How long to leave a firearm for sale on consignment?

[InkEd]

I would simultaneously try to sell it on my own.

 

[Thetaii]

Yup InkEd that's what I'm doing. I have an armslist.com ad, a flier at a local range, the shotgun at the store on consignment, and I'm letting everyone I know about it. Anyone else have other online places I could place an ad?

 

[Bubbles]

Actually as per federal law, a 4473 will NOT be required IF the same person picks it up as dropped it off as its being returned to the owner, exactly the same as dropping of a firearm for work at a gunsmith.

False, it's part of the 1968 Gun Control Act.
http://www.atf.gov/firearms/faq/licensees-conduct-of-business.html#consignment-records

Q: Must a dealer record firearms received on consignment?
Yes. Firearms received for sale on consignment must be entered in the dealer’s “bound book.”

Sales of the firearms are handled in the same manner as other firearm sales. Return of the remaining firearms by the licensee to the consignor is entered in the dealer’s disposition record. An ATF Form 4473 and a NICS check must be completed.

 

[Thetaii]

Well I got a call from the Gun shop today and a guy went to buy my browning after seeing it advertised on armslist.com. I was hoping he would have contacted me personally beforehand, so I could pull the shotgun out to so the sale with a FFL holder. Since this didn't happen the shop will be taking 20% of the $800 I sold it for. Oh well now I know never to sell a firearm on consignment. To be honest I think it was an impulsive move since I was so eager to sell the Browning. On the upside I found a online shop located in North Carolina where I purchased a Smith & Wesson 686 SSR (I couldn't find any at local shops in California and even online stores didn't have them.) I had to pay msrp for the 686 but considering what seems to be a gun/ammo buying/hoarding? frenzy I feel lucky to have found one. Now I'm thinking of selling my little Beretta Tomcat, especially since it's been seriously unreliable with countless jams. Still despite the jams I'm sure a good gunsmith could fix this and the little guy is really accurate for such a small pistol.