Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Minnesota to require Background Check for anyone buying/selling bullion
>
Reply to Thread
Message:
<p>[QUOTE="medoraman, post: 1759012, member: 26302"]Did you read my concern Tim? COLLECTORS may be subject to the law, and required to post a cash bond and obtain a license from the state.</p><p> </p><p>I am all for shutting down coin sweat shops, but this law:</p><p> </p><p>1. Makes it nearly impossible to comply with for ancient and medieval coins</p><p>2. Possibly subjects collectors to licensing and bonding requirements.</p><p> </p><p>Which part of these two aspects of the law makes coin collecting "safer"? I live here man, and we have been fighting this bill for a year now, but the legislature was completely uninterested in our opinions.</p><p> </p><p>A good compromise would be to make anyone soliciting over the phone or via advertising to have to comply with such laws, but anyone who only sells from a store or coin show exempt. This would by definition exempt all collectors, and also exempt dealers who set up at coin shows and have a b&m store. The danger is not traditional coin dealers and shows, but rather telemarketers cold callling little old ladies. Like I said, the INTENT of the law was fine, but its implementation is horrid.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1759012, member: 26302"]Did you read my concern Tim? COLLECTORS may be subject to the law, and required to post a cash bond and obtain a license from the state. I am all for shutting down coin sweat shops, but this law: 1. Makes it nearly impossible to comply with for ancient and medieval coins 2. Possibly subjects collectors to licensing and bonding requirements. Which part of these two aspects of the law makes coin collecting "safer"? I live here man, and we have been fighting this bill for a year now, but the legislature was completely uninterested in our opinions. A good compromise would be to make anyone soliciting over the phone or via advertising to have to comply with such laws, but anyone who only sells from a store or coin show exempt. This would by definition exempt all collectors, and also exempt dealers who set up at coin shows and have a b&m store. The danger is not traditional coin dealers and shows, but rather telemarketers cold callling little old ladies. Like I said, the INTENT of the law was fine, but its implementation is horrid.[/QUOTE]
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
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Minnesota to require Background Check for anyone buying/selling bullion
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...