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Minnesota to require Background Check for anyone buying/selling bullion
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<p>[QUOTE="medoraman, post: 1758977, member: 26302"]Its the most worthless law in the history of bad law regarding our hobby.</p><p> </p><p>First, it details you must put in writing how much precious metal is in a coin. Tell me Tim, how is an ancient coin dealer going to do that?</p><p> </p><p>Second, the law is written "buy or sell $1000 worth" of ANY coins with ANY pm content. My coin club is not sure, and neither is the state, (from our correspondence with them), if this covers collectors or not. The law as written sure sounds like it.</p><p> </p><p>Its a bill that will kill coin collecting in this state. I truly feel sorry for most dealers here. Many are already planning on retirement. Its another case of a well meaning bill completely out of bounds. The funny thing is how this bill started. I guess some Twins players got scammed over the phone on some "precious coins", and raised enough of a stink to get this bill proposed. Poor rich millionaires.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1758977, member: 26302"]Its the most worthless law in the history of bad law regarding our hobby. First, it details you must put in writing how much precious metal is in a coin. Tell me Tim, how is an ancient coin dealer going to do that? Second, the law is written "buy or sell $1000 worth" of ANY coins with ANY pm content. My coin club is not sure, and neither is the state, (from our correspondence with them), if this covers collectors or not. The law as written sure sounds like it. Its a bill that will kill coin collecting in this state. I truly feel sorry for most dealers here. Many are already planning on retirement. Its another case of a well meaning bill completely out of bounds. The funny thing is how this bill started. I guess some Twins players got scammed over the phone on some "precious coins", and raised enough of a stink to get this bill proposed. Poor rich millionaires.[/QUOTE]
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Minnesota to require Background Check for anyone buying/selling bullion
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