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Are you sure on the cost of a M16? I have one i bought in 1981 from Colt. $850.00. I've only put about 700 rds through it. That blows me away that they are worth that much now.Google it. Look up NFA weapons (This covers full auto, supressors, and any other weapons). You will find a lot of info. But, essentially you have to buy a lightning link, drop-in auto sear, or a registered machine gun-all manufactured before 1986- and pay for a $200 tax stamp. The catch: the lightning link is the cheapest option, a $.30 piece of metal that will cost you about $4000-5000. Plan to pay $14-18k for an M16.
Are you sure on the cost of a M16? I have one i bought in 1981 from Colt. $850.00. I've only put about 700 rds through it. That blows me away that they are worth that much now.
Wow. I did get this as an investment. I got in under the wire. Paid the $200 tax (even back then it took 7 months) and the rest is history. It's still in mint condition. I almost bought 2 Thompsons back then instead of the M16. They were $450 each. I'm glad I didn't. Wow, I don't think I'll say anything to the wife just yet. Thanks for the info.
$16k? A mint M-16 seems to be bringing double that.