Selling to a Pawn Shop in Maryland?

[Biggfoot44]

Boils down to :

Keep it yourself indefinitely.

Sell it to/ thru an FFL ( including pawn shop) , either in Maryland or elsewhere.

Turn in to police requesting destruction.

Move out of Maryland to Free America , and sell conforming to the laws of your new home .

 

[august1410]

As the manager of a pawn shop, I can tell you a little something. You never want to sell to a pawn shop. We are interested in making loans, after all, that's where our business and our money comes from. We would much rather give a loan on something than buy something outright. In the long run, we make more money that way. You can sell something once, but you can pawn something over and over again and as long as you pay the interest, it stays in storage in the shop. We're interested in making money constantly, not acquiring something that can be sold once.

 

[Blaster229]

You know, sometimes people need some money "right now". Not everyone has the leisurely time to sell something outright and haggle with gun value experts.

Take the gun to the pawn shop, know you'll get 50% of MSRP, get your receipt, go about life and not worry about it.

 

[Threeband]

You know, sometimes people need some money "right now". Not everyone has the leisurely time to sell something outright and haggle with gun value experts.

Take the gun to the pawn shop, know you'll get 50% of MSRP, get your receipt, go about life and not worry about it.

Just be aware that if you redeem the gun, that is "buy" it back from the pawn shop, you'll have to go through the whole Form 4473, NICS check, and, for a handgun, the HQL and the 77r.

It might also be said that selling on consignment has its issues too. I think people think that the internal parts of their guns were hewn from sold blocks of gold or something - I've seen some unrealistic consignment prices recently.

Well my guns were made of mithril-metal by the Elves of Rivendell.

 

[august1410]

You know, sometimes people need some money "right now". Not everyone has the leisurely time to sell something outright and haggle with gun value experts.

Take the gun to the pawn shop, know you'll get 50% of MSRP, get your receipt, go about life and not worry about it.

A perfect example of when to take a gun to a pawn shop.

 

[Blaster229]

A perfect example of when to take a gun to a pawn shop.

Ask me how I know lol

 

[JamesDong]

As the manager of a pawn shop, I can tell you a little something. You never want to sell to a pawn shop. We are interested in making loans, after all, that's where our business and our money comes from. We would much rather give a loan on something than buy something outright. In the long run, we make more money that way. You can sell something once, but you can pawn something over and over again and as long as you pay the interest, it stays in storage in the shop. We're interested in making money constantly, not acquiring something that can be sold once.

Makes sense.

 

[Pinecone]

As a practical thing , there are pawnbrokers that are basically a regular gun store that make an occasional pawn , and those that primarily make high interest loans , that sell an occasional gun .

And there are some that make a lot of high interest loans AND sell a good number of guns.

I have bought a number from/through The Bank in Havre de Grace.

 

[Biggfoot44]

Huh . I've never yet seen one that was anywhere close to 50/ 50 . It certainly is theoretically possible . But since forever , I habitually drop into most independent gun selling establishments that I see in my wide ranging travels , I have a large enough personal data base to declare such a thing very uncommon .

 

[Biggfoot44]

Hey Joe , what's up with the pricing of non- gun merchandise in pawn shops ? The tagged price of almost everything is massively overpriced .

Are those serious prices , or is it customary to haggle them down by about half ?

 

[rseymorejr]

Huh . I've never yet seen one that was anywhere close to 50/ 50 . It certainly is theoretically possible . But since forever , I habitually drop into most independent gun selling establishments that I see in my wide ranging travels , I have a large enough personal data base to declare such a thing very uncommon .

There is a pawn shop near where I used to live in Alabama that was probably close to 50/50. You walked in the door and to the left was the jewelry, tools, musical instruments, etcand to the right was the gun counter, new and used. They were great to deal with and had fair prices. I bought my son's first deer rifle from them.

 

[Pinecone]

Huh . I've never yet seen one that was anywhere close to 50/ 50 . It certainly is theoretically possible . But since forever , I habitually drop into most independent gun selling establishments that I see in my wide ranging travels , I have a large enough personal data base to declare such a thing very uncommon .

I did not say it was common.

I said it exists. You said there were only two types. There are three.

I agree that most fit into your two categories.

 

[Pinecone]

There is a pawn shop near where I used to live in Alabama that was probably close to 50/50. You walked in the door and to the left was the jewelry, tools, musical instruments, etcand to the right was the gun counter, new and used. They were great to deal with and had fair prices. I bought my son's first deer rifle from them.

That sounds like The Bank.

When I have been in there, they will have 2 - 3 gun transactions. And 2 - 3 pawn loans. I don't see much non-gun related stuff being sold.

 

[Doctor_M]

I belive that you can still transfer it to a relative (i.e., adult child, patent, sibling, spouse) without going to an FFL... that remains the only carve out for face to face in MD... all other restrictions apply of course.

 

[Doctor_M]

Ok... I think "immediate family member" is defined as a spouse, a parent, a stepparent, a grandparent, a stepgrandparent, an aunt, an uncle, a sibling, a stepsibling, a child, a stepchild, a grandchild, a stepgrandchild, a niece, or a nephew, as related by blood or marriage.

 

[wolf18]

Random question, but thought of this the other day. If selling handgun to a pawn shop, do you have to report it to MSP, or is that done through the resale. I know lost or stolen have to be reported but what about sell to ffl.

 

[rbird7282]

Random question, but thought of this the other day. If selling handgun to a pawn shop, do you have to report it to MSP, or is that done through the resale. I know lost or stolen have to be reported but what about sell to ffl.

No.


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[Jimgoespewpew]

You can no longer sell to an individual in MD. It must go through an FFL. FFL does a nice check. It shouldn’t come back on you.

This. That's the upside of requiring FFL for transfer of long guns now. The liability is on them. Worth the fifty bucks ..

 

[rseymorejr]

This. That's the upside of requiring FFL for transfer of long guns now. The liability is on them. Worth the fifty bucks ..

What liability?

 

[Jimgoespewpew]

What liability?

I shouldn't have to type this because it's so obvious. For performing background check on purchaser, completing the appropriate paperwork, possibly safely storing the gun until the seven day waiting period has expired, etc etc.