How many of you guys have machine guns?

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Even as a current owner, I would be happy to loose money in turn for the ability to get more toys for less.
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Roger that! I'd happily accept a major devaluation of my Vickers in exchange for the registry being opened (or better yet, the NFA being repealed altogether). I have either semiauto versions or parts kits of the RPK, Browning 1919, DP28, RPD, FN-D, and Bren that I'd love to be able to legally make full-auto.
 
I agree that the registry should be opened, even though I stand to lose a couple of hundred thousand in potential paper gains. The consolation is that I actually didn't pay very much for the guns, so the loss is not "real" money. I might feel otherwise if I had shelled out hard-earned cash at the inflated prices.

An open registry would still not result in MG's being "cheap" in relation to other firearms. There would still be many impediments to easy transfer.
 
i've owned MGs from mac10 to m60

lots of fun

i don't think the registry will ever be open. the supply is fixed. the population is skyrocketing. if the economy recovers, expect MG prices to go up. if the economy goes farther south, prices on luxury items will continue to go down
 
I have a couple. It's less popular than many of the other weapons out there, but I really enjoy my STEN. Ruggedly built and extremely simple, very controllable, and surprisingly accurate. Not inexpensive these days, but not much more expensive than a MAC.
 
I just wanted to say I agree with everyonelse who says they'd rather see the law change in the direction of liberty even if it meant losing money. If the M11 I just paid over 3G for was suddenly available with no wait at the local gun shop for $500 I wouldn't be angry, I would be very happy.

I would also like to offer the exact opposite advice of one poster. He said if u are interested in FA's to wait. I would strongly advise against that. Like I said, waiting already cost me two thousand dollars. I have no doubt mg prices will rise, especially on the lower end items.
 
About the only FA I'd really be interested in owning would be an M2 Carbine. Not really sure why either, other than I love the M1 carbines. Plus I have lots of ammo and mags for them, and I reload for them. All the others are fun to shoot, but an M2 is probably the only kind I'd actually consider buying.
 
I agree, there is just something about that M1 carbine. Folks say that its kinda pointless, pistol ballistics in a rifle sized package, but when I hold one I just totally "get it" and yea, a FA version would be slicker than snot :-D
 
"...a repeal of the Hughes Amendment would knock the (artificial) props entirely out from under this market."

I disagree completely. The number of currently made machine guns is never going to change. New guns will always be differentiated from older (think C&R) machine guns, so even if the law is changed, there won't ever be any more original Stens, Thompsons, BARs, Brens, etc. Therefore, the prices of all older guns will be maintained. Newer guns will always be worth whatever the market will bear, but the older guns will be on a different level price-wise.
 
I respectfully disagree (somewhat) with you medalguy.

Case in point, look what happened when Vector flooded the market with new UZI's. UZI prices went down across the board.

You are correct that there will be no more original models made by the original manufactures. An assumption on my part is that most NFA owners are shooters not collectors. So if Hughes is struck down, I think most people will flock to Bob's muffler shop for a $100 sten vs. a $3,000 C&R. This can't help but have an affect on C&R prices.

I agree that C&R guns will hold a higher price point over new manufactured guns, but if the NFA is opened again and the market is flooded with new less expensive plate or tube guns, C&R's will certainly suffer a price drop (in their class) also.
 
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I disagree completely. The number of currently made machine guns is never going to change. New guns will always be differentiated from older (think C&R) machine guns, so even if the law is changed, there won't ever be any more original Stens, Thompsons, BARs, Brens, etc. Therefore, the prices of all older guns will be maintained. Newer guns will always be worth whatever the market will bear, but the older guns will be on a different level price-wise.
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On older collectors guns they might retain more value vis-a-vis newer guns but for many guns the prices would drop drastically. Consider that the MAC 10 I'm looking at right now has an asking price of $3k. A similar semi only gun sales for about $350. Perhaps the tax stamp etc would keep the market smaller and thus the prices slightly higher than a semi auto gun but that $3k gun would be worth a lot less. If all one needed to do was pay $200 and fill out the paper work and then install a new FCG in one's AR what do you think would happen to the price of currently registered M16s and ARs? I don't see anyone paying $16K for one anymore.

Although I am eyeing some full auto purchases I think I would prefer to see regs on SBRs or suppressors go away more than the Hughes amendment. I don't know if either will ever happen (short of a court decision, and even then). I think politically there are better odds of scraping the tax on SBRs than opening the registry. However, there are some court precedents about the laws being tax laws and the effect of closing the registry that lend some hope to getting it opened that way and that might be more likely than a political victory for either.
 
The cost of owning and operating one dissuades me.

However I do have three suppressors and am working on my first SBS and SBR.


Shooting suppressed is just way too cool. =D
 
Cost is also a major factor why I don't have one. Also, I really don't need one. I mean, as it is, I hardly shoot my semi-auto, if I had a full-auto, I would probably shoot it even less, as it would be prohibitively-expensive to shoot!

Since I mainly hunt with my guns, the full auto thing would not be any good for hunting.
 
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