MontanaRenegade86

I have both models - a like new M76 and an MK760 that has apparently been to hell and back. Finding parts is the tricky part, although - through good luck and knowing where to look - I managed to acquire almost every part that could conceivably break, including a new bolt. Very fun guns, but kind of a one trick pony.

Just something to think about the next time you guys are on the latrine... I'll heartily admit that my generation (Millennial) and Generation Z have more than a few screw ups. However, I have to point out that our generations were born to, raised by, and educated by Boomers and X'ers. The screw ups didn't just materialize out of thin air (Nature), a lot of it was pushed onto us by our elders (Nurture). I think there's plenty of shitheads in every generation. Now back to your regularly scheduled programming.

@762John nailed it, it's a hand level. See them all the time in my line of work.

The Smith & Wesson Model 76 is a one trick pony. That being said, it's still one of my favorite ponies.

There seems to be a lot of disdain for 50/50 deals. I happen to dislike them myself, as a lot of shit can happen while waiting for an approval. I do have to wonder why at least some dealers only want to pay 50% upon agreement to purchase and 50% upon approval of the Form 4...100% upfront seems fair, regardless of whether one is buying or selling. Personally, I would refrain from labeling MGs as "luxury" items. If the term becomes mainstream, then that's what the IRS will consider them and tax their sales as such. Which is something no one wants. Friend, I'm willing to bet that the IRS views transferable machineguns as collectibles and want that 28% slice of the profit (Capital Gain) in their coffers. They have never given an opinion on this issue that I know of, and I ain't gonna ask, but we all know exactly how that would work if the IRS wanted to press the issue going forward.

Have done business twice with them on S&W 76 parts. No complaints.

Truth, my friend. I paid $1,700 for my Inland in 2017. It still looks like it just rolled off of the assembly line, even after being used as a registered trigger pack host for the past seven years.

I bought my first M1 Carbine from Simpson Ltd. in Illinois. They might have something that suits your needs. https://simpsonltd.com/

I've sold a couple of machineguns and paid the capital gains tax on them. It's not too bad to track. I kept receipts and made up an Excel spreadsheet showing all the data. When I sold my Uzi to a dealer, I sold him another gun right along with it. The second gun was a POS Kahr that I took a hit on. The loss on the Kahr dropped my capital gains on the Uzi a bit.

You got an 85% refund? Hope you find another STEN. It's a very fun gun when everything is running correctly.

That's too bad. I thought that they were better than that. ... I had a bad deal with a dealer in Oregon. Got a local LEO to give Oregon law enforcement a ring. It got the ball rolling pretty quick. The clown that ignored me for months suddenly found his desire to get off his ass and get the NFA paperwork started.

What I do know is that the owner of Armitage was pissing off anti-gun "journalists" in August of 1986. The nerve of this guy...selling legal gun parts.

Good deal.

What city is marked on the trigger pack and/or shown on the Form 3? Any other markings on the pack? Did they use what looks like a date as the serial number? There was a Armitage International Ltd. in Seneca, South Carolina until about 1990 according to what I have found online. It looks like the trail goes cold after about 1990. Can you post pictures with the serial number blacked out?

At the end of the day, it all comes down to your personal risk tolerance. I've sold a fair amount of gun related stuff over the years - a couple of machine guns, collector grade books, hard to find parts, etc. I've given the purchasers great leeway in deciding how they want to pay. If they pay by personal check, I let them know it may take a while to clear. Nobody has ever had a problem with that. If they are established members who I trust, I've been known to send the merchandise while the check is clearing. I don't make allowances for everybody, but I generally have a pretty good feel for a person based on the quality of their posts, how helpful they are, how active they are, etc. Haven't been burned once as a seller and only once as a buyer. When I got burned as a buyer, I took immediate action and minimized my loss. In the end it was a couple of bucks I lost.