The Firing Line Forums

Go Back   The Firing Line Forums > The Hide > NFA Guns and Gear

Reply
 
Thread Tools Search this Thread
Old January 27, 2013, 04:26 PM   #1
Beretta686
Senior Member
 
Join Date: May 11, 2005
Location: Texas
Posts: 761
Line between "Dealing" and "Private Collection" for NFA items

I stumbled upon an elderly gentleman with quite a collection of Machine-Guns that he's interested in unloading in bulk, as his family has no interest in owning them. I'm considering making him an offer for all of them but want to think before I leap.

If I were to transfer all these items via Form 4s and promptly resell the majority of them after their transfer, would that be "dealing without a license" or just me selling from my "private collection"?

Or could I have the ones I wish to sell, transfer to my NFA dealer and then sell them through him and thereby bypass the "dealing without a license"?

I'm pretty sure there's no bright-line standard, rather what ATF can prove. I've been dumping Evil Black Rifles from my personal collection to cash in on the silly feeding-freenzy going on right now, but this is a deliberate move I want to think through.
__________________
"Our contract called for 16 cases of rifles and ammunition for $10,000 dollars, not a machine gun...........That is our present to the General"-Pike Bishop

When fascism comes to America, it will be wrapped in the flag and carrying a cross.”
Beretta686 is offline  
Old January 27, 2013, 06:46 PM   #2
johnwilliamson062
Junior member
 
Join Date: May 16, 2008
Posts: 9,995
Quote:
I'm pretty sure there's no bright-line standard, rather what ATF can prove.
If I was ATFE and trying to prove such a thing this public forum post would be rather convenient.
johnwilliamson062 is offline  
Old January 27, 2013, 07:15 PM   #3
Ridge_Runner_5
Senior Member
 
Join Date: February 8, 2008
Location: Denver, CO
Posts: 1,925
If the sale of the weapons is greater than 50% of your income for the year, that is considered dealing.

They might stick you anyway, just because you said you intend to buy them and turn around and resell them asap.
Ridge_Runner_5 is offline  
Old January 27, 2013, 10:39 PM   #4
Willie Sutton
Junior member
 
Join Date: January 26, 2012
Posts: 1,066
Personally, I would finance the deal and have the transfers be done to a dealer. Then do the marketing and let the dealer do the transfers for his fees. Pay him vault storage costs and go about your business. Cherry pcik what you want and have thse transfers be from the dealer to you. Be a customer, not a supplier.

Either that or just get a FFL and pay the SOT....


Willie

.
Willie Sutton is offline  
Old January 27, 2013, 10:48 PM   #5
James K
Member In Memoriam
 
Join Date: March 17, 1999
Posts: 24,383
If you can afford to do so, buy all the guns at once. When you send in the Form 4's enclose a letter saying why you are buying so many and I don't think there will be any problem. (You can check with BATFE in advance if you want.)

Then, assuming there is no change in the law, sell those you don't want one or two a year as you would do normally in weeding out a collection. I think it is a sure bet you won't lose money.

Or use a dealer, as suggested, but that will add $200 to each transfer.

Jim
James K is offline  
Old January 27, 2013, 11:14 PM   #6
Powderman
Senior Member
 
Join Date: September 7, 2001
Location: Washington State
Posts: 2,166
Dude...buy them and KEEP THEM!!!

It seems like you are in an enviable position--access to registered and transferable NFA items--a bunch of them--and you have the wherewithal to seal the deal. Heck, I'd keep them ALL!

(Especially if there are Thompsons or other goodies in there...the mind boggles...swoon...drool...)
__________________
Hiding in plain sight...
Powderman is offline  
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 08:36 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
This site and contents, including all posts, Copyright © 1998-2021 S.W.A.T. Magazine
Copyright Complaints: Please direct DMCA Takedown Notices to the registered agent: thefiringline.com
Page generated in 0.05853 seconds with 10 queries