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C&R Sale Question

Discussion in 'General Gun Discussions' started by michiganfan, Mar 19, 2005.

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  1. michiganfan

    michiganfan Member

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    I have accumulated three or four mil suprs on my C&R. As I understand the law I can sell these guns as long as I am "not engaged in the sale of firearms" on a regular basis. Is my understanding correct? Second question if I do sell these it does not have to be to a FFL or a C&R holder. In other words if I am going to sell a couple of rifles I've had for a couple of years simply because I dont use them then that is ok and I can sell them to anybody that would otherwise qualify?
     
  2. Chipperman

    Chipperman Member

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    yes you can sell them to private individuals. You must just do your best to make sure they are legally able to own them. Take down driver's license and CCW info if they have one. Log the sale in the "disposition" section of your Bound Book.

    Some states have guidlines about how many guns you can sell privately, but there is no specific number set out in the C&R license. Just make sure that it is clear to ATF, should you ever get audited, that you were buying and selling to "enhance your collection" not as a business.
     
  3. Bear Gulch

    Bear Gulch Member

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    Remember to keep good records as they will be turned into the ATF whenyou end having a c&R, even if you upgrade to a full ffl.
     
  4. Chipperman

    Chipperman Member

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    Your bound book does not have to be turned in to the ATF if you stop your license.
     
  5. Bear Gulch

    Bear Gulch Member

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    No, but records of all your acquisitions and sales do. Along with the original license. This applies even to C&R's. I had wanted to keep my 03 but when I was approved for my 01 they told me to turn in all of my old records.
     
  6. Hkmp5sd

    Hkmp5sd Member

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    Not Required.

    http://www.atf.treas.gov/firearms/faq/faq2.htm#g8

    I used to maintain an 03-FFL and 01-FFL at the same time. I am not aware of anything that prevents a person from doing so.
     
  7. Bear Gulch

    Bear Gulch Member

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    Guys all I am reporting is what they made me do last month when my 03 lapsed on the 1st and my 01 didn't arrive until the 21st. I asked the inspector repeatedly and was told that was what I was required to do!
     
  8. Car Knocker

    Car Knocker Member

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    Doesn't mean that he gave you the correct information.
     
  9. Bear Gulch

    Bear Gulch Member

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    That would seem to be the case. I'll be asking for my records back on Monday!
     
  10. Chipperman

    Chipperman Member

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    Sounds like the guy gave you incorrect info. Not surprising, though. :rolleyes:

    They will of course always err on the side that gives them the most information and power.
     
  11. Bear Gulch

    Bear Gulch Member

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    Without a doubt. They also make it seem that approval of the 01 is conditional upon playing along.
     
  12. Bear Gulch

    Bear Gulch Member

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    Well, Monday I went and got my mail. In it there was a envelope from the DOJ. Inside were all my records and a letter that states: "Due to changes in AFT regulations concerning collectors, you ar not requiredto send these to us anymore."

    So not only were you fellows right, but the folks at the ATF did the right thing. I makes mme feel better about things when the government follows the rules!
     
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