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<p>[QUOTE=&quot;calcol, post: 2969329, member: 77639&quot;]Yup.&nbsp; As a resident of CA, I find it strange that a state that looks after the poor better than most states would grant a tax exemption that favors wealthier collectors.&nbsp; The supposed logic behind the $1500 exemption is that $1500 and up purchases are investments, whereas cheaper purchases are hobby activities.</p><p><br /></p><p>There are a number of workarounds on the law.&nbsp; At shows, even CA-based dealers will often skip the tax for a cash transaction.&nbsp; Out-of-state dealers will often write a receipt that makes it look as though the transaction occurred out of state.&nbsp; Then there is the partial &quot;wash transaction&quot;.&nbsp; Dealer sells you $1500 or more on the invoice, but then immediately buys back part of the merchandise.&nbsp; The $1500 limit is a per transaction limit, not a per coin limit.&nbsp; So it&#039;s sometimes possible to lay away coins until the $1500 limit is reached.&nbsp; Then an invoice is done.</p><p><br /></p><p>It&#039;s bricks and mortar coin shops that have to follow the law most closely.&nbsp; They are too easily inspected and have too much at risk to try iffy workarounds.</p><p><br /></p><p>There have been a couple of time in auctions where I won over $1000, but less than $1500, worth of coins and had exhausted my list of coins of interest.&nbsp; So I scrambled to go through the catalog to see if there were any yet to be auctioned that might be of some interest and that would nudge me over the $1500 mark.&nbsp; That&#039;s how I acquired my only bust half and sitting liberty dime.&nbsp; I don&#039;t collect either series, but am glad to have these two coins.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>

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