Originally Posted by Jim Watson
It is illegal to remove the serial number or to even possess a gun with the serial number removed. "Contraband", the feds say.
The value is 5 years in the pen and/or a $10,000 fine if the feds should decide to prosecute instead of just taking it away from you. No doubt you could stash it out, they are not doing house-to-house searches for guns to seize... yet. But it has NO resale value, and is a large legal liability.
I don't think a 1911 has the serial number anywhere else, although one series of 1911A1s does.
What kind of auction? Any professional auctioneer around here will have firearms run through a FFL for the required paperwork.