And it is too damn bad "THEY" do not teach that concept any more. Now it's more like, "what can I get away with."
Oh my gosh.........I thought "we" were "THEY" LOL
Unlike JB, you left out the word "regularly", so I fixed it for you.
If you look at my first post in the thread, I included the legal definition of a dealer. That definition specifically includes the word regularly. Words have meaning, especially in a legal definition.
A person that buys and sells guns occasionally, even if they make a profit, are not, by definition, dealers.
A person that regularlybuys and sells guns for a profit, are, by definition, dealers.
Anybody that frequents gunshows is aware of the difference. If you regularly see the same people with the "private collection" or "no papers" signs on their tables, and their inventory changes at every show, you can be certain that they are dealing without a license, which is illegal.
If I occasionally buy a gun collection with the intention of selling some of the guns at a profit so that I have little or no money in the ones I keep, or, if I intend to sell them all at a profit, I am not, by definition, dealing without a license.
If I do the same on a regular basis, I am.
There is a difference, and, unfortunately, some people just can't seem to understand that difference.
"Regularly" define this? Daily, weekly, monthly, quarterly, annually? ATF has a wide berth here.
21) The term "engaged in the business" means -
(C) as applied to a dealer in firearms, as defined in section
921(a)(11)(A), a person who devotes time, attention, and labor to
dealing in firearms as a regular course of trade or business with
the principal objective of livelihood and profit through the
repetitive purchase and resale of firearms, but such term shall
not include a person who makes occasional sales, exchanges, or
purchases of firearms for the enhancement of a personal
collection or for a hobby, or who sells all or part of his
personal collection of firearms;
Yes, there is some "judgement" as to what constitutes "regularly" doing something, however, the legal definition of dealing is even more clearly defined.
As posted earlier:
If you are not someone who "devotes time, attention, and labor to
dealing in firearms as a regular course of trade or business with
the principal objective of livelihood and profit through the
repetitive purchase and resale of firearms", then you aren't, by definition, a dealer.
Does anyone have any reference for this? Again, I'm just curious.... because we have members bragging about going to Academy, buying ARs and selling them for $2500 at the gunshow for example.
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