Collectors Find Rare Weapons at Gun Buyback Programs
Arbitrage!
Even with an idea as dim as "gun buyback" schemes, the market shines through.
From Fox News:
When Schuyler Taylor attended a gun buyback program in Seattle last year, he wasn't hoping to turn in an unwanted firearm for a $50 gift card. He was looking to pay cold cash for a rare weapon.
Taylor, a 24-year-old gun enthusiast, is one of a growing number of collectors who has been showing up at the events, where towns, police departments, churches and nonprofits offer money or gift cards for old guns. The events have been held all over the country, credited by some for getting weapons off the streets and ridiculed by others for paying money for rusting junk. But collectors have taken notice that some of the guns, which are typically destroyed, are worth far more than they fetch at buyback events.
It was going to happen. If any of our readers have done this, they can share their experiences below.
Follow these stories and more at Reason 24/7 and don't forget you can e-mail stories to us at 24_7@reason.com and tweet us at @reason247.