Full Auto Collection for Sale


PDA






Gregaw
April 4, 2014, 04:27 PM
http://www.gunlistings.org/iowa-gun-classifieds/iowa_city/all/204921/antique_guns

I saw this listed today in the Iowa classifieds on gunlistings.org. Unfortunately we normal Iowans can't even own these. Equally unfortunate, I don't have 70+ grand to drop on buying these anyway. I thought I'd post it here in case anyone had a big pile of Benjamins lying around that would want to exchange for some full auto fun.

I am also wondering how much you think this lot will go for?

One other question. Is it normal the sheriff to sell things like this for an individual, or does the sheriff likely "own" these?

If you enjoyed reading about "Full Auto Collection for Sale" here in TheHighRoad.org archive, you'll LOVE our community. Come join TheHighRoad.org today for the full version!
rtz
April 4, 2014, 04:34 PM
4 guns for seventy grand? What a rip.

Arizona_Mike
April 4, 2014, 04:55 PM
I don't think that is very far off considering 3 of the 4 guns fetch 5 figures routinely.

Mike

Telekinesis
April 4, 2014, 05:22 PM
4 guns for seventy grand? What a rip.

You must not deal with NFA weapons much.

Depending on the specifics of the weapons it's definitely in the ballpark price wise (I don't know much about the prices of different variations of the WW2 MGs). Wish I could afford toys like that. For now I'm sticking with my cans and SBRs.

Russian Hammer
April 4, 2014, 05:26 PM
Sounds like a good deal to me, the Uzi is probably 10k+, Thompson 30k+, BAR at least 20k and the AR at least 15. That's just a guess cause I'm not up on current MG prices and it could be worth significantly more

AlexanderA
April 4, 2014, 05:28 PM
The listing has a paucity of information. We don't know the exact models, the condition, etc. Nevertheless, $70,000 is not unreasonable as an opening bid. Consider that an AR-15 converted to FA goes for about $18,000 ($25,000 if it's a factory M16), an original BAR is in the $35,000 range, an M1928 Thompson is about $25,000, and an UZI is more than $10,000. That's potentially a total retail (depending on condition) of nearly $90,000. You have to discount that because of the fact that the bidding is open only to Class III dealers and they have to make a profit. They'd have to inspect the guns in person before they could make an intelligent bid.

Midwest
April 4, 2014, 05:30 PM
I wonder if any of the Class III FFL's here on THR might be interested in these.

.

Gregaw
April 4, 2014, 06:10 PM
Yes, 70K is just the opening bid. Thanks for the guesses. Sorry, I couldn't find any pictures. I was hoping I could find a more thorough listing somewhere else, but couldn't in the few minutes I had. I'll search a little more later.

ultratec1
April 5, 2014, 08:46 AM
I am wondering where they came from? It is a Sheriffs auction so did the sheriffs office just have these on hand or were they seized items?

PBR Streetgang
April 5, 2014, 10:54 AM
No matter where they came from the Sheriffs dept can only sell these guns if they were legally registered. They could possibly be surrendered guns due to the death of the owner.

Trent
April 5, 2014, 11:09 AM
Would it even be possible to transfer guns (legally) or name a Sheriff's department for executor of an estate for something like this?

hq
April 5, 2014, 11:37 AM
It's been interesting to see how prices of MG:s have risen since 1986. From my non-US point of view $70k for four guns sounds outrageous, considering that yesterday I bought a very nice Maxim 1910/30 complete with Sokolov mount and plenty of accessories and a truly pristine M31 Suomi SMG for a package price of $1390. Things change a bit when the supply isn't limited to guns registered prior to an arbitrary date... :)

plodder
April 5, 2014, 04:11 PM
yesterday I bought a very nice Maxim 1910/30 complete with Sokolov mount and plenty of accessories and a truly pristine M31 Suomi SMG for a package price of $1390.

Sure, rub it in HQ! :banghead:

Trent
April 5, 2014, 09:25 PM
It's been interesting to see how prices of MG:s have risen since 1986. From my non-US point of view $70k for four guns sounds outrageous, considering that yesterday I bought a very nice Maxim 1910/30 complete with Sokolov mount and plenty of accessories and a truly pristine M31 Suomi SMG for a package price of $1390. Things change a bit when the supply isn't limited to guns registered prior to an arbitrary date... :)

.... say what...???

Can you own ANY full auto in Finland?

