$6000.00 to invest in a SAA
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Thread: $6000.00 to invest in a SAA

  1. #41
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    Quote Originally Posted by sumthin_nu View Post
    Make sure you look me up at Waco!
    Jim
    Jim, do you have a table? How will I find you?
    sumthin_nu likes this.

  2. #42
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    I think of gun purchases as expenditures, not investments.

    If you are buying guns as an "investment," to make money, doesn't that make you are gun dealer according the ATFE, only without the mandatory FFL for gun selling businesses?
    bighipiron and Bigl1911 like this.
    A lawyer, but NOT YOUR LAWYER.

  3. #43
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    Quote Originally Posted by Rick View Post
    Jim, do you have a table? How will I find you?
    I'll point him out to you Rick.....he was sitting with me at the Louisville CCA show a couple of years back when I saw you there.
    sumthin_nu likes this.
    Always interested in adding nice, original or interesting pre 1940 single actions to my private collection. Contact me via PM.

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  5. #44
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    Quote Originally Posted by coltsixguns View Post
    I'll point him out to you Rick.....he was sitting with me at the Louisville CCA show a couple of years back when I saw you there.
    Good! Thx! Didn't know you were going Jimmy.

  6. #45
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    Quote Originally Posted by Rick View Post
    Good! Thx! Didn't know you were going Jimmy.
    I've been a lifetime member for several years. The TGCA show is one I won't miss in the spring and fall each year if I'm breathing.
    sumthin_nu and Rick like this.
    Always interested in adding nice, original or interesting pre 1940 single actions to my private collection. Contact me via PM.

  7. #46
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    Thanks, Jimmy!

    I was going to tell Rick to stop at the check in and ask for Jim from Arkansas knowing that that'd get him to either you or I!
    coltsixguns and Rick like this.
    sumthin_nu

  8. #47
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    Quote Originally Posted by Collects View Post
    I think of gun purchases as expenditures, not investments.

    If you are buying guns as an "investment," to make money, doesn't that make you are gun dealer according the ATFE, only without the mandatory FFL for gun selling businesses?
    As is the case with so many things it is about interpretation and intent. I don't believe the BATF cares is we as firearm owners buy for the purpose of investment. They do care if we buy with the intent of making a profit. The interpretation of these two things are different IMO. For example, I find a 1911 for $2000 and I know a guy who will pay $4000 for the same gun. If this is my reason for buying, specifically selling to the 2nd party you better have an FFL 01. Let's take this one step further. If I buy the same gun for my collection and in two years I am done with it and want to reinvest of just get rid of the pistol because I am am tired of it - this is I believe well within ATF guidelines. The way it was explained to me by the powers that be, in order to avoid problems buy your firearm and keep it for two years before selling as a C/R holder. I believe the same applies to all gun owners.
    Last edited by Bigl1911; 04-03-2019 at 03:24 PM.
    Collects likes this.

  9. #48
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    ACTUALLY, the ATF doesn't care if you legally buy and sell guns all day - unless it is every day - just don't go overboard or you might get a visit! They are looking at intent and if you aren't buying and selling guns as a business, i.e., trying to make a living, they really don't care. If you are, get an FFL. They make the business verses collecting entity pretty clear when distinguishing between a FFL 01 (dealer) and a FFL 03 (C&R) - check their website.

  10. #49
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    Oh my, I believe that is the nicest Artillery I have ever seen (the one referenced earlier), assuming it is legit. Would need a letter for sure. Think I'll sell some Shilohs.....

    Just now saw the other thread about that gun...
    Last edited by everetto; 04-04-2019 at 04:05 PM.

  11. #50
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    Folks, please pardon my ignorance but what exactly is a "Kopec" gun or Kopec letter?


 
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