That's a good question which has probably never been adequately answered. My spin is that the C&R license allows you to buy and sell for your own collection, but not to allow for the business of selling C&R guns. I think that you can safely sell off your own guns, but if you start "flipping" guns for profit, you would be in violation. Seems like having held them for a while plays into it.
Just my $.02, but it would be interesting to hear the BATF's take on it.
dju
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