Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
What a sad day for a rarity - Lost my cool
>
Reply to Thread
Message:
<p>[QUOTE="windwalker, post: 1522969, member: 38923"]As you can tell, I'm not only new to this forum, but also new to coin collecting and am trying to understand the laws and customs of your country as you relate them, so please forgive this question. </p><p><br /></p><p>You say that certain coins that are of historical nature have to be turned in as the laws are quite strict.</p><p><br /></p><p>So if you were doing remodeling to you own home and you found a similiar token to the one that you were offered for purchase, is there a point where you could keep the coin without running afoul of your local laws. For example you find the token behind some wall board can you keep the item and if you cannot to whom do you have to turn the coin into. Are the local coin preserver or museum required to purchase the coin from you at a fair market value or do they just sumarily take and keep the coin with no money coming your way.</p><p><br /></p><p>I believe that England has such a law but if memory serves me sufficiently and I'm not going dotty, the authorities have to fix a fair market price for the coin and if the museum cannot pay that price then the coin reverts to the finder.</p><p><br /></p><p>I think that such provisions would keep a coin out of the black market and the finder is truly reqarded for his honesty.</p><p><br /></p><p>Just ideal curiousity honestly.[/QUOTE]</p><p><br /></p>
[QUOTE="windwalker, post: 1522969, member: 38923"]As you can tell, I'm not only new to this forum, but also new to coin collecting and am trying to understand the laws and customs of your country as you relate them, so please forgive this question. You say that certain coins that are of historical nature have to be turned in as the laws are quite strict. So if you were doing remodeling to you own home and you found a similiar token to the one that you were offered for purchase, is there a point where you could keep the coin without running afoul of your local laws. For example you find the token behind some wall board can you keep the item and if you cannot to whom do you have to turn the coin into. Are the local coin preserver or museum required to purchase the coin from you at a fair market value or do they just sumarily take and keep the coin with no money coming your way. I believe that England has such a law but if memory serves me sufficiently and I'm not going dotty, the authorities have to fix a fair market price for the coin and if the museum cannot pay that price then the coin reverts to the finder. I think that such provisions would keep a coin out of the black market and the finder is truly reqarded for his honesty. Just ideal curiousity honestly.[/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
>
Coin Chat
>
What a sad day for a rarity - Lost my cool
>
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...