Oakland CA gun buyback
Via Instapundit comes this report. Oakland offers $250 per gun. So two gun dealers clean out all their old junkers and turn in 60 guns for a cool $15,000. Followed by a bunch of seniors at an assisted living facility nearby, who probably weren't doing much in the way of robbery or crack dealing.
Same thing happened here some years ago. A certain dealer sent his folks to make the rounds of turn in points (they had a limit per person) and turn his pile of junkers into cash. I took an old and broken single shot shotgun down and turned an unsalable and unrepairable gun into a fistful of money. Gun collectors staked out the locations and if they saw someone with something valuable, offered them more than the turn-in price. Since the folks at the turn in locations didn't know one gun from another, they wound up buying dozens of BB guns at a hefty price.