Hypothetical question?? Answered, no need to read this...

It is a good thing that this prohibited Colt .32 is only hypothetical, because there is absolutely no way that it could ever become a 12.6 category (grandfathered) firearm. It would be prohibited, period.

And there is no such thing as 12.7 unless the firearm was previously 12.6, which would not have been the case. It would be contraband, if it existed.

The value would be priceless - which is another way of saying worthless.
 
I think you are screwed. If it hasn't been registered or re registered under the new system they won't register it as a prohib period. A restricted isn't much of a problem, it's done all the time. I don't think they will even allow you to have it converted to restricted as can be done with registered prohibs, although that would involve changing the caliber.
 
It is a good thing that this prohibited Colt .32 is only hypothetical, because there is absolutely no way that it could ever become a 12.6 category (grandfathered) firearm. It would be prohibited, period.

And there is no such thing as 12.7 unless the firearm was previously 12.6, which would not have been the case. It would be contraband, if it existed.

The value would be priceless - which is another way of saying worthless.

So any good or better way to turn it in or just get out the grinder or cutting torch and turn it into dust? Hypothetically speaking...
 
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I think you are screwed. If it hasn't been registered or re registered under the new system they won't register it as a prohib period. A restricted isn't much of a problem, it's done all the time. I don't think they will even allow you to have it converted to restricted as can be done with registered prohibs, although that would involve changing the caliber.

Oh I want to be very clear, this has nothing to do with me other than a "fictional" story I was told and thought I would get some insight on, so as to how to properly bring the story to an end.
 
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