SPOOK331945
Sharpshooter
They are registered "new old stock" sideplates, made before the ban. The sideplates are 100%, they've just never had the rest of the gun installed on them. I even saw a registered Maxim sideplate come up for sale a few years ago. Lots of sideplates, trigger packs, and auto sears were built and registered in the months after FOPA 86 was passed, but before it took legal effect. S&H Arms had new FNC auto sears for sale clear up until the late 90s because they had built and registered so many. Bushmaster sold their last new transferable M-16 in 1994. Ramo, Group Industries, and every other company in that business space at the time did the same because they could see the writing on the wall. Prices increased over the years as supply dwindled and demand increased. The sideplates and such you see for sale now are all on the secondary market - someone bought it new, never built it, and just happen to be selling it. There might still be a few "new" transferable guns or receivers in the big corporate collections (Ruger, Colt, etc.), but those aren't for sale and won't be coming out unless there is a bankruptcy and even then it is not guaranteed. Reed Knight got a lot of his rare Colt experimental guns as payment when Colt was in dire financial trouble and owed him a bunch of money for design work he had done for them.
ETA: That last transferable Bushmaster M-16 - I held it in my hands and viewed the special factory documentation that was with it when it was being resold at auction around 10 years ago. It was a real trip reading that factory letter!
ahhhhh makes sense.. Thank you for clearing that up for me. Love to get my hands on one of those side plates one day