Essential, actually.
I could pull out old receipts proving I owned a gun back in 1980 or whenever and claim it was stolen from me if I saw it re emerge. People tend to forget that thousands of guns were sold face to face at shows or between neighbors, etc. with no paper trail. New laws have made this more difficult but it still occurs in the more rural states and it is legal.
A police report would be your only recourse in a case like this.
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