Legal firearms auctions can be serious moneymaking affairs for people wishing to sell guns
It’s becoming an annual ritual for police stations across Canada: gun amnesty programs targeting seniors and widows.
It’s understandable and often necessary, particularly for elderly female widows whose husbands have passed away, and they’re left wondering what to do about a cache of firearms they discover at home. But here’s the rub: you can’t profit from voluntarily turning over your deceased husband’s firearms collection.
Regardless of your age and living arrangement, if you divest yourself of the firearms in your possession through a police amnesty program, you won’t recoup your family’s investment in them. Even if politicians propose local police forces should include a gun buy-back offer as part of gun amnesty programs, the police are not obliged to do so. And if they did, would you get the full market value of the firearms you wish to sell? Not likely, but if you’re lucky you might get transit fare in exchange for your guns that are worth hundreds of dollars. Depending on what items you’re in possession of, the value of your stockpile could easily run into the thousands.
We live in uncertain economic times. Unless it’s a charitable act, why would you give away any valuable possession for free?
Regarding firearms, you can’t simply give one to a trusted friend or family member even if they hold a valid Possession and Acquisition License (PAL). You are responsible for a lot of paperwork, and there are many steps you are required to take, including:
It doesn’t matter if you have a single firearm or a complete collection to sell. It doesn’t matter how new or old or what make and model the guns are that you have. There is a large and enthusiastic community of hunters, collectors, and athletic shooters in Ontario, across Canada, and in the U.S. via live online auctions who are eager to add to their collections.
Whether you need to appraise firearms for insurance-related purposes or sell them on consignment through an auction, seeking compensation for your or your late spouse’s collection can yield a significant return that’s worth a lot more than a bus ticket or simple thanks.
Do you have a question about the firearms that are in your possession? Get in touch with us by phone, email, or through our online form. Our knowledgeable and courteous staff will be pleased to assist you.
Gordon Siple November 7th, 2016