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Thread: M16 Auction holy shat Batman

  1. #1
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    M16 Auction holy shat Batman

    Colt XM16E1 just sold for $52,800!

    https://www.gunbroker.com/item/907129402

    Colt M16A1 went for $32,924.83

    https://www.gunbroker.com/item/907129295
    “The Trump Doctrine is ‘We’re America, Bitch.’ That’s the Trump Doctrine.”

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  2. #2
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    Wow. Epitome of more money than brains.
    "What would a $2,000 Geissele Super Duty do that a $500 PSA door buster on Black Friday couldn't do?" - Stopsign32v

  3. #3
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    Quote Originally Posted by mack7.62 View Post
    Colt XM16E1 just sold for $52,800!

    https://www.gunbroker.com/item/907129402

    Colt M16A1 went for $32,924.83

    https://www.gunbroker.com/item/907129295
    First one is an all original 603, second one has been reconfigured with aftermarket doo dads.

    Also bit of a difference between an XME1 and an A1.
    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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    Collector value.

    Man you could pay one hundred years of $500 SOT to make your own machine guns for that much.


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    Quote Originally Posted by mig1nc View Post
    Collector value.

    Man you could pay one hundred years of $500 SOT to make your own machine guns for that much.


    Sent from my iPhone using Tapatalk
    Wouldn't you need a letter from a PD or something to make one? Surely it can't be as easy as just becoming an SOT cause I would send in the application tomorrow.
    I am part of that power which eternally wills evil, and eternally works good.

  6. #6
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    Quote Originally Posted by Alex V View Post
    Wouldn't you need a letter from a PD or something to make one? Surely it can't be as easy as just becoming an SOT cause I would send in the application tomorrow.
    07 FFL (Manufacturer) plus SOT. But all machine guns would be post samples. And yeah, once you've satisfied that you can start drilling sear holes in semi lowers and stuff like that. But none if it will be transferable.
    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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  7. #7
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    Quote Originally Posted by SteyrAUG View Post
    07 FFL (Manufacturer) plus SOT. But all machine guns would be post samples. And yeah, once you've satisfied that you can start drilling sear holes in semi lowers and stuff like that. But none if it will be transferable.
    Wait... So if I get apply and get approved to be a 07 and SOT I can make machineguns for myself without a PD letter?
    I am part of that power which eternally wills evil, and eternally works good.

  8. #8
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    Quote Originally Posted by Alex V View Post
    Wait... So if I get apply and get approved to be a 07 and SOT I can make machineguns for myself without a PD letter?
    Yes. Keep in mind you will also need to comply with ITAR and you have to be a legit FFL and not just a hobby license. BUT you can make posties until your heart is content, especially R&D guns.

    You can also register conversion parts like lighting links to run your semi's and HK trigger groups to run those semi imports. That way the entire firearm doesn't constitute a post sample machine gun and you can return them to legal semi auto at any time and only the conversion parts remain post sample machine guns.

    If AK parts kits were still flooding the market you could build those onto a "whatever receiver" and make them select fire.

    As a 07/SOT you would also be a default NFA dealer and could buy / sell transferable's as well and engage in LE sales of post samples.

    You can also generally buy factory post samples from other 07/SOT inventories usually without a PD letter. It is 01/FFLs such as myself who have to jump through that extra hoop to obtain post sample machine guns.

    I thought about switching to an 07 but I don't do enough NFA sales to justify having to satisfy ITAR requirements even though I don't do any exports. It does limit quite a bit of the gunsmithing I used to be able to engage in with just a 01/SOT but the market is pretty thin. Most people home repair their own firearms anymore (even NFA stuff) and go to YT university for most things.

    If it's something they can't do in their garage, generally they won't be willing to pay a lot of money to do it anyway. 20 years ago, so long as I began with a completed receiver I used to be able to do builds as an ordinary 01 FFL / Gunsmith. Now if I take a Rem 700 and drop it in a McMillan stock and add a scope, ATF considers that manufacturing and required me to engrave the firearm as the "manufacturer" even though I didn't actually build anything.

