SOLD
60,000.00USD+ buyer's premium + applicable fees & taxes.
This item SOLD at 2013 Apr 19 @ 13:48UTC-6 : CST/MDT
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Buyer's Premium is 20.5% by credit card, reduced to 18% if payment is made by cash, check or wire transfer. Contact Rock Island Auction Company to complete your registration with the auction house.
Estimate: $35000 - 65000
Manufacturer: Knight's Armament Co Model: 63A
This is an extremely rare and seldom encountered Knight Armaments Company manufactured, Stoner designed model 63A, fully automatic, light weight NFA Machine Gun. This is a fully transferable, Pre-1986 manufactured machine gun and it is estimated that less than 100 total were manufactured by KAC, with only a handful of them ever release for sale to the collecting community. The original Stoner 63 weapon system/concept was developed by Eugene Stoner in the early 1960s, who was the same engineer who developed the original AR15/M16 rifles. His idea was that with a basic receiver group/weapon platform, you could reconfigured that weapon into a number of different configurations based on the mission needs or area of operation, using only a minimum of different components. This proved to be an excellent idea/concept which was successfully used by the Elite Navy SEALS for over 10 years during the Vietnam war. To accomplish this, the Stoner weapon system used fifteen different components, such as different length barrels, feed tray assemblies, buttstocks, handguard and top cover, etc. that would allow unit armorers to convert the basic platform into a fully automatic rifle, carbine, light machine gun, (both belt and box magazine fed) and into a fixed belt feed tank version. His weapon system also had several other very unique designs, such as a quick change barrel system and the feed tray and top cover which were very similar to the WWII MG42 and later M60 machine guns.This weapon system was used throughout the Vietnam war and remained in the Navy's inventory until 1982, when it was replaced by the M249 SAWS. Now fast froward 15-20 years and enter Knight's Armament Company, (KAC). This company was started in the 1970s by C. Reed Knight, a brilliant engineer who started out making conversions of various semi-automatic weapons into fully automatic Class III weapons and went on to be one of the U.S. Army's leading design companies in the early 1980s. He helped develop several innovative small arms weapon enhancements for the U.S. Army under the Land Warrior Concept; such as the Rail Intergrator System (RIS) and the Rail Adapter System (RAS) that we all see used on the M4 Carbines in Iraqi and Afghanistan today. He is also known for developing the excellent SR-25 rifle an AR15/M16 type rifle system chambered in 7.62 NATO cartridge, that was later type-classified as the M110 Sniper rifle. In the late 1970s/early 1980s, KAC was able to acquire, original Cadillac-Gage, manufactured M63A parts and assemblies, and was able to recreate and successfully produce this legendary weapon system. This weapon/lot includes two, 1-200 mm twist barrels, that will stabilize 62-77 grain bullets. It is estimated that the cyclic rate of the this weapon is approximately 650 rds per minute and is complete with two,100 rd plastic box magazines that hold the linked ammunition, an original KAC/Stoner spare barrel assembly and storage bag, various small accessories/spare parts such as take down pins, spare firing pin and small recoil springs, a reprint of an original Stoner 63 system manual, eight bags of Stoner type 4 disintegrating ammunition links and a collapsible bipod.
BBL: 20 inch round
Stock: black plastic
Gauge: 5.56x45 mm
Finish: parkerized
Grips: black plastic
Serial Number: 144
Condition:
Excellent with 99% of the original parkerized finish with only minor handing marks. The weapon has been test fired (who could resist?) but very lightly. The plastic components are all excellent showing only minor handling marks or scratches and the heel of the buttplate chipped. The various accessories, spare, 1-200 mm, 1-7.8 twist barrel, miscellaneous parts, two complee top cover, roller assemblies, recoil spring guide rods, links and magazine boxes all appear to be excellent condition.This weapon would truly be the center piece of any machine gun collection. NOTE: This weapon is a National Firearms Act (NFA), Class 3, Fully Automatic Weapon, which is registered with the Bureau of Alcohol, Tobacco, Firearms and Explosives, (BATF) under the provisions of 18 U.S.C. Chapter 44 and 27 CFR part 478. Before bidding on this weapon is it the sole responsibility and obligation of the bidder to understand and comply with all the State and Federal transfer laws and restrictions that apply in their current place of residence.
Auction Location:
7819 42nd St W, Rock Island, Illinois, 61201, United States
Previewing Details:
Thursday, April 18th 10:00 a.m. to 6:00 p.m.
