Equipting a Item/Weapon

I've made a Script that adds a very basic Inventory and GUI. I'm stuck on equipping the item. It will equip and parent to the bone the way it is supposed to but the object doesn't line itself up right with my character. Can someone help out with this? I'm sure its a somewhat simple solution I just can't seem to figure it out though.

 import System.Collections.Generic;
 
 
 var playerInventory : List.<ItemClass> = new List.<ItemClass>();
 var scrollView : Vector2;
 var equippedItem : ItemClass;
 var equipped : boolean = false;
 
 var playerHand : Transform;
 
 function Update () 
 {
     if(equippedItem.itemType == ItemClass.ItemType.Weapon && equipped == false)
     {
         equipped = true;
     }
         else
         {
             equipped = false;
         }
 
 }
 
 function OnGUI()
 {
 //Inventory
     GUILayout.BeginArea(Rect(Screen.width - 300, 0, 300, 508));
     scrollView = GUILayout.BeginScrollView(scrollView,GUILayout.Width(300), GUILayout.Height(508));
     for(var x = 0; x < playerInventory.Count; x++)
     {
         GUILayout.BeginHorizontal();
         
         //Equipping a Weapon.
         if(GUILayout.Button(playerInventory[x].icon) && playerInventory[x].itemType == ItemClass.ItemType.Weapon)
         {
             equippedItem = playerInventory[x];
             var weapon : Transform = Instantiate(playerInventory[x].itemPrefab,playerHand.position,Quaternion.identity);
             playerInventory.RemoveAt(x);
             weapon.parent = playerHand;
             return;
         }
         GUILayout.Box(playerInventory[x].name);
         GUILayout.EndHorizontal();
         GUILayout.Box(playerInventory[x].description);
     }
     GUILayout.EndScrollView();
     GUILayout.EndArea();
     
 //Weapon Slot
     if(GUI.Button(Rect(Screen.width/2 - 25, Screen.height - 50, 50, 50), equippedItem.icon) && equipped == true)
     {
         playerInventory.Add(equippedItem);
         Destroy(GameObject.FindGameObjectWithTag("Weapon"));
         equippedItem = new ItemClass();
         
     }
     
 
 }