Revisiting Reportable Bullion & Cash Transactions It is hard to believe it has been a year (May 23, 2011) since my first comments about government reporting requirements within the coin business. I called this effort Rules for Reportable Bullion & Cash Transactions or Lack Thereof and it received comments which are included in this second attempt along with new information. http://www.coinweek.com/commentary/opinion/revisiting-reportable-bullion-cash-transactions/
To make sure professionals were listening Uncle Sam prosecuted a few famous coin dealers and sent them to jail. They then published the results in Coin World which scared most national dealers because prior to these prosecutions cash was not a big deal.
