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Is this an illegal SBR?

BangBang

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The Hen that laid the Golden Legos
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Or is it exempt because of it's age or something?

I was watching Pawn Stars on TV today and saw this, so I found a clip on youtube to post here.

They say it started out as a rifle, but the stock was removed and the barrel was chopped off to make it a "pistol".

 
Yeah, I figured it must have something to do with it's age. The guy said these were made from 1880 to 1890.

I bet that woman was sick when she told the guy that she threw the stock for this gun away and he told her it would've been worth 5 or 6 THOUSAND dollars just by itself!
 
Rick can only buy guns made prior to 1899 i believe. He doesnt have a FFL but guns made before then dont fall under federal regulations.
 
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