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Not having a barrel doesn't make it C&R. Being manufactured in the 30's does.
Think unless it was super cheap I would have let it go also. Not as much because of questions as to C&R eligibility, but rather because the seller doesn't appear to know what he is talking about.
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C&R eligibility doesn't enter in to it. Seller is making the claim that a rifle action is not a
firearm because it doesn't have a barrel, and therefore a FFL is not required for interstate trasnfers. Frankly, the seller is an idiot.
If that was the case, anyone should be able to call up Aero Precision or DPMS and order a stripped AR15 lower Receiver.