1921 Thompson Possible Pd Acquisition Advice
Posted 19 April 2005 - 07:08 PM
He's interested in getting me a chance to purchase the weapon from his former department. Now here's where I need some advice. He says that they had attempted to sell the weapon to a dealer in the recent past for $5K, but there was some kind of a problem that developed. He does not remember exactly what the problem was, but I'm thinking that the only paperwork that may exist for the weapon is the original 1928 sales paperwork from A-O. I told him that the gun could be worth $25K at this time, depending upon condition and accessories, and NFA transferability.
So, I know that if the PD registered the weapon with the Feds prior to 1968 that there will probably be no problem getting a transaction rolling for a transfer. I want to be sure that all NFA rules are followed in doing such. The question I have is this; If the PD never registered the weapon because they were not required to do so when purchased in 1928, is there any way for the PD to get this Thompson into the NFA registry as a transferable weapon?
Any advice is greatly appreciated.
Posted 19 April 2005 - 07:19 PM
p.s. ole helmer finally got around to me...good time's!!
Posted 19 April 2005 - 07:43 PM
Thanks, I was afraid that would be the case. Hopefully I'll find out in a few days what the previous problem was, and if there is any paperwork that exists after 1928. At the very least, I can probably get a chance to go shoot it with the County Sheriff.
Yeah, Bill is doing well, and is a really nice guy! We're going to meet here this summer to go over some stuff. I'm glad he got back with you via e-mail.
Posted 20 April 2005 - 07:52 AM
|QUOTE (dalbert @ Apr 19 2005, 07:43 PM)|
|Yeah, Bill is doing well, and is a really nice guy! We're going to meet here this summer to go over some stuff. I'm glad he got back with you via e-mail.|
Unfortunately, Ron is correct, if the gun wasn't previously registered by the Sheriff's Department, there is no way to do so now. That probably is why the dealer couldn't obtain possession previously.
I trust Bill Helmer had made his move to Texas successfully? I wish him well. I had many good times with him when he lived in Chicago.
Keep us posted on the status of the Sheriff's gun.
Posted 20 April 2005 - 08:26 AM
Once you get the serial number call the NFA branch and they can tell you if it's in the Registry. If it's there, they can tell you what form it is on along with current owner information.
Posted 20 April 2005 - 07:17 PM
Thanks for the info! Bill is back in Texas and doing fine. I look forward to meeting him soon.
I appreciate the NFA Branch phone call suggestion. That will probably be my first step once I get the info. My uncle will be back home in a few days, and he sounded enthusiastic about getting the pictures and info as soon as he could. He said the gun was in "perfect" condition. (I know "perfect" is very open to interpretation.) He said they took it out shooting once while he was sheriff, and that he was very impressed by the high cyclic rate. They shot it, cleaned it, oiled it, and put it back in the wooden box. From the details I heard, I doubt that the weapon has been used much over the years, and it has apparently been stored in the box, away from other weapons.