How much could this really be worth?

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shappy0869

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I am not interested in bidding on it, just curious.

http://www.county.lapeer.org/sheriff/m16sale.html

SOLICITATION FOR SEALED OFFERS
M-16 Rifle Sale

MANUFACTURER: COLT
MODEL: M-16 A1
DESCRIPTION: Collector Quality, original Colt manufactured M-16 A-1, fully transferable to qualified individuals on a BATF FORM 4. This is not a conversion. Weapon is in excellent to new condition. This was back up weapon to our front line arsenal. This is the real deal from the Colt factory and marked as M-16 with safe, semi and auto selector switch. This weapon is complete and well maintained. All NFA rules apply. This weapon was manufactured as a military weapon.

We reserve the right to reject any and all offers.

TERMS OF SALE: The weapon will be sold on a sealed bid to the highest bidder. Bids must be in our possession by 5PM on May 1, 2007. Successful bidder will be notified at the end of the sale. Shipping or delivery costs will be between the successful bidder and the licensed agent you select to ship out of state.

9108_full.jpg

9108_det_full.jpg


News story:

Lapeer Co. Sheriff's Office to sell machine gun to the highest bidder

Department needs the money

February 27, 2007

BY STEVE NEAVLING

FREE PRESS STAFF WRITER

You, too, could be the proud owner of an automatic weapon -- courtesy of the Lapeer County Sheriff's Office.

Via its Web site, www.county.lapeer.org/sheriff, the department is auctioning off a fully automatic M16, dating to the mid-1970s and capable of firing about 700 rounds a minute. The only requirement is that bidders have a machine gun permit -- available to any adult who doesn't have a criminal record.

Purchased by the department for $500 in the '70s, the weapon, which Lapeer's law enforcers thought might be needed in the event of an emergency like a hostage crisis, has never been fired outside of a shooting range. Undersheriff Robert Rapson said Monday he thinks it may be worth as much as $17,000 now.

So what's a county sheriff's department doing selling a fully automatic machine gun?

What else? Raising money.

Rapson said his office hasn't received a budget increase in six years and desperately needs funds for new guns and other equipment for its 82 deputies.

"We are a small county, and we need to take advantage of this," Rapson said. "We've had to cut to the bone for a long time."

On its Web site, the sheriff's office began taking bids two weeks ago; the deadline is May 1.

The Colt M16 A1 is described as "collector quality ... in excellent to new condition."

"This is the real deal from the Colt factory and marked as M16 with safe, semi and auto selector switch," the Web site reads.

Rapson said he's not worried about a potential safety threat because he's confident that the background check and permit process -- which anyone interested in the weapon must go through with the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives -- will weed out potential bidders who might have criminal intentions.

But gun control advocates say it could end up in the wrong hands.

"Even the most reasonable gun owner doesn't want to see this kind of weapon in circulation," said Shikha Hamilton, president of the Michigan chapter of Million Mom March, a gun control group. "The fact that a law enforcement agency is selling a dangerous weapon is appalling."

A 1986 federal law banned the sale of new automatic weapons but allowed those already in circulation to be legally sold. A few states have passed laws outlawing the sale of all automatic guns, but Michigan is not among them.

There are more than 6,500 registered machine guns in Michigan, according to the Brady Center to Prevent Gun Violence.
 
Prices for transferrable M-16A1s has risen alot in the past few years alone. This one looks like it's in 95%+ condition. It's definitely worth >$15,000.

Wish I had the scratch for it!:D

vanfunk
 
They've had a few at the local gun shop I always go to, they always had them for $16,000-$17,999. Hehe to bad the local sheriff wont sign for anyone they dont know, same with the local police chief, let alone SELL machine guns themselves. My loop hole is that I go to college here in Florida, but Im a resident of Virginia, so I can buy Class 3 there and just transfer them, no FL law signature necessary :neener:
 
Even the most reasonable gun owner doesn't want to see this kind of weapon in circulation," said Shikha Hamilton, president of the Michigan chapter of Million Mom March, a gun control group. "The fact that a law enforcement agency is selling a dangerous weapon is appalling."

