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<p>[QUOTE="imrich, post: 2445253, member: 22331"]I will quote from an NGC article: <b>I think it is pretty safe to estimate the market for rare coins in the United States to be well over $3 billion dollars per year</b>.</p><p><br /></p><p>The legislative process for uniform regulation really isn't that complicated. I know of no other legal "industry" of this size where there aren't minimal uniform standards. Even used car salesmen and lawyers have regulations. </p><p><br /></p><p>If the leaders in this industry can't enjoin to correct perceived injustices, it's believed the processes have already been established for Government corrective efforts.</p><p><br /></p><p>You may be correct that the industry might revert to that existing prior to the establishment of many firms collecting the wealth of investors.</p><p><br /></p><p>Time will tell if internal correction or regulation might create a more equitable Numismatic industry. </p><p><br /></p><p>I believe there are interested buyers throughout the world if the U.S. Numismatic industry collapses as you suggest.</p><p><br /></p><p>I suggest that mature countries with great regulations will see a new burgeoning industry. FDR imposed a $10,000 fine and a jail term of 10 years on Americans who refused to give up their gold in 1933, but that wasn't enough to keep most wealthy Americans from transferring their gold overseas. Silver is probably also an acceptable commodity.[/QUOTE]</p><p><br /></p>
[QUOTE="imrich, post: 2445253, member: 22331"]I will quote from an NGC article: [B]I think it is pretty safe to estimate the market for rare coins in the United States to be well over $3 billion dollars per year[/B]. The legislative process for uniform regulation really isn't that complicated. I know of no other legal "industry" of this size where there aren't minimal uniform standards. Even used car salesmen and lawyers have regulations. If the leaders in this industry can't enjoin to correct perceived injustices, it's believed the processes have already been established for Government corrective efforts. You may be correct that the industry might revert to that existing prior to the establishment of many firms collecting the wealth of investors. Time will tell if internal correction or regulation might create a more equitable Numismatic industry. I believe there are interested buyers throughout the world if the U.S. Numismatic industry collapses as you suggest. I suggest that mature countries with great regulations will see a new burgeoning industry. FDR imposed a $10,000 fine and a jail term of 10 years on Americans who refused to give up their gold in 1933, but that wasn't enough to keep most wealthy Americans from transferring their gold overseas. Silver is probably also an acceptable commodity.[/QUOTE]
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