Armory Sponsor
Posted: 2/28/2009 4:54:11 PM EDT
| Is it possible to own an M4LE marked lower receivere without going through the NFA process? There is a Colt dealer in my area selling them. He said they have been deregistered. I wasn't aware you could deregister an NFA item. |
| Oh yeah. There are a couple of dealers that do this. They get 6921's which are just SBR's, take the barrel off, sell that for $1000k plus, notify the ATF that they would like the s/n of the SBR removed from the registery, and as soon as they get the paperwork back, they can sell it like any normal title one gun. For $700-$900. Make a nice little profit off a $1300 gun. |
|
Quoted:
Is it possible to own an M4LE marked lower receivere without going through the NFA process? There is a Colt dealer in my area selling them. He said they have been deregistered. I wasn't aware you could deregister an NFA item. "Deregister" is not correct. Instead, with an SBR, SBS, AOW or DD, you can notify BATFE that the firearm has been returned to Title 1 configuration, and the NFA Registry will be amended to reflect the change. At that point onward, the firearm is legally a Title 1 firearm and can be bought and sold like any other non-NFA firearm, but the entry remains in the NFA Registry forever. If a subsequent owner wishes to return them to NFA status, they must file a Form 1 and pay the $200 "making" tax again. Note that the above cannot be done for MGs or suppressors: They must be destroyed via legal demilling procedures. They cannot be returned to Title 1 status because they never were Title 1 firearms in the first place. |
|
Quoted:
Note that the above cannot be done for MGs or suppressors: They must be destroyed via legal demilling procedures. They cannot be returned to Title 1 status because they never were Title 1 firearms in the first place. A machine gun could have been a title I firearm in the first place and later converted to a machine gun. It's just ATF policy not to allow returning a machine gun back into title I. |
|
Quoted:
Quoted:
Note that the above cannot be done for MGs or suppressors: They must be destroyed via legal demilling procedures. They cannot be returned to Title 1 status because they never were Title 1 firearms in the first place. A machine gun could have been a title I firearm in the first place and later converted to a machine gun. It's just ATF policy not to allow returning a machine gun back into title I. "once a machinegun .. always a machinegun" 
|
|
Quoted:
I assume that a lower from an LE6920 (16.1" barrel) is not an NFA registered SBR. If so, it would be a lot easier to sell a lower from an LE6920 than return a lower from a LE6921 to Title I status and sell it. Easier, but not nearly as profitable. 6920's are in short supply and both distributor and retail prices have gone through the roof; 6921's, because they are NFA, appeal to a smaller market, and due to that reduced demand are much easier to find at pre-election-frenzy prices. At the same time, a new factory milspec 14.5" M4 upper can be sold for more than a new 16.1" upper. Bottom line: An FFL can make about $500 additional per-gun profit by buying and breaking up 6921's instead of 6920's. It does require more paperwork –– notifying BATFE –– but money is money. 
|
Armory Sponsor