Isaacman, who made a fortune with his credit-card processing company, is just 38. Another popular WWII tank, the M4 Sherman, costs closer to $250,000.Jared Isaacman hit the headlines last year when he bought the late Microsoft co-founder Paul Allen’s treasured 1989 Cold War MiG-29 Fulcrum fighter jet. The Panzer IV, which was one of the most used German tanks during WWII, sells for about $2.4 to $2.6 million. Tanks from WWII or earlier are rarer, which increases the price. For example, the AMX-13 Light Tank, which was introduced in 1952, costs about $70,000. Tanks built after World War II tend to cost less as there are more units available. Many of the tanks sold to civilians come from the Soviet era and cost between $50,000 and $100,000 depending on the condition and dealer. However, the private sale of an individual tank is likely to cost much less. In 2018, the US Department of State approved the sale of 108 M1A2 tanks and other military equipment to Taiwan for $2 billion.
The M1A2 Abrams is one of the latest tanks supplied to the US Army at a cost of about $6.21 million per tank. However, an individual collector may apply for a Type 03 “Collector of Curios and Relics” license if they meet all other requirements. Civilians are unlikely to obtain an FEP for an operational cannon or machine gun without demonstrating a specific use, such as a controlled historical reenactment or research.įederal explosives licenses (FELs) are typically only issued to manufacturers, importers, and dealers to facilitate the sale of operational tanks.
The permits are primarily used for the sale of large fireworks for individuals that plan on using the fireworks for a public display. The permit is issued by the FFLC, which is a department of the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF). A destructive device is any artillery weapon or firearm with a bore that measures over half an inch, except for most types of shotguns and rifles.īefore obtaining a destructive device, the buyer needs an FEP. The cannons and machine guns on tanks are considered destructive devices. It also established the Federal Firearms Licensing Center (FFLC) for issuing permits and licenses. The National Firearms Act (NFA) regulates the sale of destructive devices and several other categories of guns.
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