Anything full auto, or full auto parts such as sears and bolts, manufactured after 1986 is restricted unless you have the certain licenses for manufacturing or putting together parts manufactured after 1986.
GunCite seems like a pretty informative site. Combine that along with Wikipedia and a few forums to confirm the info, and I think I have it partly right in a short, simple, explination, lol.
I pay dearly every year for the one Post 16 I have. My liability insurance went up almost $2000 a year + the $500 class 3 license each year. The main reason I went class 3 was to get the post toys for myself and business has been pretty good since getting the license but not 100% sold if it was a good idea. I think I am paying $2500 a year to play with my 16 but the biggest difference is if I quit paying that $2500 I lose the 16 and have nothing to show for all the money I spent. It would be a different story If I had an endless pocket book and had a safe full of post guns but this is not the case so....
If I would have thought this out I would have just saved up for 5 years and bought a transferable model which would hold its value.
I guess I could have left that part off. Basicly it is a law of supply and demand for the most part. MACs are abundant and are relatively cheap, others are rare and wanted by many so they are relatively expensive(think 6 figures). Alot of guns/sears can be had for under $10,000.
it is kind of hard to grasp. i think most people dont know we can own pre 86 full autos.
if there are 80 million gun owners in the US you would think a lot of them would want a full auto.
the bad part is i heard, read or was told, that there are only about 250,000 transferables.
of course thats why they cost so much, but i think if 20 million people tried to get them they would cost way more than now.
Ruben Mendiola is the man. he is in Miami. thats where i got mine. Colt AR-15 model 614 select fire. He said a police dept bought 100, there were 500 cops (Detroit or somewhere such) and they couldnt decide who would get them so they were in a safe for the last 45 or 50 years. it looks new. i turned it into an M4 with extra uppers and will never sell it. some of you have fired it and it especially makes me happy to let a kid or someone that has never shot auto fire it. i laugh and smile with every 22 mag dump.
i dont know how to post the site. find out how to spell STURMGEWHER, or STURMGEWEHR yeah the 2nd on.. type it into a search.
when it comes up click on NFA guns and be amazed.