Did you know you may be able to own a Machine Gun? – Class III in the 21st Century

Thompson Machine Gun - Legal for Some Civilians

Ok this is the nearest to an “Investment Plug” I think the blog will ever do.

Not all that widely known is that a good many US Citizens may qualify for civilian ownership of a Machine Gun – a Thompson Submachine gun – Tommy Gun – an M-16 – or an UZI – or any one of hundreds of other machine guns.

While they own one they will also experience an increase in investment value caused by the strictly limited supply of legal machine guns.

This is nothing new.

Since the 1930’s the NFA (National Firearms Act) has laid out the rules for civilian ownership of machine guns.  The rules have been modified in the 1960’s & 1980’s but the basic structure remains.

After passing a background check and paying a $200 tax (for a stamp) a qualified US Citizen living in a location allowing private machine gun ownership may acquire the firearm.

Here is a good summary of the rules:

http://www.cs.cmu.edu/afs/cs.cmu.edu/user/wbardwel/public/nfalist/nfa_faq.txt – LINK DEAD 2/2/2011 – replacement link appears to be:

http://www.titleii.com/bardwell/nfa_faqhtml.html

(Also the ATF has their handbook on NFA online at http://www.atf.gov/publications/firearms/nfa-handbook/ )

With the number of “Fully Transferable” Class III Machine Guns capped at less than 300,000 pieces the values of these firearms has increased dramatically over the years.

Current pricing is starter Class III (Mac-10 type Machine Gun) currently is in the $3,000 range, having been a $800 gun just five or years ago.

A “fine” machine gun (M-16 or Thompson) range from $10,000 to $40,000.

The nuances of Class III ownership are beyond this short piece, but it is one of those rare occasions when something is Fun, is Investment Grade and so tightly regulated by the Government that there is zero chance of a sudden flood of legal product diluting one’s investment.

Now if we could only find a way to make such stellar investments in the Amateur Radio hobby as well!

73

Steve
K9ZW

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