Yes, but there are different requirements when the items are sold or transferred by an unlicensed person or from an FFL.
Private Transfers Between Unlicensed Persons
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Handguns: Under federal law, unlicensed persons may not sell, deliver or otherwise transfer a handgun or handgun ammunition to any person the transferor knows or has reasonable cause to believe is under the age of 18, except under certain exceptions. **18 USC 922 (x)
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Long Guns: There are no federal laws preventing unlicensed persons from selling, delivering or otherwise transferring a long gun or long gun ammunition to a person of any age.
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All firearms other firearms, and all ammunition other than ammunition for shotguns or rifles may be sold only to individuals 21 years of age or older.
Transfer From Federal Firearms Licensees (FFLs)
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Handguns: Under federal law, FFLs may not sell, deliver, or otherwise transfer a pistol, revolver, or the ammunition for a pistol or revolver to any person the transferor knows or has reasonable cause to believe is under the age of 21.
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Long Guns: Under federal law, FFLs may not sell, deliver, or otherwise transfer a shotguns, rifle, or the ammunition for a shotgun or rifle to any person the transferor knows or has reasonable cause to believe is under the age of 18.
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All other firearm types: Under federal law, FFL’s may not sell, deliver, or otherwise transfer these firearm types or the ammunition for the other firearm types to any person the transferor knows or has reasonable cause to believe is under the age of 21.
Licensees are bound by the minimum age requirements established by the GCA regardless of state or local law. However, if state law or local ordinances establish a higher minimum age for the purchase or disposition of firearms, the licensee must observe the higher age requirement.
[18 U.S.C. 922(b)(1) and (b)(2); 27 CFR 478.99(b)]