February 20, 2020 - Antiques, Art and Collectibles
Trading guns can be done at most shops that hold a Federal Firearm License (FFL.)
Antique guns, however, require a certain amount of knowledge. This makes traditional gun shops less willing to make a great deal.
The reasoning behind this could be the fact they’re not familiar with what they’re dealing with. It is also partially because their customer base isn’t in the market for guns that aren’t meant to be fired.
This doesn’t mean you can’t sell or trade this gun, you just should look at pawning your gun for the best deal. We’ve compiled a few tips on pawning antique guns, keep reading for more information!
There are endless brands and types of guns on the market. You should, however, be somewhat familiar with what you’re pawning.
The two basic types are muzzleloader and cartridge-firing. From there, you have handguns and long guns. Handguns can be broken down into revolvers and pistols and long guns consist of rifles and shotguns.
Different firearms shoot various types of bullets. These bullets are measured in calibers, millimeters, and gauges for shotguns.
It is also helpful to know the manufacturer of the gun, which can tell you a lot about its history.
Although this may seem silly to know, it is actually quite helpful when searching out a pawnshop to make a trade or buy your gun. Having the knowledge may net you more money.
There are two main ways a pawnshop will determine antique gun values. The first is the NRA (National Rifle Association) Condition Standards and the second is the Percentage System.
It is helpful to have an idea of how your gun ranks on both systems to have an idea of what price to ask.
Knowing that a gun you’re pawning has a great history is great, but it has to be proven. If you have documentation, be sure to include it when you’re to pawn your firearm.
Another key to getting the price you want is knowing how rare this weapon is. An antique firearm that is widely circulated on the market isn’t going to bring the same value as something far rarer.
Finally, the aesthetic appeal of any firearm is important. This isn’t applicable just to antiques. Any gun collector will want something that catches the eye in their collection.
If you haven’t picked up on the key to pawning antique guns, it’s this: learn a little about the weapon you’re pawning, trading, or selling.
Having a bit of knowledge allows you to bargain better. You might not get the exact price you want, but it should be in the same ballpark.
Sometimes, the price you’re told at one shop will be different at the next. Check at several stores, especially if you’re hearing completely different ranges.
If you’d like more information on pawning guns, you should check out our blog.
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