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<p>[QUOTE=&quot;Beachloan, post: 1223453, member: 30781&quot;]I do not know what state you live in but here is how it works in CA:</p><p><br /></p><p>21626. Secondhand dealer; coin dealer</p><p>(a) A &quot;secondhand dealer,&quot; as used in this article, means and includes any person, copartnership, firm, or corporation whose business includes buying, selling, trading, taking in pawn, accepting for sale on consignment, accepting for auctioning, or auctioning secondhand tangible personal property. A &quot;secondhand dealer&quot; does not include a &quot;coin dealer&quot; or participants at gun shows or events, as defined in Section 478.100 of Title 27 of the Code of Federal Regulations, or its successor, who are not required to be licensed pursuant to Section 12071 of the Penal Code, who are acting in compliance with the requirements of Section 12070 and subdivision (d) of Section 12072 of the Penal Code, and who are not a &quot;Gun Show Trader,&quot; as described in paragraph (5) of subdivision (b) of Section 12070 of the Penal Code.</p><p>(b) As used in this section, a &quot;coin dealer&quot; means any person, firm, partnership, or corporation whose principal business is the buying, selling, and trading of coins, monetized bullion, or commercial grade ingots of gold, or silver, or other precious metals.</p><p><br /></p><p>21627. Tangible personal property</p><p>(a) As used in this article, &quot;tangible personal property&quot; includes, but is not limited to, all secondhand tangible personal property which bears a serial number or personalized initials or inscription or which, at the time it is acquired by the secondhand dealer, bears evidence of having had a serial number or personalized initials or inscription.</p><p>(b) &quot;Tangible personal property&quot; also includes, but is not limited to, the following:</p><p>(1) All tangible personal property, new or used, including motor vehicles, received in pledge as security for a loan by a pawnbroker.</p><p>(2) All tangible personal property that bears a serial number or personalized initials or inscription which is purchased by a secondhand dealer or a pawnbroker or which, at the time of such purchase, bears evidence of having had a serial number or personalized initials or inscription.</p><p>(3) All personal property commonly sold by secondhand dealers which statistically is found through crime reports to the Attorney General to constitute a significant class of stolen goods. A list of such personal property shall be supplied by the Attorney General to all local law enforcement agencies. Such list shall be reviewed periodically by the Attorney General to insure that it addresses current problems with stolen goods.</p><p>(c) As used in this article, &quot;tangible personal property&quot; does not include any new goods or merchandise purchased from a bona fide manufacturer or distributor or wholesaler of such new goods or merchandise by a secondhand dealer. For the purposes of this article, however, a secondhand dealer shall retain for one year from the date of purchase, and shall make available for inspection by any law enforcement officer, any receipt, invoice, bill of sale or other evidence of purchase of such new goods or merchandise.</p><p>(d) As used in this article, &quot;tangible personal property&quot; does not include coins, monetized bullion, or commercial grade ingots of gold, silver, or other precious metals. &quot;Commercial grade ingots&quot; means 0.99 fine ingots of gold, silver, or platinum, or 0.925 fine sterling silver art bars and medallions, provided that the ingots, art bars, and medallions are marked by the refiner or fabricator as to their assay fineness.</p><p><br /></p><p>In a nutshell as long as &quot;coin dealers&quot; are only dealing in coins and &quot;commercial grade ingots&quot; they do not need to have a second hand dealers license.&nbsp; Where many people cross the line is in buying scrap and you can not do this without a license:</p><p><br /></p><p>21652. Presentation to dealer of adequate evidence of authority to sell</p><p>Every junk dealer or secondhand dealer shall, before accepting for resale from any person any finished product, new item of finished or merchandisable quality, inventory item of new materials or finished quality, or other goods and materials in such a state or condition as to show that they are neither abandoned nor scrapped, shall require that such person present adequate evidence of authority to sell. Violation of this section is a misdemeanor.</p><p>21653. Violations</p><p>Every junk dealer or secondhand dealer who resells any item acquired in violation of Section 21652 is guilty of a felony, if the value of the item exceeds four hundred dollars ($400), and is guilty of a misdemeanor if the value of the item does not exceed four hundred dollars ($400).[/QUOTE]</p><p><br /></p>

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