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<p>[QUOTE=&quot;clembo, post: 952859, member: 8033&quot;]I read this weeks ago and Cloudsweeper is right on. If a coin shop has to fill out a 1099 for every transaction over $600 we may as well all take paycuts and stay open longer to keep up with the paperwork.</p><p><br /></p><p>The shop I work in is larger than many in the immediate area but by no means large. We do deal in gold on a daily basis though and $600 at current rates is a drop in the bucket.</p><p><br /></p><p>Now extrapolate to the large bullion dealers like Apmex for example. How many $600 transactions do they have in any given day let alone year?</p><p><br /></p><p>May as well start cutting down more trees to supply the paper we&#039;ll need to fill out 1099s.[/QUOTE]</p><p><br /></p>

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