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<p>[QUOTE="Silverhouse, post: 2242932, member: 29452"]Here in MD, the State hasn't given out a precious metal license since 1991 or so. On top of that, I read the statutes and it states that you must write down the description of the person buying, or selling. height, weight ( approx ) color hair etc. Also if you sell online you could be found at fault as their explanation is you don't know who you really sold the coin to. The precious metals license, is lumped in the same category as pawn shops. So that begs the question to me, if you're not supposed to sell online, then how do LCS's get away with selling online without getting in trouble? One of the biggest online dealers and LCS's here is in MD. </p><p><br /></p><p>I was told by an attorney that the licenses are grandfathered in. I was looking to obtain one, but you actually have to have a commercial business address etc. to even start. Ugh.[/QUOTE]</p><p><br /></p>
[QUOTE="Silverhouse, post: 2242932, member: 29452"]Here in MD, the State hasn't given out a precious metal license since 1991 or so. On top of that, I read the statutes and it states that you must write down the description of the person buying, or selling. height, weight ( approx ) color hair etc. Also if you sell online you could be found at fault as their explanation is you don't know who you really sold the coin to. The precious metals license, is lumped in the same category as pawn shops. So that begs the question to me, if you're not supposed to sell online, then how do LCS's get away with selling online without getting in trouble? One of the biggest online dealers and LCS's here is in MD. I was told by an attorney that the licenses are grandfathered in. I was looking to obtain one, but you actually have to have a commercial business address etc. to even start. Ugh.[/QUOTE]
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