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Minnesota coin dealer gets 30 months for fraud
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<p>[QUOTE="imrich, post: 3628871, member: 22331"]I believe you'd find that he wouldn't have been prosecuted except for the Minnesota "bullion statute/law" which allows prosecution in the Federal courts for improper interstate commerce. Do you believe he's the only "dealer" doing what he has done. The average collector can't begin to imagine the furor that was generated amongst mom/pop "dealers" who trade without virtually any legal restraints, when the the interstate Federal enforcement legislation was passed. The legislation was diminished. LOL</p><p><br /></p><p>I think you'll determine the "Feds" are impotent because of dealers lobbying to protect their "State Rights" which allow them to violate individual rights through interstate commerce.</p><p><br /></p><p>I'm regularly contacted by very prominent individuals from large auction operations who don't dare come to Minnesota, but want me to send/ consign valuable coins to their out-state auctions.</p><p><br /></p><p>Unless collectors lobby for interstate correction legislation, it's believed fraudulent sales will escalate. It's highly improbable that there will be future improvement, as the unregulated Numismatic industry is very lucrative.</p><p><br /></p><p>JMHO[/QUOTE]</p><p><br /></p>
[QUOTE="imrich, post: 3628871, member: 22331"]I believe you'd find that he wouldn't have been prosecuted except for the Minnesota "bullion statute/law" which allows prosecution in the Federal courts for improper interstate commerce. Do you believe he's the only "dealer" doing what he has done. The average collector can't begin to imagine the furor that was generated amongst mom/pop "dealers" who trade without virtually any legal restraints, when the the interstate Federal enforcement legislation was passed. The legislation was diminished. LOL I think you'll determine the "Feds" are impotent because of dealers lobbying to protect their "State Rights" which allow them to violate individual rights through interstate commerce. I'm regularly contacted by very prominent individuals from large auction operations who don't dare come to Minnesota, but want me to send/ consign valuable coins to their out-state auctions. Unless collectors lobby for interstate correction legislation, it's believed fraudulent sales will escalate. It's highly improbable that there will be future improvement, as the unregulated Numismatic industry is very lucrative. JMHO[/QUOTE]
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