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M2 Carbine Questions

MOONED
I have been thinking of making a purchase on a select fire rifle for a while and found a converted (legally) M1 carbine. It's an Underwood 8/45 and is in pretty good condition. I realize it's "converted", but am curious what a realistic price would be. If I can make the purchase for about 4K, plus paperwork and aggravation, if that a decent deal in today's market?

EDIT:
Thanks for the informations all. I am going to investigate further and see what I can do to make this happen.
Can anyone tell me what the actual value of this carbine would be? I am looking at this as not only a item of interest, but also an investment.

Aaron
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Comments

7 comments

Date Votes
  • mark christian
    90+% of all M2 carbines are actually converted M1 Carbines. Very few "true" M2 Carbines were actually produced before WWII ended and those original M2s are all from Inland and Winchester. $4K would be an excellent price for any GI select fire carbine.
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  • cpermd
    quote:Originally posted by MOONED
    I have been thinking of making a purchase on a select fire rifle for a while and found a converted (legally) M1 carbine. It's an Underwood 8/45 and is in pretty good condition. I realize it's "converted", but am curious what a realistic price would be. If I can make the purchase for about 4K, plus paperwork and aggravation, if that a decent deal in today's market?

    Aaron


    $4K is good.
    If you don't get it let me know where it is please. [:D]
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  • nmyers
    There's "converted", & then, there's "converted".

    If the carbine was converted from M1 to M2 configuration by the US military, it would be a "C&R" gun, just as if it had M2 stamped on the receiver by the manufacturer. Such a gun could be sent directly to you from another state if you were to obtain a C&R, saving you a tax stamp.

    If the carbine was converted by anyone else, it would not be a "C&R" gun & must go through your local Class 3 dealer. And, it would be worth less than a "C&R" gun. I agree with Mark, $4K would be a good price for a commercial conversion.

    You need to ask to see a photocopy of the Form 4 to find out exactly what it is.

    Neal
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  • tsr1965
    I do believe C&R status, and NFA status are two different classifications. If I am not mistaken, anything that is select fire, and has a fully automatic mode of operation, is an NFA classification, even though an M1 carbine is on the C&R listing. As such, it cannot be shipped directly to a C&R license holder.

    That out of the way, a fully transferable M1/M2 carbine, with all the correct parts, no matter if it were put together in a US military armory, or by someplace else, is valuable. As stated $4K would be a steal, not just a deal.

    Best

    EDIT 1

    That is an absolute great piece of information. I was not aware that a machine gun could have both C&R, and NFA status. I do stand respectfully corrected.

    It is not mentioned in the sticky which covers the basics of NFA ownership but I think that it should be. Perhaps Nwcid, the author of the sticky, can add C&R information at some point.
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  • mark christian
    National Firearms Act weapons can be Curio and Relics and can be shipped directly to holders of C&R FFLs once the transfer is approved by the BATFE. As Neal stated, an M2 carbine which was commercially converted would not be a Curio And Relic while an original M2, as well as a M1 carbine which was converted by the US military and registered as selective fire, would be C&R eligible. Because of the ability to ahve C&R firearms shipped directly to holders of a C&R FFL and also the fact that there are a few states which prohibit the private ownership of machine guns other than those which are Curio and Relics, C&R machine guns bring a premium over ordinary transferable MGs.
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  • givette
    Mark C:

    When you get the approval paperwork back from ATF (cancelled stamp), and, say it's a Bridgeport Thompson, or a Savage Thompson, on the form 4 and you wish it to be shipped directly to you as a C&R item..

    ..Procedure? Do you send a copy of the approved paperwork to the seller, (who is a private citizen-not a dealer) or send the actual form (and keep a copy for your records)?

    Do you know if restrictions apply to UPS/Fed-Ex when it comes to NFA items being shipped?

    Thanks, Joe
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  • mark christian
    The seller will be notified by the BATFE when the transfer has been approved so the buyer need not send a copy of the Form 4. If the buyer is using a Type 03 FFL to receive the firearm then he has to send a copy of his licese to the seller in order to ship the firearm.
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