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The other main benefit of an 03 C&R, other than what's already been listed, is that you can buy and sell C&R firearms directly from and to non-licensees who reside in other states. However, if you're selling one, the transaction should be person-to-person.

Clarification: You may sell a C&R Rifle or Shotgun to a non-licensee from another state provided the transaction takes place at your licenses premises and the sale is legal in both your state and the state of the purchaser. You may not sell C&R handguns to a non-licensee from another state.

§ 478.29 Out-of-State acquisition of firearms by nonlicensees.

No person, other than a licensed importer, licensed manufacturer, licensed dealer, or licensed collector, shall transport into or receive in the State where the person resides (or if a corporation or other business entity, where it maintains a place of business) any firearm purchased or otherwise obtained by such person outside that State: Provided, That the provisions of this section:
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(b) Shall not apply to the transportation or receipt of a rifle or shotgun obtained from a licensed manufacturer, licensed importer, licensed dealer, or licensed collector in a State other than the transferee's State of residence in an over-the-counter transaction at the licensee's premises obtained in conformity with the provisions of § 478.96(c)