The short answer is ‘Yes!’ but there are some things you need to know.

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While machine guns come in various kinds, types, brands, and styles, the most crucial distinction lies in their manufacturing date. This date holds significant importance due to a law passed in 1986 that rendered the manufacture of most machine guns illegal. However, machine guns produced before 1986 were grandfathered, allowing for their legal transfer through buying and selling.

The 1986 legislation essentially categorized machine guns into two clear classes:

1. Those manufactured before May 19, 1986, and
2. Those manufactured on or after May 19, 1986.

Pre-1986 Machine Guns

You have two primary options when purchasing a machine gun manufactured before 1986. First, you can acquire it through a Form 4 process, or second, obtain a Curios and Relics (C&R) License. Let’s delve into each of these methods with more elaboration below.

Form 4

When opting to purchase a machine gun via Form 4, the process is relatively straightforward: submit a Form 4 Application to the ATF. Naturally, you must ensure that owning machine guns is legal in your state. Here are some pros and cons associated with this method of acquisition:

Pros:

1. Simplified process: Establish a $69 Gun Trust, complete your Form 4 & Form 23, and upon receiving your Tax Stamp, collect your machine gun. For detailed instructions, refer to our article “Ten Steps to a Tax Stamp.”
2. Transferability of Pre-1986 Machine Guns: This allows for the potential resale of your machine gun in the future, although it begs the question, why would you want to part with it?
3. Accessibility: There is a wide availability of pre-1986 machine guns in the market.

Cons:

1. Expense: The primary drawback is the cost. Due to the prohibition on manufacturing machine guns (except for military and law enforcement) after 1986, the pool of transferable machine guns is limited. For instance, a fully automatic Colt M4 could command a price as high as $30,000.
2. Age and Wear: Another downside is the age of these guns, typically at least 30 years old. They have undergone extensive use, with thousands of rounds fired through them. Obtaining replacement parts for their fully automatic mechanisms can be challenging.