some cases, you may need to remove most accessories and sell them separately to move the gun AND get a reasonable price out of all of them.
     

    SnoopLoggyDog

    I'm a Citizen, not a subject
    Site Supporter
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    63   0   0
    Feb 16, 2009
    6,257
    113
    Warsaw
    Yeah, I joined the group 10 years ago when my father passed and I inherited his collection. Now my brother just passed and I got his as well. Over 100 guns. Not complaining, it’s a good problem to have!
    I feel for you. After my Dad died, I had to sell off most of his collection to pay the back taxes and mountain of debt that he had hidden.

    I've helped several widows sell off their husbands collections over the years. I look up prices on INGO, Gunbroker, and other sites. I also see what the trends are at gunshows and local dealers.

    Go through the collection and pick out what you want to keep. Then see if any family members have any desire for a particular firearm. Then, pay to be a site supporter here on INGO and post the rest in the classifeds.
     
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