I predicted this would happen:
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.
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.”
People were reportedly, at one point, jumping out of vehicles whilst sitting in traffic – making on the spot deals with the gun buyers.
But the BuyBack wasn’t a bust. On the contrary – their $80,000 supply of gift cards didn’t last but 2 hours, and by 11:00 am they began attempting to issue IOU’s at which point the entire crowd responded by turning and marching toward the gun dealers, forcing the police officers to pack it up for the day.