We got ‘til 1am on the HPA/SHORT Act🚨

[jonsmith6391]

But they only collect and pass on the tax.
In itself that will not cause the price to go down. And they will still manufacture their own products.

I wish I could facepalm as I definitely had my mind on a different conversation entirely. For some reason, and, because I don't feel like going back 3 pages and figuring out where this started, I thought this was referring to something about Hughes Amendment being repealed, but still having machine guns on NFA.

Apologies, Ken, as you are right within the context that it was being presented. I've had too many conversations lately about NFA, Hughes Amendment, and BBB.

 

[Fatal_Bert]

I wish I could facepalm as I definitely had my mind on a different conversation entirely. For some reason, and. because I don't feel like going back 3 pages and figuring out where this started, I thought this was referring to something about Hughes Amendment being repealed, but still having machine guns on NFA.

Apologies, Ken, as you are right within the context that it was being presented. I've had too many conversations lately about NFA, Hughes Amendment, and BBB.

You wasn't wrong in the context you were talking about. If the Hughes amendment were repealed or the entire NFA scrapped, there definitely is a few collectors that would see the value of their full-auto collection drop significantly, I'm sure there's a few that would see the value drop by a million.

 

[Ken Ford]

I wish I could facepalm as I definitely had my mind on a different conversation entirely. For some reason, and. because I don't feel like going back 3 pages and figuring out where this started, I thought this was referring to something about Hughes Amendment being repealed, but still having machine guns on NFA.

Apologies, Ken, as you are right within the context that it was being presented. I've had too many conversations lately about NFA, Hughes Amendment, and BBB.

Hell man I’m probably confused as well.

But I was only referring to the removal of the tax, and someone’s remark that businesses would fight it because they would lose money.

Frankly there are so many moving parts to what should be simple, I have my doubts we get anything this time.

 

[palmettomoon]

Hell man I’m probably confused as well.

But I was only referring to the removal of the tax, and someone’s remark that businesses would fight it because they would lose money.

Frankly there are so many moving parts to what should be simple, I have my doubts we get anything this time.

Not businesses. Private owners. They'd see the value of their collections (of relatively modern machine guns) plummet within a week. Old, rare, out of production machine guns, assault rifles and subguns would hold a fair amount due to low supply.

 

[jonsmith6391]

Not businesses. Private owners. They'd see the value of their collections (of relatively modern machine guns) plummet within a week. Old, rare, out of production machine guns, assault rifles and subguns would hold a fair amount due to low supply.

Within the original context of the Hughes Amendment coupled with the tax repeal on the NFA, absolutely, and you are spot on as was the other gentleman I spoke with on here sometime earlier in this thread.

 

[jonsmith6391]

But I was only referring to the removal of the tax, and someone’s remark that businesses would fight it because they would lose money.

I did hear a rumor about some suppressor companies that would raise their prices, but I do know of one who I've bought 2 suppressors from that was NOT planning to raise prices if suppressors came off NFA, but mentioned a potential backlog would likely occur up to 6 months.

And frankly, you're right; how in the heck would they lose money? Heck, the $200 tax stamp repealing would get them MORE sales because that's $200 that one doesn't have to waste. I may even pick up two suppressors so that my 6.5 CM long rifle isn't lonely (current suppressor purchases are for my 5.7 SBR and AR-15/other rifle(s)).

Straight up, as much as I don't like the NFA paperwork, at least I have my stuff together to where it's not such a nightmare to go through the process.

 

[Ken Ford]

Not businesses. Private owners. They'd see the value of their collections (of relatively modern machine guns) plummet within a week. Old, rare, out of production machine guns, assault rifles and subguns would hold a fair amount due to low supply.

Is there even a proposal for this? I believe the one passed by the house was for suppressors and the senate wanted to ad the SBR.

But other that wishful discussion I don’t think this is even on the table.?

 

[Ken Ford]

I did hear a rumor about some suppressor companies that would raise their prices, but I do know of one who I've bought 2 suppressors from that was NOT planning to raise prices if suppressors came off NFA, but mentioned a potential backlog would likely occur up to 6 months.

And frankly, you're right; how in the heck would they lose money? Heck, the $200 tax stamp repealing would get them MORE sales because that's $200 that one doesn't have to waste. I may even pick up two suppressors so that my 6.5 CM long rifle isn't lonely (current suppressor purchases are for my 5.7 SBR and AR-15/other rifle(s)).

Straight up, as much as I don't like the NFA paperwork, at least I have my stuff together to where it's not such a nightmare to go through the process.

Hell I’d think they would have to, just to keep demand low at first.

 

[palmettomoon]

Is there even a proposal for this? I believe the one passed by the house was for suppressors and the senate wanted to ad the SBR.

But other that wishful discussion I don’t think this is even on the table.?

I'm 99% certain that you misunderstood the context and conversation related to complete deregulation of machineguns as "Title II arms" and the closing of the registry per the Hughes Amendment to the FOPA of 1986.

That precluded any new "civilian" ownership of newly manufactured machineguns.

Current collections could stand to lose a significant amount of value if civilians were able to buy and manufacturers produce/convert new machineguns.

The current amendment to the BBB sparked the conversation but others are talking about hypotheticals, i.e., repeal of the Hughes Amendment or elimination of the NFA altogether and the resultant impact on values.

Think of the drop in silver prices after the Comstock Lode was discovered in 1859.

 

[letusbuyyourcar]

That is also correct. I still remember when I joined here, there was a guy on ODT selling a full-auto Uzi for $8,000. That thing is easily worth 2-3 times that now.

I kick myself for not getting it when I could, though of course I a) couldn't afford it and b) would have had to wait eons for ATF approval.

When I used to go to gun shows in the mid 90s it was very common to see Stens and Mac10/11s on dealer tables for $1200.00 to $1500.00ish of course that was in 90s dollars. I believe the last Mac I saw listed here was around $10K or $12K.
While that would be a damn good return on your investment of you bought it in the 80s/90s.. it's also insane considering what you are getting as far as the actual firearm goes. I'm talking bent and stamped sheet metal with a minimum amount of actual machined parts involved. Nothing wrong with that. I kinda dig boxy ugly guns but let's be realistic. The law was the only reason it's worth more than it was when it was originally made and sold for a few hundred each.
Then you throw two hundred MORE on top of that AND be able to feed it.