WI:Racine Gun Turn In: 10% of guns at "buy back" were Purchased for the Event


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Dean Weingarten
July 31, 2013, 12:06 PM
http://i.imgur.com/dCCTEPB.jpg
Image from Phoenix Turn in Event


Correction: Cash was offered at the event, not gift cards.

Update: Comments sent to me by a source who was at the turn in event in Racine on Saturday the 27th, said that one person had purchased 7 BB guns new at Walmart to turn in at the event. Only 77 guns were turned in altogether.

The source says that the BB guns were purchased for $120 and turned in for $350.

It appears that the event organizers are learning something about market economics. More resources offered for a product stimulate demand. Reducing supply at one source is likely to increase demand at remaining sources.

If you remove some used guns from the market, you are, in aggregate, increasing demand for new guns. I wonder if gun manufacturers approve of gun turn in events, as they clearly increase the demand for new guns.

Other sources noted that the police officers at the event were polite and courteous to the private buyers who were present.

As noted in the original article (http://gunwatch.blogspot.com/2013/07/wiracine-gun-turn-in-buy-backa-bust.html), $2,500 was still available at the end of the event.

2013 by Dean Weingarten: Permission to share is granted when this notice is included.

http://gunwatch.blogspot.com/

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ATLDave
July 31, 2013, 12:17 PM
At the very least, gun buy-back events seem to set a lower limit on the depreciation of firearms. Provided you live in or within traveling distance of a place that does them, you know you can ALWAYS get back $200-$350 for something. Makes buying a $300 used gun a very low risk proposition.

Willie Sutton
July 31, 2013, 12:30 PM
What a harvest: Crossman pellet pistol, Daisy bb rifle, etc... I'm sorry I'm on deployment in the Mojave right now, Racine is about fifteen minutes from my house. Next time... Walmart here I come! And then there are the half dozen broken H&R break-top .32's laying about in a shoebox someplace...


Willie


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yzguy87
July 31, 2013, 12:35 PM
That's an awesome idea! Id go buy a bunch of bb guns and resell them to gun grabbers too and at an inflated price! That guy must be pro 2a!

Fryerpower
July 31, 2013, 12:40 PM
$350! I've got a ring of fire gun I would gladly see go away for $350!

Jim

Dean Weingarten
July 31, 2013, 01:21 PM
There only gave out $50 cash for BB guns. It was $350 for 7 BB guns.

Arkansas Paul
July 31, 2013, 02:44 PM
Wow. Maybe I should buy all those $5 yard sale BB guns and turn them. :)

Leanwolf
July 31, 2013, 02:53 PM
"Buy back???"

How can the anti-Constitution bliss ninnies "buy back" something they never owned?

If they were not hypocrites (as usual), they'd advertise "We're in the gun business. We buy used guns."

Never happen though. Their misinformation will continue.

L.W.

vtail
July 31, 2013, 10:46 PM
I wonder if I could buy some Pop Tarts and chew them into gun shapes and turn those in??

Would one flavor be worth more than another? :confused:

Wishoot
August 1, 2013, 08:04 AM
I know of a couple of guys that made off like bandits at this buy-back. They took every POS non-working air rifle or pistol to this event. Wish I could of made it down there myself.

foghornl
August 1, 2013, 08:46 AM
I did that several years ago...

Bought the Daisy "Red Ryders" for $20, turned them in for $25. Made enough to buy a box of .357 Ammo before the promoters caught on.

Hanzo581
August 1, 2013, 08:52 AM
Can't get to the site at work, was it really $350 cash for each gun turned in??? That seems really high...never seen any over $100.

(I see the BB guns were $50 each)

rduchateau2954
August 1, 2013, 09:58 AM
Huh, I didn't even know there was one in the state. Could have went parking lot shopping.

Madcap_Magician
August 1, 2013, 10:40 AM
For a moment my heart stopped, until I read the clarification that the $350 was for ALL seven BB guns, and not each.

I have a hard time believing that even someone dumb enough to run a gun buyback would pay $350 for a BB gun that can be bought for $30 new.

Wishoot
August 1, 2013, 10:44 AM
Believe it. Still plenty of ultra-left morons left in Wisconsin.

Speedo66
August 1, 2013, 12:47 PM
Can't get to the site at work, was it really $350 cash for each gun turned in??? That seems really high...never seen any over $100.

(I see the BB guns were $50 each)
They were paying $200 for pistols, $100 for rifles, and $20 for air guns in Brooklyn a couple of years ago.

I turned in enough broken and rusted guns to buy myself a new Kel-Tec Sub2K, and a new Mossberg 500 for my son.

I'm a big fan of "buybacks". :rolleyes:

Dean Weingarten
August 2, 2013, 11:20 AM
I try to publish all that I find at Gun Watch (http://gunwatch.blogspot.com/). I overlook those in the few states that have outlawed private sales.

The Racine event was posted here on THG, as I recall.

RP88
August 2, 2013, 03:21 PM
I kinda want to go through gunbroker and buy every broken $50-100 gun I can find and just save them up and make a killing one day.

Maybe a crate of bulk-discounted mosins...

I could walk up and just take an offer for the whole box.

Dean Weingarten
August 3, 2013, 10:23 AM
I have corresponded with a fellow who did that in New York. He goes (went, with the new law) to garage sales and buys old junk to be turned in. He did pretty well at it.

JonathanE
August 4, 2013, 01:14 AM
Maybe I'm a sentimental sap, but the thought of even those cheap air rifles being chopped up makes me a bit sad! Some of the best days of my youth were spent with that Daisy 880. "No more than 10 pumps!", said my Dad.

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