    I know some 07s who have knocked out some genius level home build suppressors but they aren't set up for mass production so they barely sell enough to offset their annual cost of being a 07/SOT.

    But if you do it as some kind of "add on" business associated with something like a hardware store which shares space and operating costs but provides the extra income stream it can be pretty cost effective.

    In Florida I knew a guy who had his 07/SOT sharing space with his car repair shop and there was some commonality on tooling and such. He did pretty good. XYZ Auto repairs was on one side of the wall and ABC Firearms was on the other side with a common office in between.

    You are in NC so I don't imagine code and zoning would be particularly prohibitive. I can walk you through the process if you are actually interested. I've probably helped a dozen guys pull FFLs / SOTs over the years including the guy who runs Uzitalk.

    Basically you need a legit business plan (something more than I want to make machine guns) and hopefully a sound business model that will actually generate revenue. You will also probably need to make it your day job because if you put in 40 hours working someplace else and make squirt guns on the weekend that may not satisfy ATFs "engaged in business for profit" requirement.
    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

  9. #9
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    Quote Originally Posted by SteyrAUG View Post
    Yes. Keep in mind you will also need to comply with ITAR and you have to be a legit FFL and not just a hobby license. BUT you can make posties until your heart is content, especially R&D guns.

    You can also register conversion parts like lighting links to run your semi's and HK trigger groups to run those semi imports. That way the entire firearm doesn't constitute a post sample machine gun and you can return them to legal semi auto at any time and only the conversion parts remain post sample machine guns.

    If AK parts kits were still flooding the market you could build those onto a "whatever receiver" and make them select fire.

    As a 07/SOT you would also be a default NFA dealer and could buy / sell transferable's as well and engage in LE sales of post samples.

    You can also generally buy factory post samples from other 07/SOT inventories usually without a PD letter. It is 01/FFLs such as myself who have to jump through that extra hoop to obtain post sample machine guns.

    I thought about switching to an 07 but I don't do enough NFA sales to justify having to satisfy ITAR requirements even though I don't do any exports. It does limit quite a bit of the gunsmithing I used to be able to engage in with just a 01/SOT but the market is pretty thin. Most people home repair their own firearms anymore (even NFA stuff) and go to YT university for most things.

    If it's something they can't do in their garage, generally they won't be willing to pay a lot of money to do it anyway. 20 years ago, so long as I began with a completed receiver I used to be able to do builds as an ordinary 01 FFL / Gunsmith. Now if I take a Rem 700 and drop it in a McMillan stock and add a scope, ATF considers that manufacturing and required me to engrave the firearm as the "manufacturer" even though I didn't actually build anything.

    I know some 07s who have knocked out some genius level home build suppressors but they aren't set up for mass production so they barely sell enough to offset their annual cost of being a 07/SOT.

    But if you do it as some kind of "add on" business associated with something like a hardware store which shares space and operating costs but provides the extra income stream it can be pretty cost effective.

    In Florida I knew a guy who had his 07/SOT sharing space with his car repair shop and there was some commonality on tooling and such. He did pretty good. XYZ Auto repairs was on one side of the wall and ABC Firearms was on the other side with a common office in between.

    You are in NC so I don't imagine code and zoning would be particularly prohibitive. I can walk you through the process if you are actually interested. I've probably helped a dozen guys pull FFLs / SOTs over the years including the guy who runs Uzitalk.

    Basically you need a legit business plan (something more than I want to make machine guns) and hopefully a sound business model that will actually generate revenue. You will also probably need to make it your day job because if you put in 40 hours working someplace else and make squirt guns on the weekend that may not satisfy ATFs "engaged in business for profit" requirement.
    Amazing info as always Steyr.

    Currently I am still working for the company I worked for in NJ, just "remote" from my home so it may be possible to say I am running an FFL from the same premises? Might just be hitting you up in the DMs. It's very interesting.

    Okay, enough off topic discussions on here.

    Thank you!!!!
    I am part of that power which eternally wills evil, and eternally works good.

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