Buy & sell w/ C&R

Bill_in_VA · 05-13-2017, 06:29 AM

It's no big deal. Your A&D book has the numbers of acquisitions/purchases and dispositions/sales.

It's perfectly legal for a C&R licensee to buy and and seLl; the sticking point is whether you do it as an occasional thing to enhance your personal collection, or if you do it with the principle "intention of livelihood and profit." If the later, then you're "in the business" according to 18USC 921(a)(21) and (22) and thus need a Type 01 (dealer) FFL.

05-13-2017, 06:29 AM	#1
Bill_in_VA User Join Date: Nov 2013 Location: Southwest Virginia Posts: 391 Thanks: 802 Thanked 583 Times in 211 Posts	It's no big deal. Your A&D book has the numbers of acquisitions/purchases and dispositions/sales. It's perfectly legal for a C&R licensee to buy and and seLl; the sticking point is whether you do it as an occasional thing to enhance your personal collection, or if you do it with the principle "intention of livelihood and profit." If the later, then you're "in the business" according to 18USC 921(a)(21) and (22) and thus need a Type 01 (dealer) FFL. __________________ John 8:32 reive (riːv) vb (Military) (intr) dialect Scot and Northern English to go on a plundering raid [variant of reave] ˈreiver n e.g., " Some view the Border Reivers as loveable rogues."