Glock from a pawn shop?

[hghclsswhitetrsh]

So we all know pawn shops are in business o make money. Now that we got that outta the way... I found a glock 22 gen 2 for sale at one. It has no plastic, 1 mag lots of holster wear, etc. his tag says $425, I asked what his bottom dollar was and he said 400. So question is, what do you think he paid for it from the poor sucker that sold or pawned it?

[kwando]

Prob $200-$275

[00tec]

Prob $200-$275

I'd say in the $200 neighborhood.

[DFBrews]

Prob $200-$275

Yup.

The sti mini 1911 I am trying to sell when i asked at various pawn shops and gun stores alike they offered me basically 50% of asking price as the most they could do.

[hghclsswhitetrsh]

So I should offer him 300?

[cysoto]

So question is, what do you think he paid for it from the poor sucker that sold or pawned it?

In the shop that I work at we deal with a lot of consigned firearms. We tell the firearm owner what do we believe is the fair market value of the gun and we both agree on what the sale price should be. I hate haggling so we always advertise it (and sell it) at its lowest price. After the gun sells, we keep a 15% commission and the gun owner gets the rest.

There are times when the gun owner needs money immediately in which case we may be able to offer to purchase the gun from him/her. In those cases, we offer 50% of the fair market value of the gun.

From talking with some of our customers, I have learned that most pawn shops offer 35% to 40% of the pistol's Blue Book Value. Since the BB does not offer a price structure based on the gun's generation, it is not uncommon for them to low ball their estimate. A Gen 2 Glock 22 with significant holster wear may be appraised at 90% (or lower) for a BB value of ~$365 in which case they will most probably offer the seller about $150.

If the gun has been sitting in their case for over two weeks, I am certain that will happily take $365 to $375 for it. If it's only been there for less than a week, I am willing to bet that they might be more inclined to stay at $400. On the other hand, if the gun has been there for more than three weeks, you might be able to snag it for somewhere in the neighborhood of $325 to $350.

IMO, $300 sounds kinda low but, then again, it never hurts to ask!

[Great-Kazoo]

If they say no and fixed at $400 counter with Ok $400 OTD, you guys eat the tax.

[Gcompact30]

Yep about 200 or less....

[funkymonkey1111]

If they say no and fixed at $400 counter with Ok $400 OTD, you guys eat the tax.

if you're in a GSSF member, a brand new, Gen3 or Gen4 is $425

[Gunner]

Not to mention they pop up here for that price new condition. I would pass

[whitbaby]

Just a minor hijack here...

Are pawn shops required to run a background check like a regular dealer?

[DEAGLER]

Just a minor hijack here...

Are pawn shops required to run a background check like a regular dealer?

Yes.

[patrick0685]

Just a minor hijack here...

Are pawn shops required to run a background check like a regular dealer?


Yes.

in the eyes of the government they are just a regular dealer

[asmo]

Based on all my knowledge from watching pawn brokers on TV -- I'm sure he payed like $50 bucks for it. But he probably had to call in an expert to asses its value - I'm sure the expert said it was worth several thousand dollars.

TeeVee makes m3 smaht.


(Yes I know the thread was old)

[DEAGLER]

I guess these people that sell their guns to pawn shops need a quick buck.

[BPTactical]

A "Pawnbroker" that is also a FFL is licensed as an 02 type license whereas your average FFL is an 01.
There are some nuances to the 02 it basically allows them to take a firearm as collateral where a 01 cannot.
All other functions such as selling, transfers etc are essentially the same IIRC.