Because damn, I might just retire there if so. :)

Remington550-1
April 6, 2014, 07:22 PM
It's been interesting to see how prices of MG:s have risen since 1986. From my non-US point of view $70k for four guns sounds outrageous, considering that yesterday I bought a very nice Maxim 1910/30 complete with Sokolov mount and plenty of accessories and a truly pristine M31 Suomi SMG for a package price of $1390. Things change a bit when the supply isn't limited to guns registered prior to an arbitrary date... :)
That's just cruel man...:(

anothernewb
April 10, 2014, 02:29 PM
It's been interesting to see how prices of MG:s have risen since 1986. From my non-US point of view $70k for four guns sounds outrageous, considering that yesterday I bought a very nice Maxim 1910/30 complete with Sokolov mount and plenty of accessories and a truly pristine M31 Suomi SMG for a package price of $1390. Things change a bit when the supply isn't limited to guns registered prior to an arbitrary date... :)
That's just cold. -but kudos on the appropriate jab.

hq
April 10, 2014, 07:04 PM
.... say what...???

Can you own ANY full auto in Finland?

Because damn, I might just retire there if so. :)

As long as you're a registered gun collector and your approved collecting plan (basically a long list of firearms you want to collect with an explanation of their relevance to your collection) has the particular firearm in it, you can buy, modify or build pretty much anything. There's quite a bit of red tape involved, but jump through the hoops, get your collector status, have your "shopping list" approved and you're in market for some serious hardware. Maxim is way older than anything else in my collection but it was still explainable so I just had to have it... to save a piece of history.

Ironman
April 14, 2014, 04:51 PM
What other guns to your have in your collection HQ? :)

tepin
April 15, 2014, 05:27 PM
A transferable lightning link runs $10K and probably costs $2.00 to make... back in the day. $70K is probably about right.

Gtscotty
April 16, 2014, 12:31 AM
So, of course these machine guns have to be sold through a class 3 dealer, but why does the ad say they have to be sold TO a class 3 dealer? Are they dealer samples?

Telekinesis
April 16, 2014, 01:03 AM
So, of course these machine guns have to be sold through a class 3 dealer, but why does the ad say they have to be sold TO a class 3 dealer? Are they dealer samples?

At that price they should be fully transferable. My guess would be that the seller only wants to sell to SOTs because dealers would be more likely to buy a package of multiple machine guns and have $70k+ that they could spend on it. Though that's not to say that an individual couldn't be in the same position, just less likely.

Also, the machine guns don't necessarily have to be transferred through a SOT. If the buyer resides in the same state as the seller, they can do a form 4 transfer directly from the seller to the buyer without involving a dealer at all. The seller probably wouldn't like this option because a form 4 takes around 9 months (last I checked) and a form 3 takes less than 3 months. Selling to an individual like that would mean the seller would have to hold onto the guns for much longer than they would if they were selling to a SOT.

Gtscotty
April 18, 2014, 01:01 AM
That makes sense. I agree, those prices look like fully transferable prices, that is what threw me off.

Capybara
April 19, 2014, 10:02 PM
I saw an ad for post 86 HKMP5s the other day from a police department, they had five or six of them at $2,000.00 ea. Same gun transferable pre-86 are almost $30k. You aren't really paying for the gun, you are paying for the privilege of legally owning a gun that the government doesn't really want you to own.

HQ, in Finland, are you allowed to actually shoot your MGs or just own them? Can you just take then to the range and blow through piles of ammo? Must you obtain special permission or a permit to shoot them? Just curious.

Sarge 13
April 22, 2014, 07:15 PM
The notice said no longer available, wonder what that means?
The way that adv reads those are all dealer samples. IF that is the case then they are about 5x over priced.
Sarge

Akita1
April 23, 2014, 06:39 PM
Too much interest Sarge13, the sheriff got nervous!

Jim K
April 24, 2014, 05:03 PM
I think the guns are probably owned by the department, and they are being sold to get money for other things. They probably want to sell only to a dealer because they want to sell them all at once without having to go through multiple transfers. If they are owned by the department and registered before 1986 (as they should be) there is no reason they cannot be sold.

I guarantee that the guns will be priced at a total of more than 70k when the dealer sells them.

Jim

Madcap_Magician
April 25, 2014, 10:58 AM
It would be nice to buy machine guns like HQ does in Finland, but I think I'll stay in a place where I can carry a gun legally on my person and not have to register all my guns with the government. :D

If you enjoyed reading about "Full Auto Collection for Sale" here in TheHighRoad.org archive, you'll LOVE our community. Come join TheHighRoad.org today for the full version!