GUN Anyone with a 03 FFL buy and resell to fund their habit?

Discussion in 'On Topic' started by Buzz Killington, Jul 18, 2007.

  1. Buzz Killington

    Buzz Killington nunc fortunatus sum

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    The ATF definition of dealer is pretty loosey goosey and I think you'd have to be moving a bit of stuff in order to fall within the definition.

    Anyone ever buy 3 or 4 of something, keep one, peddle the rest for a small profit? How has it worked out?

    edit:

    ''A person who devotes time, attention and labor to dealing in firearms as a regular course of trade or business with the principle objective of livelihood and profit through the repetitive purchase and resale of firearms, but such a term shall not include a person who makes occasional sales, exchanges or purchases of firearms for the enhancement of a personal collection or for a hobby, or who sells all or part of his personal collection of firearms."
     
    Last edited: Jul 18, 2007
  2. t1h

    t1h Guest

    if you did it regularly i think it wouldn't be considered an occasional sale.

    that said, i've only bought a couple of things with my C&R (m1 garand and a hakim). i wouldn't try to sell any around here, gun/pawn shops/gun shows wouldn't give me what i paid for them, and i don't know anyone other then myself that lives near me that is interested in C&R firearms.
     
  3. Buzz Killington

    Buzz Killington nunc fortunatus sum

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    My curiosity is spiked because I put my Mosin on craigslist and got about a dozen inquiries in 24 hours, about a 1/3 of them being "I'll take it."

    If I buy in "small bulk" from AIM or SOG, say 3-4 of something, and resell them from time to time, I could probably cover the cost of the weapon I kept.
     
  4. soccaian

    soccaian New Member

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    go for it... :dunno:
     
  5. Buzz Killington

    Buzz Killington nunc fortunatus sum

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    Now, how do I explain this to my wife :o

    "Look, there is nothing wrong with getting multiple boxes of cosmoline-soaked military rifles at the same time..."
     
  6. t1h

    t1h Guest

    just make sure to keep your bound book records good. i guess you could always tell the ATF you bought 3-4, put the parts together to make the best looking and shooting rifle, and then sold the rest, if they ever came to check your bound book. i've never heard of a bound book being inspected by the ATF, but legally they can once a year.
     
  7. PanzerAce

    PanzerAce Active Member

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    buy her something nice with the money you make off the first batch?
     
  8. Buzz Killington

    Buzz Killington nunc fortunatus sum

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    I wonder if she'd like an RPK :x:
     
  9. Buzz Killington

    Buzz Killington nunc fortunatus sum

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    Details?

    C&Rs?

    Where'd you do the sales? Forums?



















    Nudes?
     
  10. spankaveli

    spankaveli OT Supporter

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    I guess by definition if you bought multiple C&Rs, resold a few and used that money to go back into guns & ammo, you'd be fine. :dunno:
     
  11. 01_Cruiser

    01_Cruiser An American Classic OT Supporter

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    I've been curious about this also, not really to make a profit, but to just buy 4-5 of the same guns, keep the best and sell the rest.
     
  12. Buzz Killington

    Buzz Killington nunc fortunatus sum

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    Also, I have an account with Century and some of their U-Fix-Ems have me curious.
     
  13. t1h

    t1h Guest

    i can't get registered with them even tho I sent them my C&F. i sign up and i get the we'll contact you in 24-72 hours and then i never hear back/get an email. wtf
     
  14. Buzz Killington

    Buzz Killington nunc fortunatus sum

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    :dunno: Call 'em?
     
  15. t1h

    t1h Guest

    not worth the trouble
     
  16. t1h

    t1h Guest

    false. you can sell with a C&R. you just can't be in the business of dealing in firearms.
     
  17. striker754

    striker754 Chillin

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    bad idea
     
  18. Buzz Killington

    Buzz Killington nunc fortunatus sum

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    So if I buy a junk Mosin for $40, fix it, and sell it for $100, the ATF could come after me?

    Somehow that does not seem to jive with what I understand about having a C&R.
     
  19. t1h

    t1h Guest

    no its not :ugh:
     
  20. KNYTE

    KNYTE I'm Not Kidding.

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    The reason it's worded vaguely is so that the ATF can decide how to deal with individuals on a case by case basis but still have "the law" on their side. When dealing with the ATF it's best to err on the side of safety in everything you do.
     
  21. t1h

    t1h Guest

    :werd: But in the C&R paperwork it does say you can make an occasional sale. you just can't make it your business or livelyhood. yes you can buy and sell occasionally for profit. no you can't buy 10 K98's and sell 9 of them and claim you pieced together the best one. but yes you should be able to buy a K98, then 6 months later, buy another one, and sell whichever one was more beat up.
     
  22. Buzz Killington

    Buzz Killington nunc fortunatus sum

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    I'm a lawyer, I can obfuscate and confuse them :mamoru:
     
  23. Buzz Killington

    Buzz Killington nunc fortunatus sum

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    I've argued with the Federal government about a lot bigger things, and I don't think they have the time or inclination to come after someone who a couple times a year picks up a few extra guns to sell as a hobby.
     

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