ffl and 500 ammo

[shotshell]

does an ffl gun dealer have to register every gun that he buys wheather it be for himself or for his business? also i cant' find any s&w 500 special ammo. the magnum ammo is tearing up my wrist in my x frame, need to find some one to reload in some lighter loads, but does any body make a factory 500 special? thanks, shotshell.

 

[Bubbles]

FFL's must log all firearms they receive into a bound book. While this isn't "registration", the ATF is permitted by law to inspect the FFL's records annually, and more often if problems are found.

 

[CoRoMo]

IIRC, they don't have to log their personal firearms that they've owned prior to getting their license.

But if they have an active license, all personal purchases still have to run through the bound book. For example: A dealer wants to give his nephew a shotgun. He sees one for sell in the local newspaper. He buys the gun as a gift for the family member... AFAIK, that gun still has to log through his book. Even if, say, he goes to Cabela's and buys the shotgun off their rack, and fills out a 4473 and his info gets run through NICS, that gun still has to log through his book.

No S&W 500 Special ammo, but that's a good reason to start reloading.

 

[mbartel500]

Shotshell-

Try here. MidwayUSA sells three flavors of .500 special ammo. All are made by CorBon

http://www.midwayusa.com/browse/Bro...3&categoryId=9545&categoryString=653***691***

Also Ballistic Supply sells 50 round boxes of .500 Magnum reduced power loads.

http://www.ballisticsupply.net/Default.aspx?tabid=252105

 

[MrOldLude]

^^^would sell, were it in stock.

Start reloading yourself if you've got the strength to work work a press. It's not legal for unlicensed individuals to manufacture and sell handloads.

Of course, I especially find it amusing when people spend pretty big cash to buy large-caliber firearms, only to find out they're not tough enough to shoot them.

 

[SaxonPig]

Why did you buy a 500? Did it not occur to you that recoil on this monster would be... well, monstrous?

 

[Vyacheslav]

you don't need to be tough to handle a smith and wesson .500, just try to use better form and it should be alot better

 

[NavyLCDR]

An FFL must hold a firearm in their personal collenction "off the books" for one year before privately transferring that firearm to a non-FFL. 18 USC 923 (c):

(c) Upon the filing of a proper application and payment of the prescribed fee, the Attorney General shall issue to a qualified applicant the appropriate license which, subject to the provisions of this chapter and other applicable provisions of law, shall entitle the licensee to transport, ship, and receive firearms and ammunition covered by such license in interstate or foreign commerce during the period stated in the license.

Nothing in this chapter shall be construed to prohibit a licensed manufacturer, importer, or dealer
from maintaining and disposing of a personal collection of firearms, subject only to such restrictions as apply in this chapter to dispositions by a person other than a licensed manufacturer, importer, or dealer. If any firearm is so disposed of by a licensee within one year after its transfer from his business inventory into such licensee's personal collection or if such disposition or any other acquisition is made for the purpose of willfully evading the restrictions placed upon licensees by this chapter, then such firearm shall be deemed part of such licensee's business inventory, except that any licensed manufacturer, importer, or dealer who has maintained a firearm as part of a personal collection for one year and who sells or otherwise disposes of such firearm shall record the description of the firearm in a bound volume, containing the name and place of residence and date of birth of the transferee if the transferee is an individual, or the identity and principal and local places of business of the transferee if the transferee is a corporation or other business entity:

Provided, That no other recordkeeping shall be required.

 

[CoRoMo]

That sounds like the dealer can't actually gift firearms like I described. Or are those examples that I gave, not considered part of his personal collection?

 

[NavyLCDR]

That sounds like the dealer can't actually gift firearms like I described. Or are those examples that I gave, not considered part of his personal collection?

That part I have no idea about. I would not think that having an FFL license would preclude a person from obtaining a firearm via a 4473 and NICS check from another dealer as a gift. I don't know if the one year requirement applies only to firearms they obtain using their FFL, or if their license precludes them from purchasing privately like you and I can and then selling or gifting that firearm privately. I would imagine a sale would be a much more slippery slope than a gift.

 

[Larry E]

If an FFL holder buys a rifle for his own use through a wholesaler or distributor he has to enter it into his bound book, and show that he's the "purchaser". If he buys a gun not through his business it doesn't have to be recorded, and any guns owned prior to obtaining the FFL don't have to be entered. Also all personal guns are supposed to be tagged as not for sale in case the ATF comes around and wants to know why they're not entered in the bound book.

In my experience with the ATF as a former FFL holder I found them to be particularly humorless. I gave it up because the state dealer license got to be exorbitant in WA State where I lived at the time.