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<p>[QUOTE=&quot;omahaorange, post: 2343926, member: 28199&quot;]Not sure what exactly you&#039;re asking here, but I&#039;ll take a shot with part of it.</p><p><br /></p><p>I&#039;m pretty sure all states require auctioneers to be licensed through that state.&nbsp; I&#039;m also sure the law varies from state to state.&nbsp; Here in PA, you must enroll in and complete a program (this is only offered at one school, located in Harrisburg), test, then complete an apprenticeship program under a licensed auctioneer.&nbsp; Along with the license comes a whole set of regulations that must be followed.</p><p><br /></p><p>With that said, many coin clubs hold &quot;auctions&quot; at their monthly meetings.&nbsp; These are &quot;internal&quot;, intended for the club members only.&nbsp; If I read your original post correctly, the club you mention holds periodic auctions that they advertise to the public, get public attendance, then auction the goods.&nbsp; This would indeed, probably be illegal (especially in New York).&nbsp; All it would take is one disgruntled buyer (or seller) to file a complaint with the state licensing board, and it could be all bad.&nbsp; Someone will be on the hook for fines, income taxes, and unpaid sales taxes.&nbsp; If, on the other hand, the club is utilizing a licensed auctioneer (even if he&#039;s donating his time), then it should be okay.&nbsp; As long as it&#039;s on the up and up, there would be nothing wrong with it.</p><p><br /></p><p>I won&#039;t get into any ethical discussions.&nbsp; As long as the buyers and sellers are happy with what they get, this isn&#039;t any different than any other auction, estate or otherwise.&nbsp; Market drives the price.&nbsp; You always take your chances when selling at auction.[/QUOTE]</p><p><br /></p>

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