Posted on 08/04/2022 4:54:30 AM PDT by marktwain
As part of the wave of gun legislation reforms sweeping the country since the 1980s, the Kentucky legislature required forfeited guns to be sold at auction to Federal Firearms License holders. The legislation was created in Kentucky in 1998. Guns that were stolen, and can be identified, are returned to their legal owners.
This was to prevent the destruction of valuable assets for no purpose. In addition, the sale of the assets would accrue to the benefit of the police, which gained support for the legislation.
The Kentucky State Police have been tasked by the Kentucky General Assembly to administer the sale of forfeited guns. In 2020, the Kentucky State Police (KSP) started auctioning off collected guns as one large lot to one dealer. This is the easiest way to auction off the guns.
It limits the number of potential buyers to those with a Federal Firearms License and access to over a hundred thousand dollars, available as cash, for the guns. Here are terms as listed at the Kentucky State Police site:
KSP Firearms FFL Bidders: The Kentucky State Police will be conducting a closed, one bid auction online. The upcoming auction will contain approximately 600+/-guns as one lot. The firearms list will be posted on
the KSP public web site as well as a short video showing each firearm. Bids submitted will be for all guns listed/shown. A reasonable start bid will be established based on previous auctions and trends in the
market. Bids must be made in $5.00 increments.All bids should be emailed to ksp.weaponsauctions@ky.gov . One bid per FFL holder will be accepted. The bids will be reviewed,and the winner notified by email. A bid submission is a binding contract between KSP and the winning bidder.
(Excerpt) Read more at ammoland.com ...
I live in Kentucky and got all excited, except I don’t need 600 guns. 😁
Are you sure?
I swear I saw at least four Carcanos ! (never fired dropped once) Several SKS and either an FAL or an HK 91. I would have loved to go to that auction!
Do you have an FFL? You can bid thru email if you do.
Probably just a ruse to Continue gun Confiscation . some rich liberal will buy them all and have them destroyed on TV as an example. Why does it seem that many state police organizations are all run by anti-American Marxists filled with jackbooted thugs
Works well for the gun manufacturers.
Go ahead, anti-gun idiot. Buy them all.
We will make more.
Fewer old guns available, more demand for new guns.
Not calling gdc61 an “anti-gun idiot”. The term referred to the hypothetical wealthy anti-gun person.
Why not?
My read recollected the other disastrous buy-back (TX?) which included hundreds of 3D printed garbage.
If I recall, some called it a ‘firewood’ auction.
The police shouldn’t profit from this. Any revenue raised should be added to the general budget of the state.
What should be, and is, are often two different things.
I would put money on the bill's passage was dependent on getting police support.
Getting police support was probably dependent on them getting the money.
You keep usin' that "need" word in proximity to guns an yer gonna get yer man-card punched.. d;^)
I’ve always been wary of an FFL. An attorney friend of mine calls them a “Future Forfeiture Legislation” aid. He only advises people who buy and sell multiple guns (more than one or two a month) to get one. Purchase and sales from FFL holders create a paper trail right to your gun safe.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.