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Small Cap Coin Investors Sue State of Minnesota over Bullion Law
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<p>[QUOTE="John Burgess, post: 4949661, member: 105098"]Yeah, but like I said, it's too general. </p><p><br /></p><p>bullion: <i>noun, "</i>gold or silver in bulk before coining, or valued by weight." </p><p>if they had simply called it "precious metal coins or objects, bought or sold at precious metal prices" or something along these lines, it would exclude collectible coins, or ancients or most any of that jazz and just apply to "bullion" as a metals investment purchase or sale and collectors would be left alone. </p><p><br /></p><p>And if they narrowed it down to Dealers requiring a business license in that county or state, instead off generalizing ti to any tom dick or harry that buys or sells $25K in metals a year it wouldn't affect collectors, or even accumulators or investors, just dealers as a business.</p><p><br /></p><p>I'm aware they tried to go after any and all violators, but like I mentioned this laws been there since 2013, it's only since 2019 since people got bent out of shape over it, and I guarantee you, somewhere in MN there's a person taking their job way too seriously.[/QUOTE]</p><p><br /></p>
[QUOTE="John Burgess, post: 4949661, member: 105098"]Yeah, but like I said, it's too general. bullion: [I]noun, "[/I]gold or silver in bulk before coining, or valued by weight." if they had simply called it "precious metal coins or objects, bought or sold at precious metal prices" or something along these lines, it would exclude collectible coins, or ancients or most any of that jazz and just apply to "bullion" as a metals investment purchase or sale and collectors would be left alone. And if they narrowed it down to Dealers requiring a business license in that county or state, instead off generalizing ti to any tom dick or harry that buys or sells $25K in metals a year it wouldn't affect collectors, or even accumulators or investors, just dealers as a business. I'm aware they tried to go after any and all violators, but like I mentioned this laws been there since 2013, it's only since 2019 since people got bent out of shape over it, and I guarantee you, somewhere in MN there's a person taking their job way too seriously.[/QUOTE]
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Small Cap Coin Investors Sue State of Minnesota over Bullion Law
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