Selling Guns The Right Way
There are several things to consider when selecting a professional auction company to sell firearms. This can be better illustrated by the questions below, which will help identify why and what some of the differences are.
Yes, we have been federally licensed for many years. We are also knowledgeable in the use and safety of firearms, including handling and proper storage. This also includes the safe management of firearms during an auction and any previews before their sale.
As licensed dealers, we ensure that all local, state, and federal laws are followed for the transfer of firearms. Additionally, we provide the necessary record-keeping documenting the transfer from you and your family to the new buyer, should you ever need it.
Our license can be verified online, FFLeZCheck using 4-61-03230, or through any local ATF office. For your convenience, the Bureau of Alcohol, Tobacco, Firearms, and Explosives is located at 600 Dr Martin Luther King Jr Pl. #322, Louisville, KY 40202. Phone: (502)753-3400
Before we give any buyer a gun, the gun must first be transferred to the buyer. To ensure compliance, a NICS check or (FBI) background check is conducted to ensure the buyer is eligible to own a gun. Some unlicensed auctioneers will ignore potential criminal history and pass out guns to the highest bidder. Similarly, certain online auctions are considered a loophole to some, arguing they don’t need a license. We find this highly unprofessional and unacceptable.
As licensed dealers, we have the proper training and skills to assess buyers bidding on firearms. We take note of buyers who act suspiciously or in a way that causes us to believe they might intentionally harm themselves or others. This kind of practice cannot be fulfilled when firearms are just distributed to the highest bidder. Some auctioneers bypass having a license by collaborating with someone who does have a license when it suits the situation. However, this can negatively affect the buyer because the dealer their working with charges a fairly substantial fee to transfer each firearm.
The transfer fee is usually between $35 and $45, and even higher in some cases. This has to be disclosed to the buyer, and when it’s revealed, the buyer will bid far lower. Let’s say you have a lower value gun that would normally sell for $150 at auction, but ends up bringing $110 because of this transfer fee imposed. This is a $40 loss to the seller, and that’s only one gun. The company doing the transfers is making a killing off this, not to mention any kickback paid back to the referring auctioneer/company.
At Auctions ASAP, we don’t charge any additional transfer fees for local buyers, thus helping the seller maximize their return.
Knowing what you’re selling is half the battle. We see the unique value in firearms and have a passion for them, rather than just seeing them as an asset.
Auctions ASAP has a track record of highly successful firearms auctions. Selling firearms with an online auction is something that we always recommend starting with. Contact us for a more in-depth explanation of this process. We are committed to maximizing your returns, as your success also reflects ours. The more money we make for you, the more money we make for ourselves while doing it responsibly.