If you are just waiting and waiting for days just dismantle it even if it's one and you will see how he gives it back. To date there is no way to dismantle cypher bounties, you actually have to complete them, then dismantle the gun if you don't want it like I had to do.

Dont listen to troll Heres bungies advice proving troll os worng Guardians, We are aware of a number of different issues regarding the Elder Cipher Bounty that can be granted from the Skolas challenge Arena in the Prison of Elders. These include: - Simultaneously receiving duplicate copies of the Elder Cipher Bounty - Unable to accept first bounty step/select bounty weapon from Variks - Bounty not present in inventory - Mission Notification present for The Reef while waiting for Variks to summon the player to continue We apologize for any confusion that may have been caused and are actively investigating these issues. [b]UPDATE 6/15/2015:[/b] With the release of HotFix 1.2.0.3, all issues with the Elder Cipher bounty should be resolved. Please speak with Variks in the Reef to check on status of your Elder Cipher bounty, if you have been unable to interact with the bounty previously. If you have 2 Elder Cipher bounties in your Inventory, please abandon both of them. Variks will offer you a chance to recover 1 bounty if you visit him in the Reef. Please note, you will not receive multiple awards for having 2 Elder Cipher bounties in your inventory

You can delete it and it will give it right back to you. If it's bugged it should be fixed. You still have to keep waiting tho.

Yes its normal, the ! On the reef Doesn't mean its ready it just means it there, when you fly in if varkis has a green! On him thats means its ready. Takes 3 days up to 5 How long have you been waiting?