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Selling a Collection to FFL 03/COE

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  • QuinnBayArea
    Member
    • Feb 2020
    • 353

    Selling a Collection to FFL 03/COE

    So I am an FFL 02, and basically I have a Collector that has been buying guns from us for about 6 months, and now he works for me. He would like to purchase a bulk lot of fine firearms to add to his collection. He has FFL03 and COE. We've come to an agreement on 30 or so firearms, mixture of long guns and hand guns, all on roster of course, one or two C&R. My question is how should we get it done? I'm sure eyebrows at both ATF and DOJ will be raised if he buys and DROSes 30 Firearms at the same time and the ATF receives a Multiple gun form with 26 handguns. I know beyond a shadow of a doubt its for his private collection, and he is not re-selling or anything. Quite a collection. Just do it all in one go? Is it possible to DROS that many at once? I'm sure collectors buy collections all the time. Just curious whats the most efficient and the less eye-brow-raising way to do it besides all at once. Or is the best approach all at once?
    Best Collateral Pawn in SSF, we are doing PPTs by appointment. Call 650 589 4433, ask for Rowland or Ron
  • #2
    kemasa
    I need a LIFE!!
    • Jun 2005
    • 10706

    Just do it all at once. They might ask questions and they might talk to him, but as long as everything is in order, nothing should come of it. Structuring to hide all the firearms would be more of an issue, as well as costing more. Doing it all at once means one DROS fee, which is a good thing.

    You need to make sure to turn in the multiple sales for both the handguns and any long guns which apply (semi-auto with a caliber over .22). Since he has a C&R FFL, any C&R firearms would not apply.
    Kemasa.
    False signature edited by Paul: Banned from the FFL forum due to being rude and insulting. Doing this continues his abuse.

    Don't tell someone to read the rules he wrote or tell him that he is wrong.

    Never try to teach a pig to sing. You waste your time and you annoy the pig. - Robert A. Heinlein

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    • #3
      sass2924
      Senior Member
      • Oct 2009
      • 757

      All at once. We’ve done several in the high 20’s and many in the teens. No questions have ever been asked.

      Comment

      • #4
        taperxz
        I need a LIFE!!
        • Feb 2010
        • 19395

        Originally posted by QuinnBayArea
        So I am an FFL 02, and basically I have a Collector that has been buying guns from us for about 6 months, and now he works for me. He would like to purchase a bulk lot of fine firearms to add to his collection. He has FFL03 and COE. We've come to an agreement on 30 or so firearms, mixture of long guns and hand guns, all on roster of course, one or two C&R. My question is how should we get it done? I'm sure eyebrows at both ATF and DOJ will be raised if he buys and DROSes 30 Firearms at the same time and the ATF receives a Multiple gun form with 26 handguns. I know beyond a shadow of a doubt its for his private collection, and he is not re-selling or anything. Quite a collection. Just do it all in one go? Is it possible to DROS that many at once? I'm sure collectors buy collections all the time. Just curious whats the most efficient and the less eye-brow-raising way to do it besides all at once. Or is the best approach all at once?
        Sorry, I gotta ask, fine collectible firearms that are ALL on the CA roster?

        Comment

        • #5
          CartridgeCalls
          Senior Member
          • Feb 2016
          • 1370

          When i bought 75 recently on one long form DROS nothing became of it. There is no worries as long as all are legal to be bought here in CA.
          Cartridge Calls, Predator, Duck and Big game calls made from real brass cartridges. 100% Disabled Veteran Owned and operated Small Business.
          www.cartridgecalls.com
          Get them in close, Get the job done!

          Comment

          • #6
            HPT
            • Jan 2018
            • 127

            As I recall for the 3310.4 form you do not need to fill out the multiple gun sale form and submit it if he is "Licensed". If he has his 03 then he is a licensed individual.

            Federal Firearms Licensees (FFLs) must use this form to report all transactions in which an unlicensed person acquired any combination of two or more pistols or revolvers totaling two or more at one time or during five consecutive business days.

            Comment

            • #7
              RoundEye
              CGSSA Director
              CGN Contributor - Lifetime
              • Mar 2010
              • 3671

              Originally posted by HPT
              As I recall for the 3310.4 form you do not need to fill out the multiple gun sale form and submit it if he is "Licensed". If he has his 03 then he is a licensed individual.

              Federal Firearms Licensees (FFLs) must use this form to report all transactions in which an unlicensed person acquired any combination of two or more pistols or revolvers totaling two or more at one time or during five consecutive business days.
              I think it depends on whether or not the multiple firearms being transferred are classified as C&R or not. If they're not, I don't see why the process would be any different (4473 + DROS) just with a 1:30 exception.

              You are not transferring the "modern" guns to his FFL, but to him personally.
              Chad C.
              Certified GLOCK Armorer
              NRA Certified Pistol Instructor, & RSO
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              • #8
                kemasa
                I need a LIFE!!
                • Jun 2005
                • 10706

                Originally posted by HPT
                As I recall for the 3310.4 form you do not need to fill out the multiple gun sale form and submit it if he is "Licensed". If he has his 03 then he is a licensed individual.

                Federal Firearms Licensees (FFLs) must use this form to report all transactions in which an unlicensed person acquired any combination of two or more pistols or revolvers totaling two or more at one time or during five consecutive business days.
                The person is ONLY licensed in terms of C&R firearms. Having a C&R FFL does not exempt the reporting for other firearms, so any non-C&R firearms has to be reported the same as anyone else.
                Kemasa.
                False signature edited by Paul: Banned from the FFL forum due to being rude and insulting. Doing this continues his abuse.

                Don't tell someone to read the rules he wrote or tell him that he is wrong.

                Never try to teach a pig to sing. You waste your time and you annoy the pig. - Robert A. Heinlein

                Comment

                • #9
                  QuinnBayArea
                  Member
                  • Feb 2020
                  • 353

                  Originally posted by taperxz
                  Sorry, I gotta ask, fine collectible firearms that are ALL on the CA roster?
                  Yes sir.
                  Best Collateral Pawn in SSF, we are doing PPTs by appointment. Call 650 589 4433, ask for Rowland or Ron

                  Comment

                  • #10
                    QuinnBayArea
                    Member
                    • Feb 2020
                    • 353

                    Originally posted by CartridgeCalls
                    When i bought 75 recently on one long form DROS nothing became of it. There is no worries as long as all are legal to be bought here in CA.
                    Ok cool, thanks. I called CA DOJ and they said no problem, do them all. They MIGHT call him and ask how he is storing them, thats all.

                    ATF has not called me back.
                    Best Collateral Pawn in SSF, we are doing PPTs by appointment. Call 650 589 4433, ask for Rowland or Ron

                    Comment

                    • #11
                      HPT
                      • Jan 2018
                      • 127

                      Originally posted by kemasa
                      The person is ONLY licensed in terms of C&R firearms. Having a C&R FFL does not exempt the reporting for other firearms, so any non-C&R firearms has to be reported the same as anyone else.
                      Good to know, thank you for the information.

                      Comment

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