Most of the people buying MGs these days are doing it as an investment. The market price of my little SMG has gone up 800% since I bought it in the mid 90's. None of my other investments have done nearly as well.

I suspect that's why the Kansas legislature is looking into allowing sales. The doctors and lawyers who want to buy them as investments are hardly the type of people to cause a bloodbath.

That's no joke. I know a private lawyer here who is a gun-nut like me. The story goes that he has a well-heeled client who recently asked him to assist in the purchase of $175,000 worth of so-called "transferables." Strictly as an investment.

There are, of course, shooter grade transferables - I have one. However, the prices of the original military Curio & Relic guns just go up and up and up. For example, a so-called "tube" Sten gun (one made from a modern tube and a Sten parts kit imported after 1968) will generally bring between $3000-$4000 as a shooter. However, an all original C&R Sten is worth twice that because of its collector value and the fact that they are a bit rare - most seem to have been smuggled in as WWII "dufflebag guns" and Amnesty Registered in 1968.

Mind correcting the typo's?

"I'm tembling in my boots..."

It seems to be affecting your typing :-)

Yes, the price of transferrables is through the roof. That is what happens when the government drives the market by creating artificial scarcity.

Letalis, your prices are a little out of date. A tube Sten will reliably fetch $4K these days.

Sebelius just signed this legislation legalizing NFA-applicable weapons/accessories in KS, along with another bill barring state confiscation of guns during emergencies.