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Thread: M16 Retirement Plan

  1. #11
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    I can't remember which MAC maker it was who went bankrupt in IIRC the late 70's, they built a lot of MAC 10 and 11's for export and then the State Department refused the export license. But at the Houston Collectors Show several dealers had whole islands of like ten tables of MAC's of all types all at one price $75 so $275 with the tax stamp. I was sorely tempted but passed and just as well as if I had bought one it would have been a .45 as I didn't think much of 9 MM back in those days.
    “The Trump Doctrine is ‘We’re America, Bitch.’ That’s the Trump Doctrine.”

    "He is free to evade reality, he is free to unfocus his mind and stumble blindly down any road he pleases, but not free to avoid the abyss he refuses to see."

  2. #12
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    Quote Originally Posted by mack7.62 View Post
    I can't remember which MAC maker it was who went bankrupt in IIRC the late 70's, they built a lot of MAC 10 and 11's for export and then the State Department refused the export license. But at the Houston Collectors Show several dealers had whole islands of like ten tables of MAC's of all types all at one price $75 so $275 with the tax stamp. I was sorely tempted but passed and just as well as if I had bought one it would have been a .45 as I didn't think much of 9 MM back in those days.
    Back then the 9mm mags (zytel I think) were absolute crap. The original M10 was the only option. Ingram / Military Armaments Corp was the original manufacturer.
    It's hard to be a ACLU hating, philosophically Libertarian, socially liberal, fiscally conservative, scientifically grounded, agnostic, porn admiring gun owner who believes in self determination.

    Chuck, we miss ya man.

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  3. #13
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    Quote Originally Posted by The_War_Wagon View Post
    I was contemplating a Class III Mac Ingram in 9mm in the early '90's (JUST to say I owned something "full-auto"). With tax stamp, it would've been around $900 +/-

    I could've traded it for a late model car today!
    M10s remained an entry level NFA item until Lage uppers came out and offered a practical upgrade for the platform to run optics and other accessories.
    It's hard to be a ACLU hating, philosophically Libertarian, socially liberal, fiscally conservative, scientifically grounded, agnostic, porn admiring gun owner who believes in self determination.

    Chuck, we miss ya man.

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  4. #14
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    Quote Originally Posted by SteyrAUG View Post
    Stock and gold went up and down during the interval. NFA stuff tends to only go in one direction. And that Daytona Spyder requires a very specific buyer who is willing to pay the ask price and has the money.
    Of course you're right, but this thread seems to be dealing in hindsight...."if only I knew then what I know now".

    I really haven't kept up with the price of machine guns. Have the prices been increasing in a big way from year to year or has it been just recently they have soared?

  5. #15
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    Fifteen Fleming auto sears on a necklace. If transferable, worth about $400K worth now.
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    "Jill, if there's ever a problem, just walk out on the balcony ... take that double-barrel shotgun and fire two blasts outside the house,.." VP Joe Biden Feb 19, 2013

  6. #16
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    Quote Originally Posted by Ready.Fire.Aim View Post
    Fifteen Fleming auto sears on a necklace. If transferable, worth about $400K worth now.
    Honestly, if you could go back that's where the money is - if manufactured those suckers as an SOT before '86.
    - Rhino

  7. #17
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    Quote Originally Posted by TomMcC View Post
    Of course you're right, but this thread seems to be dealing in hindsight...."if only I knew then what I know now".

    I really haven't kept up with the price of machine guns. Have the prices been increasing in a big way from year to year or has it been just recently they have soared?
    They made a couple big leaps in the last 20 years but the most important thing is prices never really go down. That's what makes them different from stock, gold and most other investments. There is a finite number that is exceeded by demand and every year that finite number gets a bit smaller from accidental destruction, confiscation or something else.

    There was a big deal NFA dealer named J. Curtiss Earl who passed away a few years ago and his collection became a museum. That meant literally hundreds of transferable machine guns, some very, very rare, suddenly were effectively removed from the NFA registry as no private citizen will ever own any of them ever again.

    There was another even worse incident where a large inventory NFA dealer died and his wife called ATF and said "come get them." Didn't matter to her that she was literally turning over millions of dollars, she hated guns and already was getting a few million dollars.

    Then there are dealers who have stuff where only a dozen known examples exist on the registry and they will never sell them in their lifetime and there is a good chance the items will never be Form 5 transferred when they pass away.

    Give it a couple more generations and owning an actual M-16 will be more unusual and expensive than a new Ferrari.
    It's hard to be a ACLU hating, philosophically Libertarian, socially liberal, fiscally conservative, scientifically grounded, agnostic, porn admiring gun owner who believes in self determination.

    Chuck, we miss ya man.

    كافر

  8. #18
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    I just want a Stoner 63 and I consider it institutionalized racism and a violation of my civil rights that I can't have one.

  9. #19
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    Quote Originally Posted by SteyrAUG View Post
    They made a couple big leaps in the last 20 years but the most important thing is prices never really go down. That's what makes them different from stock, gold and most other investments. There is a finite number that is exceeded by demand and every year that finite number gets a bit smaller from accidental destruction, confiscation or something else.

    There was a big deal NFA dealer named J. Curtiss Earl who passed away a few years ago and his collection became a museum. That meant literally hundreds of transferable machine guns, some very, very rare, suddenly were effectively removed from the NFA registry as no private citizen will ever own any of them ever again.

    There was another even worse incident where a large inventory NFA dealer died and his wife called ATF and said "come get them." Didn't matter to her that she was literally turning over millions of dollars, she hated guns and already was getting a few million dollars.

    Then there are dealers who have stuff where only a dozen known examples exist on the registry and they will never sell them in their lifetime and there is a good chance the items will never be Form 5 transferred when they pass away.

    Give it a couple more generations and owning an actual M-16 will be more unusual and expensive than a new Ferrari.
    Anyone who owns a transferable should have a trust and a plan on who will inherit it after they die, it’s disgusting to think of these examples you just listed.

  10. #20
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    Here are a couple of pre/post ban prices I pulled off old price lists for M16A1's and 2's.

    Michael Lester 4/20/85

    M16A1 rifle exc 6 ea $795
    M16A1 carbine NIB 1 ea $1075
    M16A2 rifle NIB 2 ea $1190 (1 carbine 2 Commando)
    M16A2 carbine NIB 3 ea $1375

    Automatic Weaponry 01/24/1989

    M16A1 rifle mint $1950
    M16A1 carbine exc $3320 (XM177E2 w/suppressor)
    M16A2 rifle NIB $3120
    M16A2 carbine/Commando NIB $3120
    Last edited by mack7.62; 09-16-19 at 10:51.
    “The Trump Doctrine is ‘We’re America, Bitch.’ That’s the Trump Doctrine.”

    "He is free to evade reality, he is free to unfocus his mind and stumble blindly down any road he pleases, but not free to avoid the abyss he refuses to see."

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