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 Replies: 11 / Views: 1,298 |
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New Member
United States
1 Posts |
Sold some of my coins today for the first time. Why did I have to sign my name when selling coins for the police?
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Pillar of the Community
United States
4897 Posts |
 to the CCF! I would guess it is either Mass. State Law or a specific law for the city of Boston. The dealer likely has to hold his purchase for a pre determined amount of time. This time allows the authorities a chance to ensure that the bought coins were not stolen. I would not sweat it, this is standard operating procedure in many locales. |
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Moderator
 United States
188952 Posts |
to the Community! I moved your post to the appropriate forum for the proper attention.  |
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Pillar of the Community
United States
1158 Posts |
Coins are common stolen item to fence, as you might imagine. Most pawn shops have you do the same thing for almost any item of value. It just keeps a database they can reference when stolen items are reported.
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Pillar of the Community
Canada
4911 Posts |
 , they do it all the time at my LCS, they don't do it to me though sincethey know me well, I usually Gert a store credit or cash. Feel free to call me Will.
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Valued Member
United States
183 Posts |
"they do it all the time at my LCS, they don't do it to me though sincethey know me well, I usually Gert a store credit or cash"
Everyone step aside, big man on campus here!! :)
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Pillar of the Community
United States
4897 Posts |
Quote:
Everyone step aside, big man on campus here!! :) lol....but...Do not think he was bragging.... I was obligated to attach a copy of picture I.D. to every transaction, regardless whether it was the first interaction or one thousandth with a customer....in one county. In a shop in a neighboring county there was no obligation (even though I did) to even check I.D. These type of laws are very localized (in NY). Every time the police were involved the shop lost....unfortunately the onus of buying stolen property falls onto the business...there was recourse.....have you ever sued any one (a thief) that does not own anything? These laws are a necessary evil in todays world.....imo.... |
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Pillar of the Community
United States
1512 Posts |
No ID needed to sell in Oregon, at least in my limited experience.
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Pillar of the Community
United States
2368 Posts |
Quote:
These laws are a necessary evil in todays world.....imo.... I completely agree. Theives and counterfeiters would be almost impossible to track down without a database of transactions of some sort. Edited by wheatchaser140
07/09/2014 4:43 pm
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Pillar of the Community
United States
7621 Posts |
Unless you are doing something illegal, or trying to hide something, I wouldn't worry about it.
Just feel bad for the dealers in some jurisdictions that can't sell the stuff they buy for 30 days because of a holding period.
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Pillar of the Community
United States
1247 Posts |
I have not been asked for an ID to sell at my LCS, but they know me very well.
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Moderator
United States
56855 Posts |
I had to do that also here in MI. John1  |
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Replies: 11 / Views: 1,298 |
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Posted 07/09/2014 12:08 pm
