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<p>[QUOTE=&quot;doug5353, post: 2123890, member: 73555&quot;]The Supreme Court recently refused to hear a case concerning the constitutionality of Ohio&#039;s proposed precious metals licensing law(s), and remanded the issue back to the State courts, which reaffirmed the law.&nbsp; <u>This is probably the toughest law in all 50 states.</u>&nbsp; It will drive many individuals OUT of the bullion market.&nbsp; Penalties include fines and imprisonment, and I&#039;m hearing rumors that State enforcers will monitor flea markets, classifieds, CraigsList, etc., and &quot;maybe&quot; websites like CoinTalk.&nbsp; Not sure, so don&#039;t quote me.</p><p><br /></p><p>As of July 1, Ohio residents will need a license, a background check, an interview, a physical location meeting certain security standards, precise record-keeping, bonding, restraints over advertising, and SUBSTANTIAL licensing fees to run a bullion operation (and maybe more).</p><p><br /></p><p>It is unknown how the law might affect eBay sales, since eBay makes it clear that they are &quot;not&quot; the Seller.&nbsp; Also unknown, the effect on public auctions, coin shows, and other points of sale.</p><p><br /></p><p>I have no further information, and suggest you Google &quot;Ohio Precious Metals Dealers License&quot; to get the latest info.&nbsp; Make sure what you read is dated <b>2015</b>, as this issue has been kicked around the courts for several years now, changing constantly.</p><p><br /></p><p>And if you want to be REALLY confused, here&#039;s the law: </p><p><a href="http://codes.ohio.gov/orc/4728" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://codes.ohio.gov/orc/4728" rel="nofollow">http://codes.ohio.gov/orc/4728</a>.[/QUOTE]</p><p><br /></p>

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