Friday, April 19th 7:30 a.m. to 9:00 a.m.
Saturday, Saturday, April 21st 7:30 a.m. to 9:30 a.m.
Sunday, April 22nd 7:30 a.m. to 9:00 a.m.
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
20.5% |
Additional Fees:
Shipping Details:
Please contact the auction house for the preferred shipper’s contact information.
Payment Details:
Payment Information: Auction sales are strictly for cash, cashier’s check or checks (with prior approval of the management), MasterCard, Visa or Discover. NOTE TO ALL BUYERS: Method of payment will be U.S. currency or certified check drawn on an American bank. All sales are final at the fall of the Auctioneer's hammer. Buyer’s Premium: All bid prices “hammer prices” (means the price at which a lot is knocked down to the purchaser) will be subject to a buyer’s premium payable by the purchaser of 20.5% of the bid price. There is a 2.5% discount for payment with cash, approved check or wire transfer. The premium is added to your successful bid and the two together equal the total purchase price. At the announcement of “SOLD”, the highest bidder will have purchased the offered lot. This purchase is subject to all the terms and conditions set forth herein. The purchaser assumes full responsibility thereof and if requested will sign a confirmation of the purchase. The purchaser further agrees to pay the purchase price, buyer’s premium and any applicable taxes before any lot may be transferred. All items purchased by successful bidders must be paid for in full the day of sale. All items purchased by absentee bidders must be paid for in full immediately upon notification.
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1. TERMS & CONDITIONS OF SALE. The following conditions of sale make up the entire terms and conditions on which items listed in our catalog, on the internet web site and addendum sheets will be offered for sale or sold by Rock Island Auction Company (known hereafter as “RIAC”). All bidders who participate by bidding in this auction agree to the terms and condition of sale and agree to be bound by same. Any notices, posted or oral during the sale, are also part of our condition of sale agreement. Acceptance of a bidder card or a bidder number constitutes acceptance of the following terms and conditions of sale. The purchaser’s rights and our respective rights and obligations hereunder are governed by Illinois law. By bidding at our auction whether in person or by agent, sealed bid, telephone bid, via the internet or other means, the buyer or bidder agree that the contract created by these conditions of sale is made and performed in the County of Rock Island, State of Illinois and further agrees that should any dispute arise from this contract the jurisdiction for contractual disputes is Rock Island County. Auctioneer is not responsible for any errors of the buyer including but not limited to the buyer bidding on the wrong lot.
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This is not an aggregate percentage on the total items bid rather a per item percentage rate. The premium is added to your successful bid and the two together equal the total purchase price. Some items are exempt from Illinois sales tax and others may be subject to Illinois sales tax or local sales tax. The tax is computed on the total purchase price. To establish a tax free sale, a copy of a valid reseller’s permit or other instrument of information must be provided to our satisfaction establishing a sales tax exemption. Any purchaser claiming an exemption yet unable to provide proof will be required to pay the tax to us and seek a refund from the State of Illinois. Generally, all items shipped out of state are tax free sales. We have been authorized by the consignor to retain as part of our remuneration, the buyer’s premium payable by the purchaser.
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4. TERMS OF PAYMENT. At the announcement of “SOLD”, the highest bidder will have purchased the offered lot. All sales are final at the fall of the Auctioneer’s hammer or at the announcement of “sold”. This purchase is subject to all the terms and conditions set forth herein. The purchaser assumes full responsibility thereof and if requested will sign a confirmation of the purchase. The purchaser further agrees to pay the purchase price, buyer’s premium and any applicable taxes. All items purchased by successful bidders must be paid for in full the day of sale. All property must be removed from our premises at the purchaser’s expense no later than 5:00 p.m. five days following the date of sale unless otherwise agreed. If the property is not removed, it may be transferred to a public warehouse for the purchaser at the purchaser’s risk and expense.
