Check your state law. In some places, like NY, it must be transferred from one permit to another.
Burn me at the stake but I think the face to face sale, with no check of the purchaser's record, is a horrendously large hole in the system that allows criminals to buy weapons from legal citizens without even the seller knowing the buyer's inelligibilty to purchase.
What use is requring dealers to maintain a record of the sale and call in for a background check when the gun can just be sold on a handshake between two people on the street? I know the buyer is breaking the law but come on now, we can make it a LITTLE harder for them to acquire guns from what are otherwise legal citizens. This is a hole in the system that is easily abused and if those on the side of gun ownership continue to ignore it we will only confirm to those in the middle that we are as unreasonable as those on the left paint us.
I think every person who sells a gun should be able to call in on an 800 number and check the eligibility of the seller based on a DL. There is still room for abuse but at least we are providing a method by which an honest private seller can do something to avoid selling to a criminal.