50K for an M16. The people that own transferable machine guns have way too much invested to allow the laws to change and reopen the registry or get rid of the registry all together.
Want to know why the NFA registry will never go away or be reopened?
- Thread starter dsdmmat
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50K for an M16. The people that own transferable machine guns have way too much invested to allow the laws to change and reopen the registry or get rid of the registry all together.
There are actually a lot of people who own transferable machine guns that fight for and advocate the repeal of the Hughes amendment and the NFA.
Come to find out very few (yes there are those out there) actually purchased these guns prior to them closing the registry as investments.
But yes the ones that did buy this as investments like they also do with gold and other metals dont want it reopened
Oh and you can get a transferable m16 (I posted it about a year ago) for about 17k.
Something like this colt wouldnt lose much value if the registry opened back up or the NFA was to go away
Something like this colt wouldnt lose much value if the registry opened back up or the NFA was to go away
Once the registry closed their legal machine guns went up in value at least by double what they paid.
I have a few guns I bought that were never intended as an investment. The fact they were discontinued and in either very desirable calibers or oddball calibers have made them go up in value by 700-1300 dollars. Same thing happened to the guys that bough machine guns prior to 86, might have been a fun purchase that turned into a windfall when they finally decide to sell them.
I never said they didnt go up in value. I'm saying most that bought them then werent really buying them to much as an investment.
And the ones buying them now, yes investment/shooting.. but most would agree they want the registry open to buy shooters. And the ones pre86 would keep most of their value.
Ian from forgotten weapons did a great video on it with one of the auction houses main machine gun guy who sees all the guns coming in and talks to pretty much every buyer and seller
subsonic
.44 mag
This is nonsense. The political power of a small constituency of NFA machinegun owners, most of whom are fanatical gun nuts who would love nothing more than to build, buy, and own new ones, isn't worth spit.
How much money was in taxi medallions in NYC alone? They were worth billions of dollars, at one time greater in value than all transferable NFA machineguns; taxi drivers were a powerful constituency with a corrupt city bureaucracy tied to them. Then Uber came along and made them next to worthless, and the city went along with it.
If anything is a greater threat to NFA owners it is the gun control people who want to ban machine guns altogether or wind down the transferability, as with restricted firearms in Canada and other countries, which would both destroy the value of these items and imperil their very existence.
How much money was in taxi medallions in NYC alone? They were worth billions of dollars, at one time greater in value than all transferable NFA machineguns; taxi drivers were a powerful constituency with a corrupt city bureaucracy tied to them. Then Uber came along and made them next to worthless, and the city went along with it.
If anything is a greater threat to NFA owners it is the gun control people who want to ban machine guns altogether or wind down the transferability, as with restricted firearms in Canada and other countries, which would both destroy the value of these items and imperil their very existence.