Quantcast
  1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Full Auto Collection for Sale

Discussion in 'NFA Firearms and Accessories' started by leadaddict, Apr 4, 2014.

Thread Status:
Not open for further replies.
  1. leadaddict

    leadaddict Member

    Joined:
    Oct 2, 2009
    Messages:
    517
    Location:
    Iowa
    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?
     
    Last edited: Apr 4, 2014
  2. rtz

    rtz Member

    Joined:
    Dec 13, 2008
    Messages:
    158
    Location:
    OK
    4 guns for seventy grand? What a rip.
     
  3. Arizona_Mike

    Arizona_Mike Member

    Joined:
    Feb 15, 2013
    Messages:
    3,187
    I don't think that is very far off considering 3 of the 4 guns fetch 5 figures routinely.

    Mike
     
  4. Telekinesis

    Telekinesis Member

    Joined:
    Jan 23, 2011
    Messages:
    1,411
    Location:
    Birmingham, Alabama
    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.
     
  5. Russian Hammer

    Russian Hammer Member

    Joined:
    Sep 25, 2013
    Messages:
    66
    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
     
  6. AlexanderA

    AlexanderA Member

    Joined:
    Feb 27, 2011
    Messages:
    2,859
    Location:
    Virginia
    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.
     
  7. Midwest

    Midwest Member

    Joined:
    Sep 13, 2011
    Messages:
    2,542
    Location:
    Kentucky
    I wonder if any of the Class III FFL's here on THR might be interested in these.

    .
     
  8. leadaddict

    leadaddict Member

    Joined:
    Oct 2, 2009
    Messages:
    517
    Location:
    Iowa
    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.
     
  9. ultratec1

    ultratec1 Member

    Joined:
    Dec 31, 2011
    Messages:
    139
    Location:
    Iowa
    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?
     
  10. PBR Streetgang

    PBR Streetgang Member

    Joined:
    Aug 15, 2011
    Messages:
    391
    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.
     
  11. Trent

    Trent Resident Wiseguy

    Joined:
    Dec 6, 2010
    Messages:
    17,102
    Location:
    Illinois
    Would it even be possible to transfer guns (legally) or name a Sheriff's department for executor of an estate for something like this?
     
  12. hq

    hq Member

    Joined:
    May 24, 2011
    Messages:
    1,010
    Location:
    Finland
    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... :)
     
  13. plodder

    plodder Member

    Joined:
    Jan 1, 2011
    Messages:
    493
    Location:
    Deep in a bunker behind the cheddar curtain
    Sure, rub it in HQ! :banghead:
     
  14. Trent

    Trent Resident Wiseguy

    Joined:
    Dec 6, 2010
    Messages:
    17,102
    Location:
    Illinois
    .... say what...???

    Can you own ANY full auto in Finland?

    Because damn, I might just retire there if so. :)
     
  15. Remington550-1

    Remington550-1 Member

    Joined:
    Dec 13, 2013
    Messages:
    14
    That's just cruel man...:(
     
  16. anothernewb

    anothernewb Member

    Joined:
    Feb 21, 2012
    Messages:
    1,154
    Location:
    West Central MN
    That's just cold. -but kudos on the appropriate jab.
     
  17. hq

    hq Member

    Joined:
    May 24, 2011
    Messages:
    1,010
    Location:
    Finland
    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.
     
  18. Ironman

    Ironman Member

    Joined:
    Dec 6, 2003
    Messages:
    580
    Location:
    Palm Harbor, Florida
    What other guns to your have in your collection HQ? :)
     
  19. tepin

    tepin Member

    Joined:
    Jun 21, 2006
    Messages:
    562
    Location:
    AZ
    A transferable lightning link runs $10K and probably costs $2.00 to make... back in the day. $70K is probably about right.
     
  20. Gtscotty

    Gtscotty Member

    Joined:
    Jul 2, 2007
    Messages:
    2,089
    Location:
    Wyoming
    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?
     
  21. Telekinesis

    Telekinesis Member

    Joined:
    Jan 23, 2011
    Messages:
    1,411
    Location:
    Birmingham, Alabama
    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.
     
  22. Gtscotty

    Gtscotty Member

    Joined:
    Jul 2, 2007
    Messages:
    2,089
    Location:
    Wyoming
    That makes sense. I agree, those prices look like fully transferable prices, that is what threw me off.
     
  23. Capybara

    Capybara Member

    Joined:
    Mar 21, 2012
    Messages:
    508
    Location:
    Ventura County, Ca.
    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.
     
  24. Sarge

    Sarge Member

    Joined:
    Jun 28, 2003
    Messages:
    154
    Location:
    Colorado
    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
     
  25. Akita1

    Akita1 Member

    Joined:
    Jan 4, 2013
    Messages:
    844
    Location:
    Hell (FL)
    Too much interest Sarge13, the sheriff got nervous!
     
Thread Status:
Not open for further replies.

Share This Page