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ABSENTEE BIDDING. As a service to anyone wishing to place bids in advance of the sale we may accept bids to bid on a potential bidders behalf at our own discretion by telephone or sealed bid using the forms we provide. A Sealed Bid must be received and credit approved in advance of sale date. It is the Bidders responsibility to establish credit before bidding, or we will accept a 15% deposit in the amount of the total bids. (Deposits will be returned within ten (10) days after sale, if not successful). A Sealed Bid form is enclosed in the back of the catalog. Bids may also be faxed to (309)797-1655. Additionally on-line bidding is available on our website. Buyers acknowledge by bidding absentee via mail, e-mail, telephone, through internet providers, or any other absentee means (not in person bidding) no fiduciary duty exist between the bidder and RIAC. The buyer acknowledges RIAC has a financial interest in all items offered for sale. The buyer acknowledges that there may be a conflict of interest in that RIAC may have an interest in items beyond the seller’s commission and buyer’s premium. In fact RIAC may have offered a guaranteed amount to a particular consignor or may actually have an ownership interest in an item offered for sale. Buyer acknowledges that RIAC has fiduciary duty to sellers and not the buyers. Any absentee bid is executed as if the bidder was actually present and bidding themselves. RIAC will execute bids in a manner such that they will attempt to prevail at the lowest bid possible. We assume no responsibility for failure to execute telephone, sealed, or website/online bids for any reason whatsoever.
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15. FIREARMS LAWS. All post - 1898 firearms must be registered in compliance with Federal and Illinois State Law. Buyers of post - 1898 firearms must complete state and federal registrations forms at Rock Island Auction Company, 7819 42nd Street West, Rock Island, IL 61201, unless otherwise specified. A 3-day waiting period is mandatory for modern handguns, a 24-hour waiting period on modern long arms. Dealers and out-of-state buyers must have in their possession on the day of sale, signed copies of their Federal Firearms License in order to accept same-day delivery of modern weapons. Buyers who act as agents for FFL dealers must have a letter of agency as well as a signed copy of the dealers Federal Firearms License (FFL).
16. CLASS 3. All firearms designated as Class 3 must be registered in compliance with the NFA registry. A $200 federal tax payment is required each time a functional NFA firearm is transferred to or from a private owner. This fee as well as full purchase payment is due at time of purchase in order to process the paperwork. The new owner of the Class 3 firearm will be required to complete 3 forms - 1) ATF Form 4, 2) fingerprint card, 3) ATF form 5330.20 Certificate of Compliance. These forms will be provided to you by Rock Island Auction Company. Note: if state of local law requires a permit or license to purchase, possess, or receive NFA firearms, a copy of the transferee’s (buyer) permit or license must accompany the application. Rock Island Auction Company then mails the paperwork for the Federal Transfer Tax to BATFE. The BATFE says that it can take up to 90 days for approval. We will receive back one of the Form 4’s (they are sent in duplicate) with a Federal Tax Stamp attached to it. This is given to the new owner when he/she picks up the NFA firearm. No further tax is due. The following states do not allow individuals to own machine guns: California, Hawaii, Illinois, Iowa, Kansas, Maine, Michigan, Mississippi, New Jersey, and New York, Rhode Island. SPECIAL NOTE: If you are an SOT (Special Occupation Tax) payer (Class 3 dealer) you are able to transfer functional NFA firearms to or from other SOT payers and government agencies with BATFE approval, but without having to pay a transfer tax.
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DISPUTES UNDER THIS CONTRACT
Buyer and RIAC agree to mediate any dispute or claim arising between them resulting from the buyer participating in the auction or any resulting transaction. Furthermore the buyer and RIAC agree should Mediation be necessary that Mediation fees if any will borne equally by the parties. Buyer and RIAC are required under the terms and condition of sale to enter into Mediation before arbitration or any court action. Should a party commence legal action other than Mediation without giving written notice to the other party that party will not be entitled to recover attorney’s fees even if they would otherwise be allowed to that party in the action[ you should require mediation or arbitration prior to filing any law suit ] All. All mediation, arbitration and court proceedings, whether in state or federal court, shall be filed and conducted solely within Rock Island County, State of Illinois, and not in any other jurisdiction.
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Limitation of Liability. Except as expressly provided above, all property is sold “as is”. Rock Island Auction Company nor the consignor makes any representation or warranty, express or implied, as to the title, merchantability, fitness or condition of the property or as to the correctness of description, genuineness, attribution, provenance or period of the property or as to whether the purchaser acquires any copyrights or other intellectual property rights in lots sold or as to whether a work of art is subject to the artist’s moral rights or other residual rights of the artist. All firearms and ammunition are sold as collector lots only. fitness to fire or otherwise discharge the arm or ammunition is expressly denied by rock island auction company. a competent gunsmith should be consulted before attempting to use or fire any firearm or ammunition. the purchaser expressly acknowledges and agrees that in no event shall Rock island auction company be liable for any damages including without limitation any compensatory, incidental or consequential damages.