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<p>[QUOTE=&quot;LostDutchman, post: 1729861, member: 16994&quot;]Let me break down you what is involved with my store... and see how it compares. </p><p><br /></p><p>I am licensed with the city of Lawrence (which is a suburb of Indianapolis). There is a yearly licence fee. Upon the deal I am required to take a picture of the persons ID, a picture of the item, and their thumbprint. I also have 13 cameras in the shop that record video of the transaction (not required but I still do it). They also must sign a form stating that they are the legal owner of the items that they are selling. I then must hold this item for 7 days before I sell it. I am SUPPOSED to turn in all of my sheets to my city clerks office EVERY NIGHT after business hours. I however have worked it out with the city that we will store them here in house and the police can come to me and I can provide all of them over the past 6 months... which I do. </p><p><br /></p><p>The first violation fine is $150, the second is $2,500, and the third is $10,000. </p><p><br /></p><p>My city recently put a Cash For Gold shop out of business after they found them falsifying their paperwork to buy knowingly stolen goods. </p><p><br /></p><p>The city does not limit how much cash I can pay out... but I do... I try not to keep much in house to be safe. </p><p><br /></p><p>It&#039;s just the name of the game these days....[/QUOTE]</p><p><br /></p>

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