Lot of misinformation rolling around out there regarding C&R's - a person would have to be a complete moron to actually get one of those stupid licenses.
That being said, allow me to quote liberally from ATF P 5300.11 [u]Firearms Curios or Relics List[/u] sent to me by the ATF last March:
[b]Page 6 [27 CFR 178.96 (c)(1)]
[i]A licensed collector is specifically authorized to sell a curio or relic shotgun or rifle to a nonlicensed resident of another State[/i] as long as 1.) The purchaser meets with the licensee in person at the licensee's premises to accomplish the transfer, sale, and delivery of the rifle or shotgun; and 2.) The sale, delivery, and receipt of the rifle or shotgun fully comply with the legal conditions of sale in both such states.[/b]
The bottom line here is it is legal to sell, transfer, and deliver the C&R rifle you've got in your book to a sucker in another state as long as the above conditions are met. May I suggest however, that you hold off doing so until you've got ahold of a copy of the latest C&R list ATF P 5300.11 3-2001 (from those swell folks at the ATF Distribution Center,703-455-7801), because this [i]exact[/i] question is asked in the FAQ section of this pub.
You'd find yourself in a pretty sad position if your legal defense was that some guy on the Internet named Dolomite said the transfer was cool.
(just doing what I can with what I got)