Message:

<p>[QUOTE=&quot;dannic113, post: 1683655, member: 35203&quot;]First off, this is knee-jerk reaction legislation because 6 months to a year ago a larger than normal Evanston, IL based coin dealer was stung. Everyone who was on the wrong side of the law knew that no matter what you had, how you got it as long as you wanted rid of it go see him. He paid cash only no matter what and for those he know were of the criminal element he took no id&#039;s, had them sign nothing, and reported nothing for his or their tax purposes no matter the amount. So now the little paper you sign when you sell them something has to be done every transaction, no more of the typical information on file that shops used for their legit customers to minimize paperwork. The actual law as of earlier this year passed the state senate but was d.o.a. in the house of reps. As of this date I know nothing more came out of the legislation other than coin and bullion shops and cash for gold places must collect information on everyone who sells every single time they sell. Just as a way to be able to track the criminals if a shop gets a stolen item in.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in