The "Machine gun" if it is truly an automatic weapon could be worth a lot or it may only be worth a trip to prison.
In 1986, Congress enacted a law banning the possession and transfer of all machine guns except machine guns manufactured prior to May 19, 1986, and machine guns possessed by or manufactured for governmental entities.
With certain limited exceptions, the NFA requires anyone transferring a machine gun to register it with ATF. (The NFA put this responsibility, along with the $200 tax discussed below, on the transferor, rather than the transferee, in an effort to deter all transfers of machine guns. In order to register a machine gun, a transferor must obtain authorization from ATF prior to the transfer in accordance with ATF regulations.
The sticky is registering a previously unregistered machine gun. My understanding is you can't do it (if wrong someone will surely correct me) - that's why the price of "legal" automatic rifles are so high - there are only so many legal automatic weapons out there and the number of people that would like to buy one keeps growing. That's why a new semi automatic AR15 can be bought for $600-$2000 and a used automatic M16 is $10,000 to $30,000.
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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