New rule

[Gunanddoglover]

Thread #642 on this subject.

 

[rockyfatcat]

I have a dozen Class-2 guns inbound from a series of auctions/lots (Poulins) I won last week. In two weeks I have half a dozen Class-3 guns coming in (Morphys) with a totaling cost of over $120K in gun purchases in the past month. I'm not an FFL, I just collect the things. If anyone is going to get their door kicked in and dog shot, it's going to be me. They have not approved any of my NFA Form-4 transfers pending since last year, when they take only a few days now-days. Guilty until proven innocent. I bet they assume I'm an unregistered dealer and will probably spring into action when I submit over a dozen 4473's next week.

Selling/trading NOT BUYING!

As long as your buyer/trader does a 4437 at a dealer, you’re good!

 

[Stampede]

Thread #642 on this subject.

Cuz nobody searches...lol.

 

[wolfmanrogers]

This one new rule has Georgia drivers saving thousands.

 

[Trailrider]

The problem is the wording of "Intent". Because who determines intent to make a profit? Well the Alphabet boys do, so YMMW...

 

[BlackJackAce]

One can only hope that the government's war on guns is as successful as their war on drugs.

 

[palmettomoon]

Good grief.

 

[wolfmanrogers]

The problem is the wording of "Intent". Because who determines intent to make a profit? Well the Alphabet boys do, so YMMW...

Yes, and then you're guilty until proven innocent.

 

[Kman]

Unfortunately, places like ODT will be under HEAVY SCRUTINY!

The key word is presumption. Meaning you can be subject to this rule if you transfer a firearm outside of the FFL process, unless you can provide enough evidence to overwhelm the presumption of guilt under the law.

They have entire libraries filled with the laws that have been written. I’m sure we all fracture a couple laws everyday. By changing the definitions, hence the rules, excluding transfers of self defense weapons, any transfer of a firearm that can possibly be classified as a self defense weapon will fall under this rule. Unless you are selling your entire collection and NEVER purchase another.

They could investigate any trade or sale of any firearm that could be classified as a self defense firearm. What is the start date? What is the statute of limitations? With the record of any trade or sale here on ODT, they can investigate.

If you trade, and they decide you traded up. Or if you sell, and they decide you made a profit. You fall under the law. If I bought a S&W 686 in 1980 for $200. 43 years later it may be just a truck gun. But sell it for more than $200 today, is that a profit?

What happens if you sell your collection with the intent of getting out of guns entirely and things change and 5 years from now you buy another?

It’s not like the ATF will be required to prove “beyond reasonable doubt” that there is no reasonable doubt about the accused’s guilt. The change in the law/definition makes us guilty unless we take steps to avoid it.

Make your own best judgments. Your mileage may vary.

Seeing as it’s near impossible to sell anything on the ODT lately, I’ve been using GB and an FFL. I even tried selling gold below spot here and had a hard time doing that. As far as making money, I’m sure I’ve lost money and made money in the past, but definitely negligible. I’m downsizing and have plenty more stuff to get rid of over the next few years. Will I make money or loose money is hard to tell when it’s been decades of collecting, hunting and shooting.

 

[Stampede]

I have a dozen Class-2 guns inbound from a series of auctions/lots (Poulins) I won last week. In two weeks I have half a dozen Class-3 guns coming in (Morphys) with a totaling cost of over $120K in gun purchases in the past month. I'm not an FFL, I just collect the things. If anyone is going to get their door kicked in and dog shot, it's going to be me. They have not approved any of my NFA Form-4 transfers pending since last year, when they take only a few days now-days. Guilty until proven innocent. I bet they assume I'm an unregistered dealer and will probably spring into action when I submit over a dozen 4473's next week.

Wow....

Based on what another member said, yes...it will be reported by the FFL that handles that many on one 4473 form. Believe he said the FFL is required to do that. Someone can correct me.