JD Posted February 25 Report Share Posted February 25 Need some expertise. Finally got a lett back from the NFA branch asking them if my pre-sample uzi status has changed. Here is what they said in reply. The above serial number was imported , and registered via form 2 prior to May 19,1986, under 26 U.S.C. 5844. This machinegun has met the 26 U.S.C. 5844 (1.) government use import exception , therefore, it is transferrable. I am no attorney but if I am reading this correctly, it does mean they consider this pre-sample Uzi to be fully transferrable? What would be the current market value on this? Thanks for any input. J.D. Quote Link to comment Share on other sites More sharing options...
Spartan Posted February 25 Report Share Posted February 25 That is what I have been seeing for guns that have "flipped" and are now fully transferable. Congratulations Quote Link to comment Share on other sites More sharing options...
MPFiveO Posted February 25 Report Share Posted February 25 I'm not an actual expert, I just pretend to be one on occasion. The last four words in the response do indeed indicate that your Uzi meets the criteria to be classified as a transferable NFA firearm. As for value, I don't think the Uzi is in the same class as the MP5 when it comes to reclassified pre samples. By that, I mean the perceived percentage of value above a transferable. Here's where I may be completely wrong. With transferable Uzi's trading in the area of 20K, I would guess that a factory Uzi would bring between 25-30K, but I would be surprised if it made it to 30K. The only way we're going to know is if you put it up for auction and let it roll. We all watched a pre sample HK 53 get listed over and over on the Broker and it was finally put up with no reserve. It went for substantially less than most originally thought it was worth. The first few MP5's went for ridiculous money but the market quickly cooled. An exception to the rule would be M3 Grease Guns because there are so few available. But go to any dealer selling machine guns and you won't have any problem finding a MP5 or Uzi. So, the market for a factory original Uzi is probably a lot smaller than most people think. Quote Link to comment Share on other sites More sharing options...
JD Posted February 25 Author Report Share Posted February 25 44 minutes ago, MPFiveO said: I'm not an actual expert, I just pretend to be one on occasion. The last four words in the response do indeed indicate that your Uzi meets the criteria to be classified as a transferable NFA firearm. As for value, I don't think the Uzi is in the same class as the MP5 when it comes to reclassified pre samples. By that, I mean the perceived percentage of value above a transferable. Here's where I may be completely wrong. With transferable Uzi's trading in the area of 20K, I would guess that a factory Uzi would bring between 25-30K, but I would be surprised if it made it to 30K. The only way we're going to know is if you put it up for auction and let it roll. We all watched a pre sample HK 53 get listed over and over on the Broker and it was finally put up with no reserve. It went for substantially less than most originally thought it was worth. The first few MP5's went for ridiculous money but the market quickly cooled. An exception to the rule would be M3 Grease Guns because there are so few available. But go to any dealer selling machine guns and you won't have any problem finding a MP5 or Uzi. So, the market for a factory original Uzi is probably a lot smaller than most people think. I appreciate the input and agree with you on the value. Was thinking around 20-25k. There were a lot of pre-sample uzis on the market vs other pre-samples but it is a factory original which would warrant a slightly higher value over a semi auto converted gun. Thanks all for the input. Quote Link to comment Share on other sites More sharing options...
Chef Posted February 25 Report Share Posted February 25 Yes, your letter does indeed indicate that your UZI has flipped to transferable status. The letter I just got for my UZI was less direct, but still (I believe) says it is transferable. As far as price, depending on condition, your estimate of $20-$25k is what I would consider to be spot on. Quote Link to comment Share on other sites More sharing options...
okrana Posted February 26 Report Share Posted February 26 Reading between the lines....ATF states that it is transferable...only to another SOT,,,,to an approved civilian...to...??? May want to ask for the specifics. HTH Okrana Quote Link to comment Share on other sites More sharing options...
JD Posted February 26 Author Report Share Posted February 26 great point Okrana. Yes, when I submitted my request, it was very specific asking if it had changed from a restricted sales sample that could only be transferred to a dealer or is it now unrestricted and fully transferable. Well, that is the response I got back. That is why I posted my question...Appears others have received a similar response and were able to transfer it out on a form four to themselves or to another individual. Thanks for input. Quote Link to comment Share on other sites More sharing options...
Frank I Posted February 26 Report Share Posted February 26 (edited) if ATF states that it has met the 26 U.S.C. 5844 (1.) government use import exception, it is FULLY transferable, which means to any qualified individual. A FORMER pre-May full-size UZI sold at auction for 37k (with buyers premium) If you click on the underlined text it will take you to the auction. Lot #2075(N) FABULOUS ISRAELI MILITARY INDUSTRIES FACTORY ORIGINAL UZI SMG MACHINE GUN (UNRESTRICTED - FULLY TRANSFERABLE). Final Price: $37,200.00 Estimate: $16,000 - $25,000 Edited February 26 by Frank I 1 1 Quote Link to comment Share on other sites More sharing options...
JD Posted February 26 Author Report Share Posted February 26 Thank you, Frank, for your input. I knew someone smart would chime in. Nice knowing my little Uzi will be easier to move later on in life. Quote Link to comment Share on other sites More sharing options...
Chef Posted February 27 Report Share Posted February 27 Auction prices are not a viable price indicator. They are an anomaly. On that $37,200 UZI auction, the buyers fee was 20%, which came to $7,440. That means the winning bid was actually $29,760. Plus they also charge 20% of the hammer price to the consignor for the privilege of listing it in their auction. So you can subtract another $7,440 from that $29,760 bid. So the seller might get a check from Morphys for $22,320. But that might not be the total he ended up with because if it was on a form 4, he'd have to shell out another $200 for the transfer tax plus shipping to Morphys. And don't forget, auction houses will 1099 you so you will have to deal with taxes. Auction houses suck. The very best price indicator is this forum. Look at the ads selling the same gun as yours and see what sells and what doesn't. That will tell you how much the current going rate is. Quote Link to comment Share on other sites More sharing options...
United Surplus Arms Posted February 27 Report Share Posted February 27 Midwest Tactical just listed a full-size Uzi that was a pre-sample and is now transferrable - asking price is $26,995 Quote Link to comment Share on other sites More sharing options...
JM in La. Posted February 28 Report Share Posted February 28 It’s already sold Quote Link to comment Share on other sites More sharing options...
Ryo Posted February 28 Report Share Posted February 28 Congratulations. I had a couple change to transferable but one going the opposite direction and a couple staying in Pre86 status. Quote Link to comment Share on other sites More sharing options...
JD Posted February 28 Author Report Share Posted February 28 9 hours ago, JM in La. said: It’s already sold Wow. cant believe it went that quickly. Quote Link to comment Share on other sites More sharing options...
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