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<p>[QUOTE=&quot;GDJMSP, post: 3266514, member: 112&quot;]Every state is different but from what I have seen, most are at least similar. Here in FL - </p><p><br /></p><p><i>They impose numerous restrictions and prohibitions upon persons transacting purchases or sales of secondhand precious metals, including: (1) a requirement that dealers keep detailed records of each purchase transaction, including a photograph or fingerprint of the seller; (2) a requirement that purchased goods be retained within the county in an unaltered condition by the dealer for a period of 15 days following the transaction; (3) a requirement that the dealer submit all records of purchase transactions to the county sheriff and municipal police department within 24 hours of the transactions; (4) a provision that the dealers&#039; records shall be subject to inspection by all law enforcement officers and shall be preserved for a period of three years; (5) a provision prohibiting a dealer from purchasing any item of precious metal from a person under the age of 18 years. *1009 Failure to comply with the provisions of the statutes constitutes a first degree misdemeanor.</i></p><p><br /></p><p>And there are additional rules and regs that differentiate between bullion coins and coins with numismatic value, coins made into jewelry, etc etc.</p><p><br /></p><p>Basically as long as they do that they are not required to do anything else. Of course they could exercise their own judgement regarding refusing to make an offer or buy any time they wanted to. But if they did that too often they&#039;d soon be out of business. And there would never be any guarantees that their judgement was correct - in either direction.[/QUOTE]</p><p><br /></p>

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