Leave it to enterprising Americans to always find a loophole in the midst of ever-expanding government regulation.
While thousands of Seattle residents lined up for hours to trade their handguns, rifles and family heirlooms away in exchange for up to $200 in gift cards as part of the city’s latest gun buyback program, gun collectors who have seen prices for assault rifles and firearms accessories almost triple since November took advantage of a huge opportunity.
Police stood in awe as gun enthusiasts and collectors waved wads of cash for the guns being held by those standing in line for the buyback program.
Police officers in Seattle, Washington held their first gun buyback program in 20 years this weekend, underneath interstate 5, and soon found that private gun collectors were working the large crowd as little makeshift gun shows began dotting the parking lot and sidewalks.
Some even had “cash for guns” signs prominently displayed.
People that had arrived to trade in their weapons for $100 or $200 BuyBack gift cards($100 for handguns, shotguns and rifles, and $200 for assault weapons) soon realized that gun collectors were there and paying top dollar for collectible firearms. So, as the line for the chump cards got longer and longer people began to jump ship and head over to the dealers.
John Diaz, Seattles Police Chief, wasn’t pleased with the turn of events stating “I’d prefer they wouldn’t sell them,” but admitted it’s perfectly legal for private individuals to buy and sell guns, FOR NOW. Mayor Mike McGinn said at a news conference the private transactions are a loophole that needs to be closed. “There’s no background checks, and some (guns) could be exchanged on the streets that shouldn’t be in circulation.”
But Schuyler Taylor, a previous gun retailer attending the event in hopes of buying weapons, asked “Why not offer them cash versus a gift card? I’m still taking the guns off the streets; they’re just going in my safe.”