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Sure thing. Full-auto arms and destructive devices (other goodies) are legal and may be purchased provided the buyer pays the Federal taxes and jumps through all the paperwork hoops. For machine guns, the guns may not have been manufactured after 1986; thus, I could go out and purchase a full-auto AK-47, provided it was manufactured earlier. In addition to the onerous Federal taxes, there are rules regarding weapons transfer, storage (depends on local police), and backgrounds checks to be completed.

Note that because of the 1986 cut-off, transferable Class III weapons are scarce and are accordingly priced. I would guess that the AK-47 I mentioned would cost in the $5000 ballpark, excluding taxes.