What is the market value of an immaculate, slightly used, no box, M70 Classic Super Express with a SN in the G26xxx range? I found one pretty cheap, but don't know if $850 is cheap enough to make money on a flip. Thanks

you might get a grand for it, imho...

Trading in the sale of rifles, "flipping" no less.

So in a previous life did you captain a slave ship?

quote:

Originally posted by Ray B:
Trading in the sale of rifles, "flipping" no less.

So in a previous life did you captain a slave ship?

I'm trying to finance a custom revolver. Gotta' do what I gotta' do!

I thing the $850 is a fair price and with no room to make anything extra

Full retail on a 2nd hand one is about $950-1250.

A retailer would probably give you $600-750 it if they were going to buy it.

A new one is about $1100-1450 depending on where you look.

Although the odds of getting caught approach zero, by my understanding of the letter of the law, buying a firearm with the sole intent of reselling it would necessitate a FFL.

quote:

Originally posted by Duckear:
...buying a firearm with the sole intent of reselling it would necessitate a FFL.

I bought it to use it, then changed my mind!

quote:

Originally posted by montea6b:

quote:

Originally posted by Duckear:
...buying a firearm with the sole intent of reselling it would necessitate a FFL.

I bought it to use it, then changed my mind!

"To thine own self be true"

quote:

Originally posted by Duckear:

"To thine own self be true"

Good point, we measure integrity by what we do when nobody is looking.

However, since you mentioned intent, I am going to put on my sea-lawyer hat…

If you plan to regularly seek out underpriced used firearms with the intent of buying them for resale at a profit in order to supplement your income I would agree that an FFL is a reasonable requirement for doing business. But I don’t think the intent of having an FFL is to prevent an individual private citizen who comes across a random good deal from flipping it on Gunbroker.

If that were government’s intent then every garage sale find that gets put up for bid on ebay would require a business license... Impossible to police, and a big time overreach.

You can correct me if I’m wrong, but if you feel differently, do you have the actual language in the regulation you can quote here? I would be interested in seeing the actual wording…

P.S. Ray B, what is with the "slave ship" comment?!

quote:

Originally posted by Duckear:
Although the odds of getting caught approach zero, by my understanding of the letter of the law, buying a firearm with the sole intent of reselling it would necessitate a FFL.

In the state of Colorado, where I live, all private sales must be handled through an FFL. My local dealer charges $15 for transfers. The state also charges $7, or so. If you want to bring a gun in to a gunshow and peddle it, sales to private individuals can be handles for about the same cost. No laws broken, so long as the guvment gets their nose in on it. While I have tremendous contempt for most all gun laws, I try to avoid any conduct that will get me thrown in the pokey. I've flipped many over the years, and don't believe I've ever done anything legally wrong, not that I need to justify my actions to you.

that's a pretty fair approximation of gun registration...

Wow Colorado Matt looks like the internet
"Po-lease" are riding you on this one!.
I understood what you meant.
I buy every rifle with the intent of keeping them the rest of my natural born days however I sometimes quickly fall out of love with them
( much like my relationships) and end up peddling them and hopefully I make a profit on them.
If that bothers anyone you should mind your own damn business and leave enforcing firearms laws to the professionals.

quote:

Originally posted by Snellstrom:
Wow Colorado Matt looks like the internet
"Po-lease" are riding you on this one!.
I understood what you meant.
I buy every rifle with the intent of keeping them the rest of my natural born days however I sometimes quickly fall out of love with them
( much like my relationships) and end up peddling them and hopefully I make a profit on them.
If that bothers anyone you should mind your own damn business and leave enforcing firearms laws to the professionals.

Well said! I second that!

My intent was not for you to justify yourself to me or anyone else. Just a friendly mention that what you contemplated on a public forum is most likely illegal. Everybody has and is entitled to a different tolerance for risk.

https://www.atf.gov/file/100871/download

Heck, there was a case I read recently where the moderator of a gun board was investigated for dealing without an FFL. He arranged a 'group buy', took the money, took a small profit, sent the funds to the dealer, who shipped the firearm to the local FFLs for each buyer. The guy never touched the weapon, but was still given grief by the BATF (who aren't your friend BTW).

quote:

Originally posted by Snellstrom:
Wow Colorado Matt looks like the internet
"Po-lease" are riding you on this one!.
I understood what you meant.
I buy every rifle with the intent of keeping them the rest of my natural born days however I sometimes quickly fall out of love with them
( much like my relationships) and end up peddling them and hopefully I make a profit on them.
If that bothers anyone you should mind your own damn business and leave enforcing firearms laws to the professionals.

LOL

Your post reminds me of the guy I told at a stoplight his gas cap was laying on the trunk of his car. He flipped me off and rolled his window back up, thinking I was just f'ing with him. Oh well.

There is big difference in trying to save someone a bit of grief with a simple word vs getting all up in their business. I guess some folks' ego can't let them differentiate between the two.

quote:

Originally posted by Duckear:

quote:

Originally posted by Snellstrom:
Wow Colorado Matt looks like the internet
"Po-lease" are riding you on this one!.
I understood what you meant.
I buy every rifle with the intent of keeping them the rest of my natural born days however I sometimes quickly fall out of love with them
( much like my relationship
s) and end up peddling them and hopefully I make a profit on them.
If that bothers anyone you should mind your own damn business and leave enforcing firearms laws to the professionals.

LOL



There is big difference in trying to save someone a bit of grief with a simple word vs getting all up in their business. I guess some folks' ego can't let them differentiate between the two.

If that were true then why did you throw this barb?
"To thine own self be true"
Just being helpful I know.

quote:

Originally posted by Snellstrom:
If that were true then why did you throw this barb?
"To thine own self be true"

This comment was directed at me due to my somewhat tongue-in-cheek way of implying that there is no way to determine intent at the time of purchase WRT keeping for personal use or reselling at some later time. I did not take it as a barb.