Pre-ban is a receiver built before the old ban which happened in 9/xx/1994. Anything before that is considered Pre-ban. In ban states (at least CT) anything after that date was post-ban and you couldn't have threaded barrels, flash hiders, collapsible stocks, and bayo mount.
Now with the newest law passed after Newtown you can't buy an AR at all. We also cant buy any mags over 10 rounds. The exception with rifles is a Pre-ban. The way the law is worded lets Pre-bans still be sold (I'm sure they just messed up when writing the law) but due to the rarity they are expensive.