Warning

 

Close

Confirm Action

Are you sure you wish to do this?

Confirm Cancel
BCM
User Panel

Site Notices
Posted: 8/13/2007 1:50:44 PM EDT
Just like a one-time thing. You happen to find a really good deal, buy it, and then sell it for a profit.

Legal?
Link Posted: 8/13/2007 1:52:03 PM EDT
[#1]
Yes

Unless it is an AR-70
Link Posted: 8/13/2007 1:52:29 PM EDT
[#2]
No. You have to take at least a 50% loss.

Completely unrelated, but I'm currently paying $800 for near-mint Beretta AR-70s. Just so you know.
Link Posted: 8/13/2007 1:52:55 PM EDT
[#3]
Whilst some people on EE act as if selling a gun at a profit is one of the most nefarious crimes amongst men, it is legal to sell a gun at a profit. Just as long as it is a legal sale (not a straw purchase, ect), it's good to go.
Link Posted: 8/13/2007 1:56:33 PM EDT
[#4]
Now what ever made you think I would be refering to an AR70?
Link Posted: 8/13/2007 1:57:06 PM EDT
[#5]
Ever heard of GunBroker?
Link Posted: 8/13/2007 1:57:56 PM EDT
[#6]
BATFE will activate the microphone on your cell phone.
Link Posted: 8/13/2007 1:58:52 PM EDT
[#7]

Quoted:
Just like a one-time thing. You happen to find a really good deal, buy it, and then sell it for a profit.

Legal?


Once you own it, you can sell it for a profit.

You simply cannot make a "business" of doing this without running afoul of BATFE regs.

Selling an occasional gun is no big deal.

Selling 100 guns a month = a nice chat with the BATFE.

Link Posted: 8/13/2007 1:59:29 PM EDT
[#8]
As long as you aren't doing it for your livelihood a la a C&R FFL being used as a business.
Link Posted: 8/13/2007 2:02:08 PM EDT
[#9]
I suppose if the intention was not to buy the gun specifically for selling for profit.

Then again, ATF has been rumored to watch a guy buy a gun, offer him more for it, then bust him for "dealing without a license".
Link Posted: 8/13/2007 2:17:04 PM EDT
[#10]
Every time I buy a used gun, for some reason I can't sell it.
Close Join Our Mail List to Stay Up To Date! Win a FREE Membership!

Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!

You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.


By signing up you agree to our User Agreement. *Must have a registered ARFCOM account to win.
Top Top