Hosting a private buyback

A

atlctyslkr

New member
I didn't want to hijack the other buyback thread.

I live in a state where there is no registration or background checks required on face-to-face transfers.

Can I do my own buyback? If so can I resell the good stuff and either pass off the junk to a buyback somewhere else or just turn it in gratis?
 
atlctyslkr, the word "buyback" implies that you owned them at one time. I know what you mean but, please, don't use "their" words.:)

badbob
 
Sorry, I'm just thinking from a business perspective. Nix the term buyback.

It would be nice to buy a $500 gun for $50 and then be able to sell it at a gunshow for $500 give or take.
 
And just what do you plan to do with the potential stolen guns or guns used in a crime that come into your possession? What happens when you resell said gun and somehow it ends up being checked by the police and the current owner fingers you as the previous owner? For example, say a gun sold by you had been stolen, but the guy who buys it ends up pawning it, where upon its numbers get run by the local police and it turns up stolen. The pawnbroker is going to be out the money for the loan. The current owner will be out the gun and potentially in some trouble for a while. Then you will likely be in some trouble for a while especially since you were buying up guns for the purpose of resale, but having no FFL. So how do the cops distinguish between you as an entreprenuer and a street thug who traffics in stolen goods?
 
It could be done but it is not something I would undertake.

If you had an FFL so that you could legaly buy and sell guns. Also you would have to run the serial numbers on the guns you wanted to keep. (Is there such a system?) If they were used in a crime or stolen turn them over to the cops ASAP But before you go through with this advertise profusely in the local media outlets. Then contact your local law enforcement office BEFORE HAND. This way the gun turn-in date, location and everything else is on file with the local LEO and in the newspaper archives. That way if any guns turn up stolen or used in a crime you can show a reasonable amount of proof to a jury that the guns were acquired during a turn-in program and not through illegitimate means. It should also be on file with the LEOs your name. That way when you turn in the gun they can check and see that John Doe hosted a turn in on 01/01/07 and he turned in the gun on 01/02/07. With this only the most liberal police departments would pursue legal action. But I will restate the importance of checking the serial numbers. Once all the illigetimate guns are weeded out of the pile you would be free to keep sell or do what ever. It's too risky for my blood (I've thought of it though) but if your willing to take a risk it would be a good way to add some guns to your collecton. Just remember though if you acquire any nice mil-surp rifles be sure to send them my way.:D

Shotgun Minister
 
Buying guns for the sole purpose of reselling them for a profit could be considered engaging in the business of dealing in firearms. Engaging in the business of dealing in firearms without a license is a very bad thing.
 
One more thing. You'd better be on damn good standing with your local law enforcement or DO NOT EVEN ATTEMPT THIS. My standing with them is shady at best.(long story) I personaly would rather not put myself in such a situation that I would take the risk of finding myslef in that little "Interview Room" again.
 
To do what you describe, you will need to have an FFL, private or not, with what you are planning implies a large number of firearms that you want to purchase. If you did this, and do not have an FFL, bad , very bad juju may happen.
 
Not to mention all the logistics involved in keeping track of s/n's and information accurately. Sounds to me like a lot of work and headaches that would eat up any profits very quickly. Bad idea at best.
 
If I had and FFL-1, and money in the bank to fight legal costs, if necessary. I'd do it. If it's junk, accept it. If it's valuable, accept it. Then check them all for stolen status afterwards. Even if you have to junk or turn over to BATFE all the stolen ones, you'll have a few expensive ones left to cover your expenses, if you do it right. You'll need to name it "buyback", correct or not, to dupe the public into getting excited about it.
 
If I had ten or fifteen thousand that I could consider "play money", I'd love to do my own gun buy-back. I'd pay for a couple cops to do a detail there, and take in anything that came my way. Once the serial numbers were run, I'd keep whatever was worth keeping. Anything that was too much trouble to make servicable would go to the crusher. Anything that worked, but wasn't worth it for me to keep, I'd donate to a charity I'd found: "Guns For The Underpriveledged". Anybody on a fixed income that could pass the background check, but couldn't afford self-protection would get a free gun, and lessons on how to use it safely...
 
Question then...

If there's a gun "buyback" being held by the city, is it perfectly legal for me to pay someone who's going to sell their gun back for $50 anyway? And perhaps offer them a better deal since I'm willing to buy the gun instead of seeing it go to waste? Then would it be okay to say complete that transaction at an FFL?


Epyon
 
Theoretically...

Face-to-face sales of firearms are perfectly legal, and don't have to go through a FFL. Also, as long as there are no local laws against it, there's no limit to the number of guns one person can purchase for his own use.

As far as I know, you only run into trouble if an allegation can be made that you're selling guns for profit without a license.
 
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