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This answer applies only to the US. The M-16 as issued to the US Military is a full auto firearm (machinegun) These can fall into 2 legal categories- those that are already registered, and those that are not. A LEGAL M-16 that has been registered, and can be bought by a law abiding 21 year old resident of America sells for about $26,000, plus a $200 transfer tax. An M-16 that has NOT already been registered can only be transferred to a law enforcement agency or a military unit. THOSE sell for about $1,600. For a private citizen to be found in possession of an UNREGISTERED M-16 is worth 10 years in a Federal prison, and a fine of up to $10,000.

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