If that is a fully transferable m-16 it will bring upwards of $10,000 at auction . The nfa regestry on full auto is closed , that means NO replacement machineguns ( as defined by atf ) or recievers ( when they are worn beyond repair you must dispose of them and prove it to atf )for civillians. with that in mind the pool of anything full auto has gone crazyer than the prices of semi millitairy style rifles did under the rifle ban of recient years.
Wow! He expects it to bring $1700? The Class III values I just checked were from $15-$25K for an M-16.
Rod I speculated upwards of 10 k since I dont know the source , nor the abuse the rifle has had , if the pins have walked enough to egg the holes and crap like that must be fixed 10 is about right . You have to remember tho that some want a true 16 , and some would rather have a dias ( drop in auto sear ) since it can go in many host rifles easily , and once you screw up a 16 lower bad your basicly done . The truely broke folks who just have to have fa in the ar platform go for the lightning links lol .
Don't they sell cars at auctions too?Quote:
"The fact that a law enforcement agency is selling a dangerous weapon is appalling," said Shikha Hamilton, president of the Michigan chapter of the Million Mom March, a gun control group.
That quote of 1700 does seem awfully low, prolly get more for it now that it is on the news and people know about it.
Buck , it depends on how ( what forms they bought it under ) they did it , if it is another " dealer " 16 well then imho its high. If its transferable to us peons then its vastly low . Le could get full auto a variaty of ways depending on the paperwork . Some can now be xfered to you and me , some cannot , instead only to a dealer or other LE . Since i dont know which set of hoops the dept. jumped thro to get the full auto in the first place well value is still undecided .
This should clear this up.
I had an AR in 1969 issued to me in Vietnam with select fire. Steve48
That's sad that the local PD has to sell off its CT weapons to get new equipment. Shame on the local budgetary committee.
<< was issued a fully auto armilite ar 15 , it said xm177E2 on it lol , not a bad point gun for raids.
I also saw this article today on Fox News website, and wondered why the sale of one used rifle by a small police department was national news. Evidently Fox has no idea how many used handguns, rifles and shotguns are sold every year by LE agencies to finance the purchase of new equipment. I would guess there are tens of thousands of such guns each year, and they eventually are purchased by US gunowners. Sometimes they go back to the manufacturer for reconditioning, but eventually they go to the used gun market.
I was also amused by the whining of the "Million Mom March" spokesperson about how that deadly machine gun would be "on the streets" mowing down little children. I don't believe there has ever been a recorded US case of a legally owned civilian automatic weapon being used in a crime.
Maybe it was a slow news day or something.
I wonder if I could get it for a "buy it now" price of 2k?