I thought it point out the bad dumb part of this sweet article. Is one weapon (gun) really all that more dangerous than any other? Shoot Kooter I SHOT HIM DED I DID, then I shot him again cuz he needed killin':neener:
 
transferables

Im looking to finally extend my collection to full autos. does anyone know where to look for transferable FAL's, g3, or g36's. Also is it legal to convert
sl8's??
 
Also is it legal to convert
sl8's??

Nothing can be converted after May of 1986 so the stock that was out there and transferrable as of that year is all that can be sold.

You will pay well in excess of $25,000 for a FAL, if one ever comes up for sale.
 
Fella's;

Yeah, but the question was what's it worth? Not: What is it gonna sell for? IMHO the thing is worth what any 95% gun is compared to the market, & add another $50.00 bucks for the select fire parts.

:p 900F
 
if you look in some of the big sellers mags, guys that do sp-1's for a living, I regularly see them for 17k. this one is worth exactly what some will pay for it!
now that i've got my smart !@#ss out of the way, I bet it goes for over 17, because this thing is in fantastic condition. If it had the old timey three prong flash surpressor on it..... who knows how high it would go.
 
What makes an auto so damn expensive. Does the trigger change really add 15,000 dollars in parts? I don't think so, but I'm pretty naive to autos.

I don't see why they go for such ridiculous prices, please explain.

I know a guy who stated a few simple operations with a milling machine and the proper know-how turn any AR into an auto. He did not show me, we were just talking and he was one of those folks with a large machine shop for a private citizen. If it can be machined, he's probably machined it at one time or another.
 
I don't see why they go for such ridiculous prices, please explain.

Because if your friend with the milling machine made one, he'd go to prison for 10 years.

No machine guns can be made; new or modified; after May 1986 (outside of manufacturers, let's not confuse things with SOTs and all that)

So, what was registered and "on the books" before that date can be traded and sold, but no more can be added to the marketplace making each one that comes up for sale a big deal.
 
I think that they will get the $17K they are looking for, and then some.

Transferable M16s go for $15K+, but this one will fetch a premium if only due to the circumstances of the sale.
 
what exactly is a SOT?

Special Occupational Taxpayer

You can indeed make new machine guns if you have one of these, but it's not for recreation.

You genuinely have to be in the business to make it fly.

Don't try this at home kids......
 
Is it better to spend $15 to $20 k on a "real M-16" or rather put that money towards building an entire arsenal?

Think about what you could do with $15 k plus- all the rifles, scopes, red dots, ammo, range time, etc. Even if you were rich, it just seems to be a waste. JMO. :rolleyes:
 
I am suprised that a Sheriffs Department bothered to register it in the first place. That said I would say its worth about $850-$900 in all reality. However thanks to the actions of our buddy Charlie Rangel it will now sell for $20k easy.

And let us not forget the people who made this law pass so easily. After all it was sponsored be 54 people in the senate alone from both parties, it passed the house easily and then President Reagon was really happy to sign it into being, since it appealed to his antigun roots. The whole thing stinks when you are paying 10-20 times the worth of a firearm due to forced limits on it.

The real sad thing is now I doubt many owners of multiple machine guns would like to see the limit removed and suddenly see the end of their investments as the prices drop from $20000 to $800 and such things. It would make many of them cry.

They need to repeal the ban on the imported barrels introduced a couple of years back too and on supressors from nfa 86.
 
The real sad thing is now I doubt many owners of multiple machine guns would like to see the limit removed and suddenly see the end of their investments as the prices drop from $20000 to $800 and such things. It would make many of them cry.

As one of the people you describe here I can tell you that nothing is further from the truth and it's insulting. We are no less Second Amendment proponents than any other shooter.

I don't know a single NFA collector that would not give up their accrued value to have the option of purchasing many more.

My BAR has gone up in value $28000 since I bought it and I'd give that up in a heartbeat if the door was opened again.
 
That's like saying the people who had Preban weapons and mags didn't want the AWB to sunset...

I had them and I was ESTATIC when it sunseted.
 
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