Dscampbell... Good for you!!
Did you also have CA a COE? That adds additional benefits to having the 03 FFL in CA.
With a COE, there is no waiting period on C&R handguns, and you are also excluded from the 1 gun per 30 day limit and HSC. It the handgun qualifies as a C&R, it is exempt from the requirement of needing to be on the roster.
For a gun to be a C&R, it either has to meet the 50 years or older rule and be a "RELIC", or listed on the BATFE C&R list as a "CURIO", it does not have to meet the 50 years old "RELIC" rule when it is on the BATFE C&R list... example of modern S&W's on that list... various commemoratives... the M53 Jet.
I also have a C&R FFL, we need to make the most of it while we can before any of the pending legislation possibly gets passed ino law and closes off that exemption to the handgun roster.
1blindref... in CA we only can get long guns shipped to us, all handguns sill need to go through a dealer when shipped to us from out of state. Now here's the stupid part to the law... If I buy a C&R handgun with my FFL while out of state, all I need to do is bring it back, file a form and pay $19 fee.
But that all might be changing soon too.
Also Midway and Graf & Son will give discounts to C&R FFL's.