I have had my C&R for over 10 years and save more than the license cost almost every week, and I have yet to buy a firearm actually using my C&R license. Just the dealer discount savings from Brownells, Midway, Graf & Son, Wolff Gun Springs, Yankee Hill Manufacturing, Daniel Defense... my God the list is almost endless. Just buying gun parts, scopes, ammo... will pay for that C&R in a week or two. Bound book pages are free for downloading:
and there are not a lot of complicated forms, rules, or other BS you need to worry about.
The most important things:
Collecting only. Do not start buying ten and selling 9 every month. You will soon be considered an illegal dealer.
Do not buy them for friends or family. A C&R is not a SPRINT contract.
All C&R firearms bought after you get your license go into your BB, even if you don't use your license to buy them.
When you get rid of a C&R, log it out. If you get rid of a C&R you had before your license, log in into your book as from you and then out to whoever you sold it to.
You do not need to log in C&R guns you had before the license unless you sell them or give them away while you have your license.
Only C&R guns are logged into your BB.
You do not ever have to let ATFE agents into your home. You always have the option of requesting the exam to take place at the nearest field office. If they insist on coming into your home, make them show you the warrant.
If you do allow them in your home, they can ONLY examine your C&R firearms, unless of course they have that warrant.
Go to the ATFE web site and then to the distribution center. Download the C&R 03 FFL license in duplicate, and the Certificate of Compliance card and two finger print cards.
And the forms will be sent to you free of charge. Follow the directions and that is it.