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Old 05-05-2007, 07:37 PM   #6
troylaplante
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Join Date: Nov 2004
Location: Selma, NC
Posts: 2,223
Quote:
Originally Posted by Uncle Red View Post
Since I have an 03 FFL and not an 01 FFL, I won’t be buying and selling for profit. Not legal, you know.
That, however, does NOT preclude you from adding to your collection, then selling a piece from your collection. You ARE allowed to sell anything you own, just not as a business. There is a difference between building a collection for an investment and running a business. The BATFE does recognize that concept. Just because you have an 03 FFL does not mean you can't sell off some of your collection. That is how I have added to my own collection, by picking up what other crufflers have been selling off. Your guns are your personal property and you are allowed to dispose of them besides just obtaining them. It is understood, especially, that a collector would get rid of an older, less desirable piece to obtain a better, more valuable item.
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