Bound Book Entries

littlmak · September 9, 2008, 10:44 PM

I recently consigned 6 guns through an auction service. In my book do I list the auction co. as the buyer or do I need the names & adresses of the individual winners of the auction. ( the auction co. also holds a FFL. )

HKuser · September 9, 2008, 11:04 PM

Since you've already made a transfer, I would list the auction company FFL holder. They should have made an acquisition entry for your guns when received and will make the final disposition to the buyers. Your entry should be a mirror entry of theirs, they list guns received from you, you list guns sent to them. There should be an entry when a transfer is made, not when title passes to a final purchaser.

littlmak · September 9, 2008, 11:09 PM

I was thinking the same. But it's my 1st. sale / transfer so I thought I'd check. Thanks.

VaFisher · September 10, 2008, 07:41 AM

I agree, with the above post.

littlmak · September 10, 2008, 03:49 PM

Cool, that's 2 to 0

MrClean · September 10, 2008, 04:48 PM

Agreed. The Auction Company (holding an FFL) should have recorded them received from you and THEY would be responsible for the 4473, etc. I have both acquired and disposed of some through this fashion. I HOPE that's right.

hehe

Tamara · September 11, 2008, 01:55 PM

You'll want to retain a copy of the auction company's FFL.

September 9, 2008, 10:44 PM	#1
littlmak Senior Member Join Date: December 25, 2005 Location: Wisconsin Posts: 308	Bound Book Entries I recently consigned 6 guns through an auction service. In my book do I list the auction co. as the buyer or do I need the names & adresses of the individual winners of the auction. ( the auction co. also holds a FFL. ) __________________ I'm looking for a gun for a fella that can't shoot. (John Wayne, Eldorado)

September 9, 2008, 11:09 PM	#3
littlmak Senior Member Join Date: December 25, 2005 Location: Wisconsin Posts: 308	I was thinking the same. But it's my 1st. sale / transfer so I thought I'd check. Thanks. __________________ I'm looking for a gun for a fella that can't shoot. (John Wayne, Eldorado)

September 10, 2008, 03:49 PM	#5
littlmak Senior Member Join Date: December 25, 2005 Location: Wisconsin Posts: 308	Cool, that's 2 to 0 __________________ I'm looking for a gun for a fella that can't shoot. (John Wayne, Eldorado)

September 10, 2008, 04:48 PM	#6
MrClean Senior Member Join Date: January 31, 2008 Location: State of Confusion Posts: 336	Agreed. The Auction Company (holding an FFL) should have recorded them received from you and THEY would be responsible for the 4473, etc. I have both acquired and disposed of some through this fashion. I HOPE that's right. hehe __________________ I'm like a Fat Kid on a Playground..... " I ain't Playin' " Lifetime NRA, USPSA, HCSO, CRS Club

September 11, 2008, 01:55 PM	#7
Tamara Moderator Emeritus Join Date: March 11, 2000 Location: Indianapolis, IN Posts: 16,002	If you want to be safe... You'll want to retain a copy of the auction company's FFL. __________________ MOLON LABE! 2% Unobtainium, 98% Hypetanium. The Arms Room: An Online Museum.

September 9, 2008, 11:04 PM	#2
HKuser Senior Member Join Date: January 24, 2008 Location: PA Posts: 625	Since you've already made a transfer, I would list the auction company FFL holder. They should have made an acquisition entry for your guns when received and will make the final disposition to the buyers. Your entry should be a mirror entry of theirs, they list guns received from you, you list guns sent to them. There should be an entry when a transfer is made, not when title passes to a final purchaser.

September 10, 2008, 07:41 AM	#4
VaFisher Senior Member Join Date: January 24, 2006 Posts: 596	I agree, with the above post.

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