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50K for an M16?


themick
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Typical case of over embellishment for shock value, or a case of dealer taking advantage of pro NBA'er who doesn't care because he makes lots of money. Either way, glad it was recovered. Keep your s..t locked up. As Gunny said, "if it weren't for d... heads like you, we wouldn't have thieves in this world"

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Not so fast... a legally transferable full auto M16 could be north of 30k depending what it is and who is buying and selling it, add on a grand or two for a high end suppressor, a fancy sight or scope, and whatever tacticool gadgets the dealer talked him in to, plus the premiums they charged him because they knew he had the $$$, and you could probably get reasonably close to 40k or more.

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Not so fast... a legally transferable full auto M16 could be north of 30k depending what it is and who is buying and selling it, add on a grand or two for a high end suppressor, a fancy sight or scope, and whatever tacticool gadgets the dealer talked him in to, plus the premiums they charged him because they knew he had the $$$, and you could probably get reasonably close to 40k or more.

+1, 25 years ago I worked at a gun shop that was a class III dealer, had a lawyer purchase a fully transferable M16A1 for 30k. Transferable class III weapons have skyrocketed in the past 10 years to the point where the colectable ones are bought for investment,not to shoot.

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50K?...most likely a steal if as the article says it also had the suppressor, ( silencer). I have known an MG dealer who for years made quite a good income dealing in fully auto Wespons. A snippet...... "Surprisingly, both the HEL M4 and E4A suppressors were considered to be expendable items. If they were damaged, they were to be destroyed by the company armorer rather than repaired. This may explain why the HEL M4 and E4A suppressors are rarely seen today in collectors hands. It is known that during the early 1980s, at least one mail-order company was selling parts kits for the M4, although this practice ceased when ATF changed the definition of a silencer to include silencer parts. If you ever find a transferable M4 silencer, its a rare and important historical artifact from the Vietnam War."

"Little people" like us have a hard time understanding wealthy collectors ( the big dogs) and their tastes. Big money is made dealing in artillery pieces, tanks, MG's, and warbirds. I have known many, and in the past have supplied " savy" collectors who would not give you $1 for a rare patch, CIB, period helmet or $10 for a Garand but would spend $40K on a half track, $45K for a Thompson, $50K on a Stuart tank ( tripled his money in 15 years), or $185K for a Sherman ( he sold his after sitting idle for years for $254K- a nice profit).post-180924-0-78323800-1542478720_thumb.jpeg Knowledge and " vision" is everything in the field of military collectibles.

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One needs to hang out with class 3 and D.D. dealers to have first hand knowledge. Before 86 act prices were kind of ok but not like the 70s, sigh....

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