Consignment

Old or new, large or small, clean or dirty, functional or broken, we can sell it!

We pay 90% of the final selling price less any expenses incurred such as auction fees or cleaning.

For example, we recently sold a World War II era French rifle on Gunbroker.com for $475. The buyer covered the cost of shipping. The auction fee was around $28 and we charged a few dollars for cleaning. In the end we mailed a check to the consignor for over $390. While these results aren’t typical of all sales, it comes down to the value of the item being sold.

We sell consignment locally and on gunbroker.com where we have an A+ rating.

The Fine Print

Consignor agrees to place the items listed below on consignment with Teancum Armory LLC, to try to sell them under the terms of this agreement.

Teancum Armory LLC agrees to accept the item(s) listed for consignment sale under the terms of this agreement.

The Consignor represents that they are the rightful owner of the items listed, any firearms are serialized and legal, and that the items are free of any encumbrance. While this agreement is in effect, Consignor agrees to grant the exclusive right to Teancum Armory LLC to market, advertise, and sell the item(s) listed below.

Teancum Armory LLC will inspect and service all the items listed in this agreement and will determine condition and functionality.

Teancum Armory LLC will write up the description and specifications necessary to offer the items for sale. Teancum Armory LLC will offer the items for sale at its retail location, at suitable trade shows, internet auctions, etc.

The consignment fee shall be 10% of the selling price of the item, with a minimum fee of $15 per item.

Fees for other services provided by Teancum Armory LLC (e.g. cleaning, repair) or for services provided by third‐party vendors (e.g. auction listing fees, credit card fees, packing and shipping fees, etc.) are additional and are not included in the consignment fee.

When the items consigned are sold and final payment is made by the buyer, all applicable fees and expenses are deducted from selling price and the Consignor will receive the net amount within 30 days via business check. If consignor does not pick up check within 14 days, the check will be mailed to their address of record on file via U.S.P.S.

The Consignor agrees that, as Teancum Armory LLC is required to complete all inspections and specifications, prepare the items for sale, and advertise the items, that the items consigned will be left on consignment with Teancum Armory LLC for a minimum of sixty (60) days.

This agreement will continue indefinitely beyond the original 60-day period unless either party notifies the other of their intent to terminate it. Because a sale may be pending, or an advertisement just placed; the Consignor agrees to give thirty (30) days’ notice if the Consignor wishes to have items covered by this agreement returned.

If the Consignor decides to have consigned item(s) returned, Federal Law requires that the Consignor complete all appropriate forms as if they were purchasing the firearms and pass the NICS background check. Consignor agrees to pay Teancum Armory LLC $15 per item for processing the transfer.

If consignor is unable to pass the NICS check, they will have 10 business days to resolve the issue. If the issue cannot be resolved, the firearm will remain on consignment until sold.

Consignee shall not be liable to Consignor for any loss or damage suffered to Consignor’s merchandise, including, but not limited to, loss or damage to such merchandise from fire, theft, or other casualty.

Consignor hereby fully releases Consignee possible under the law from any and all claims or any nature in connection with or arising from the placement of Consignor’s merchandise with Consignee.

Consignor further covenants that he/she shall make no claim against Consignee, Consignee’s insurance carrier or the property owner where the items are being stored or held for any damage to Consignor’s merchandise.