Buying legitimate guns is only possible with a legitimate gun retailer. Since a gun is not an easily accessible item to obtain, many people think of pawning one. It's possible, but the same federal and state laws apply to pawn shops that accept pawning guns.

Pawnshops can only sell guns if they are a Federal Firearm Licensee. To obtain this license, a pawn shop must undergo training from the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF).

We will explore the intricacies of pawning a gun in this article, so read on below to get started.

The Basics of Pawning a Gun

If you want to pawn a gun, you will have to submit some paperwork to the pawnshop. The pawn shop will tell you what kind of information to provide them with and present the paperwork to them.

The pawn shop will then review the documents you handed over. If they are satisfied, then they will allow you to let them borrow their merchandise and get a loan. You will have to sign a contract stating you will return the items once the loan is paid off. The pawnshop will record your information once you have signed the contract.

After this is done, you will then be allowed to pick up your money, but the gun will be held at the pawnshop.

Laws Concerning Gun Pawning

The federal laws involved with gun pawning are known as the Gun Control Act of 1968 and the National Firearms Act of 1934. Some states also have laws that also apply.

The Gun Control Act of 1968 states that it is illegal to sell a gun to someone who does not have a license. In doing so, the seller violates the law because the seller is breaking federal gun control laws.

The National Firearms Act states that a person is not allowed to own a gun with a barrel of less than 16 inches or a total length of less than 26 inches. Additionally, the seller of a weapon must register with the ATF.

The Difference Between Pawning And Selling

When you sell a gun, you’re essentially giving up your ownership of that gun. You sell it because you do not want to own it. You will sell it to another person, and you will be paid a certain amount of money.

On the other hand, when you pawn a gun, you loan the gun to a pawn shop. You are still the one who owns it. The pawn shop will hold the gun for you, and when you pay back the loan, you will get the gun back.

Since you are the one who owns the gun through the pawnshop, you are the one who gives the pawnshop permission to sell it.

Pawning Fees

Pawning a gun is going to cost you money. It's the cost of loaning your property to someone. The pawn shop will cut a check for you, but they will deduct a fee from it.

This fee varies from state to state. The cost varies depending on the type of gun you are pawning. Of course, the bigger the gun and the price, the higher the fee.

Conclusion

Pawning a gun is a pretty common practice that happens every day. Many firearms are pawned, and many guns are sold. It's completely legal to own firearms, and it's completely legal to pawn them. You just have to do it correctly to avoid breaking any laws.

If you’re looking for an FFL-licensed pawnshop in Murray, KY, look no further than River City Pawn! We offer more money for any item regardless of its price, and our interest rates are also reasonably priced. Contact us today to learn more!