relics and collectibles for resale

0311

I just wanted to know if someone can explain to me why it is legal to buy guns such as the M1 Garand, Colt 1911, and other such GI issue weapons but are told not to resale them.

He Dog

I am not quite sure I understand the question. A C&R holder can sell provided the sales meet the legal criteria of his/her state and fed. regs, but you cannot sell a lot. That is, a C&R permit is for collectors not dealers. If you buy 5 and sell 4 to pay for the 1 you keep, that is dealing. If guns come and go in your collection at the rate of 10 per week, that is dealing. If you buy 6 guns a year and sell one when you find one of higher condition, that is not a problem.

He Dog

Laredo Lefty

Many of the guns you mention are older than 50 yrs and are thus classified as C&R's (curios and relics).

Holders of C&R licenses can purchase these guns as "collector" firearms. The purpose of the C&R lic is to make it easier for collectors to acquire guns for their collections.

If a collector buys guns, then turns around and sells them, he is no longer a collector, but in it as a business. This is why you probably heard what you did. This is not to say collectors cannot sell any guns, they can, but it should be kept to a minimum.

If ATF finds that, in their opinion, you are running a business with a C&R lic, they can require you get a regular FFL.

"Never let school interfere with your education"

bigtire

What if a C&R holder needed to liquidate part of a collection for financial reasons? Is the ATF going to deny this persons right to their assets.


MOLON LABE!

D@D

quote: bigtire Posted - 04/07/2004 : 6:44:13 PM

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What if a C&R holder needed to liquidate part of a collection for financial reasons? Is the ATF going to deny this persons right to their assets.


As long as you actually paid bills and not buy more guns I don't see a problem.

HLOUIE2

Since the question asked is specific to US surplus weapons, maybe the question has to do with the time in the 60's when m1911's sold for $17.50(?) and a new 03-A3 sold for $9.50(?). I believe they were sold through the Department of Civilian Marksmanship. Those prices included shipping. If I recall part of the purchase agreement was that they would not be resold. I think the idea was to avoid competing with new gun manufacturers and sellers.

Hlouie2

0311

Thanks for the info everyone. I found 1911's where I am stationed and I am getting flak from both sides trying to get them. They sure do not make this easy to do.