February 20, 2020 - Guns & Other Firearms
Pawning a gun can be tricky.
A gun is, after all, a fair bit different from most other commonly pawned items. You can’t as easily injure or kill someone with an antique ring, and there isn’t a lot of stopping power in a coin collection.
Guns are highly-dangerous weapons whose sale is controlled by the federal government. That said if you know and are willing to follow the rules, pawning a gun can be a smooth and lucrative transaction.
Unsure of what to expect when it comes to pawning your firearm?
Here are the answers to four of the most frequently asked questions about pawning guns to help you prepare yourself for the process.
There is no straight answer for this one as it depends on the kind of gun you’re trying to pawn.
Newer guns tend to be worth more than older models. And, rare and antique guns are generally worth more than modern mass-produced firearms.
That said, you likely won’t get as much from a pawn shop as you would if you sold your gun on the regular market.
Sure, you’ll get your cash fast, but shouldn’t expect to get anything close to the full value of the gun no matter how new, rare, or precious it is.
Assuming you are the person who pawned the gun in the first place, reclaiming a pawned gun can be pretty easy. You can go in an reclaim your firearm whether you’re a resident of the same state as the pawnbroker or not.
If you are not the person who pawned the gun but are the current holder of the pawn ticket there are a few stipulations to reclaiming a pawned firearm. These conditions include being of age and legally able to buy a gun.
As with every other gun-related transaction, your gun must be completely unloaded before bringing it to the pawn shop.
You also must bring your gun to the pawn shop in a secure and locked gun case. You can’t carry it in via holster.
You must also make sure you bring your gun license and all the gun’s paperwork — including its registration– with you when you try to pawn it.
A pawnbroker cannot under any circumstances accept a gun that is not registered to the person who is trying to pawn it. There is no way for them to know whether the firearm had been obtained illegally through either theft or unlawful sale.
If you’d like to pawn a gun that was gifted to you, you must make sure that gun is not still registered to the former owner.
If you’ve been considering pawning a gun, remember to think of it as being like any other gun sale. The same rules still apply.
Looking for more information about pawning anything from guns to guitars? Or maybe you’re ready to pawn something, or are a pawnbroker looking to attract new clients.
Whatever the case may be we can help. We have information about the ins and outs of pawnshops, as well as resources to help you pawn your items. Visit us today and we’ll help you get started.
David Stiebel is one of the cofounders of PawnGuru. David was educated at MIT, where he studied Math. He subsequently worked at Bain as a data scientist before starting PawnGuru in 2015. He started PawnGuru to build a better tool for pawn shops and consumers to connect.More Articles