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<p>[QUOTE=&quot;isaiah58, post: 2061680, member: 29459&quot;]This is not new, I just assumed most states had something similar. This is why I limit my purchases with local dealers as I do not typically purchase over $1k at a time. Now, when I do purchase that much I buy from the same dealer every time.</p><p><br /></p><p>From what I understand, dealers do not have to report buying from you, if they also sell to you. In my case, I buy enough from my LCS that if and when I do sell, it is not reported. They pretty much say is this all stuff you purchased here? I say most of it is, and they abide by the law and do not report anything.</p><p><br /></p><p>I have never broken the $10k barrier, so am not sure how they handle that. I did watch some guy sell a bucket full of 100 oz bars. They gave him a check, I did not notice any forms being filled out. They only time they ask for my ID is when I sell jewelry, I believe that&#039;s under the pawn laws.[/QUOTE]</p><p><br /></p>

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