And he had the bucks to set up his production if he was so inclined!
Of note, AP rounds would not have cost anything to register.
While we are straying a bit of the subject, there are hundreds of muzzle loading cannons owned by collectors all over the US. Know a guy that uses coke cans filled with cement to shoot in his 12 pounder. Perfectly legal to own and no requirement to register with ATF. Same for Gatling guns.
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