Selling the herd, consignment?

[2ndMDRebel]

I have about 20+ firearms to sell and don't want to hassle with running to the dealer or barracks with each one. Could I get a quick education on how consignment works?

Mostly some milsurp, couple old ,22s(nothing collector), and shotguns.

 

[AssMan]

Following. I have at least a dozen I'd like to sell as well.

 

[eruby]

Pretty sure your local (whatever) dealer signs them into his A&D logbook, and both settle on percentage of sales

He/She sells them and you get your cut

 

[Garet Jax]

Last I did it, you tell the dealer the price you're willing to sell it and discuss the percentage the store will take. I expect the more guns you give them, the more you may be able to negotiate their take.

 

[joppaj]

Worth shopping around. Some dealers take a larger percent than others. Some dealers will actively market your stuff, others won't.

 

[MacGuns]

I recently completed selling most of my Milsurps. If you are primarily selling C&R then Brian at South Carroll Sporting Goods is your guy for C&R items.

South Carroll Sporting Goods

Woodbine, MD

www.mdshooters.com

 

[Biggfoot44]

Worth shopping around. Some dealers take a larger percent than others. Some dealers will actively market your stuff, others won't.

And some have a reputation / steady clientele for particular flavors of firearms , and can move them quickly .

******************

OP , where do you live / willing to travel for this consignment ? I might have a sugguestion for a good fit , in SoMd .

 

[erwos]

Pretty sure your local (whatever) dealer signs them into his A&D logbook, and both settle on percentage of sales

He/She sells them and you get your cut

This. The other thing I would recommend is not just taking the dealer's price recommendation at face value. There have definitely been times where I felt like I knew better and I was right. They are going to be motivated to move things faster since they're only getting 10-20% of the cut, which means cheaper. Sort of the same thing as realtors.

 

[Biggfoot44]

And Dealers will have horror stories about consignment guns gathering dust , with seller set unrealistic prices too .

You're paying for the dealers knowledge , and reputation for fair dealing .

 

[erwos]

And Dealers will have horror stories about consignment guns gathering dust , with seller set unrealistic prices too .

You're paying for the dealers knowledge , and reputation for fair dealing .

Fair dealing and knowledge doesn't mean "never wrong". Again: their incentives are not 100% aligned with yours, and they will bias pricing accordingly. Behaving as if this is not the case makes no sense.

 

[mauser58]

About three years ago I sold a few batches of various shotguns, 22 cal rifles and a few military rifles. Their consignment is completely different then the ones above. They asked me what I wanted for each individual ones and I told them. After leaving he would clean and catalogue and the add his price to mine. It was not a percentage but like, $50. $80, $150, $200 or whatever. Thing is they sold every one and quick

 

[Bertfish]

You don't need to run to MSP a bunch if you say the transfer needs to be done at an FFL. They hold the gun during the 7 day wait. Tyler Firearms is my go to as they're super cheap

 

[Mike OTDP]

For MILSURP? I'd put them on GunBroker, if you have an account and a track record.

 

[John from MD]

For MILSURP? I'd put them on GunBroker, if you have an account and a track record.

This usually gets you more money as it is a larger market.

 

[Bertfish]

This usually gets you more money as it is a larger market.

And if you sell enough they 1099 you or whatever it's called and you get to pay taxes on it

Shipping handguns is a pain too. Another consideration.

 

[John from MD]

And if you sell enough they 1099 you or whatever it's called and you get to pay taxes on it

Shipping handguns is a pain too. Another consideration.

I forgot about the taxes. That wasn't around when I was selling.

 

[outrider58]

About three years ago I sold a few batches of various shotguns, 22 cal rifles and a few military rifles. Their consignment is completely different then the ones above. They asked me what I wanted for each individual ones and I told them. After leaving he would clean and catalogue and the add his price to mine. It was not a percentage but like, $50. $80, $150, $200 or whatever. Thing is they sold every one and quick

That sounds ideal. As long as you have reasonable expectations and the dealer knows what he is hold in his hands, I wouldn't care what the dealer makes on the deal. As long as the gun sells, everyone is happy.

 

[Biggfoot44]

About three years ago I sold a few batches of various shotguns, 22 cal rifles and a few military rifles. Their consignment is completely different then the ones above. They asked me what I wanted for each individual ones and I told them. After leaving he would clean and catalogue and the add his price to mine. It was not a percentage but like, $50. $80, $150, $200 or whatever. Thing is they sold every one and quick

That is a thing also , but much less common .

No disrespect to your FFL , but this method is potentially a lot sketchier .

 

[eruby]

Did you own them before October 1 1996, or October 1 a few years ago?

 

[outrider58]

Did you own them before October 1 1996, or October 1 a few years ago?

Always...