Quote:
Originally Posted by DonVoigt
Alvin,
if I read your post correctly, you already have plans to sell the pistols you have not yet received, as
You say "this year" and even If you store them longer the intent is to make profit?
You do know that buying and selling firearms for profit and with the intent to sell- not collect - requires a FFL, as you are acting as a "dealer in firearms".
I would not want you to run afoul of the Feds!  |
Who defined collectors must hold items for life time, and then let widows selling them at deep discount?
The intention is investment. The selling timing depends on market demand. However, too many of these have been dumped to market recently, I guess selling them in near future won't bring me good returns. Market recovery from this dumping needs time. No problem, I have time. In this period of years, I can enjoy looking at them. Currently, 15-month CD APY is 1.75%, $3000 generates only $52.50 per year. Put a small portion of your savings into C&R is not a bad choice.