Heritage Auctions Joins Petition Vs. "onerous" Proposed German Law

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Author	Replies: 3 / Views: 1,417
CCFPress Press Manager United States 1420 Posts	Posted 09/02/2015 12:53 pm Heritage Auctions - Legislation seen as negatively impacting German coins and collectibles business by requiring undue burden of provenance on dealers DALLAS — Heritage Auctions has announced its support for an online petition aimed at stopping a controversial new German law, instituting an export license on German cultural objects — which could include coins, art and a variety of other collectibles — requiring dealers to provide a 20-year history of an object's provenance. "We feel that this proposed legislation in Germany puts an onerous burden on dealers, especially as it concerns objects of lesser value," said Cristiano Bierrenbach, Vice President of Heritage Auctions. "This legislation, if passed as is, would severely and adversely affect the international collectibles market of which Germany is an important part." Dr, Ursula Kampmann, the editor of CoinWeekly.com, described the pending legislation as follows in the July 9, 2015 edition: "If this draft becomes law the German coin trade will change completely as will the coin trade with German customers. Everybody dealing in objects older than 50 years will have to adapt. Whenever a dealer will buy or sell an ancient object valued at more than 100 euros (about $110 US) or a post-ancient object of more than 2,500 euros (about $2,750 US) he has to execute due diligence and he will have to inform the buyer about the fate of the object during the last 20 years." The proposed legislation is broad enough that it is conceivable that it would affect not just coins, but books, stamps, paintings, comics, posters and any other collectible. "The law moves the burden of proof from the state to the collector," said Bierrenbach. "In other words, you would have to prove that you own an object legally, rather than the state having to prove that you own it illegally." "Heritage recommends that all its clients and collectors sign this petition and keep this legislation from becoming law," added Bierrenbach. Click here to sign the petition. Report this Post to the Staff

jbuck Moderator United States 188770 Posts	Posted 09/02/2015 2:49 pm This is welcome news. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
westcoin Pillar of the Community United States 9792 Posts	Posted 09/02/2015 3:52 pm I signed this petition several months ago, good to see others are finally getting onboard too. "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 Report this Post to the Staff
TallTitan New Member United States 14 Posts	Posted 09/05/2015 12:54 am Has anybody been talking with the German Ambassador to the United States? I'm sure the Ambassador would be interested in hearing from a notable place such as Heritage Auctions regarding this matter (and it may hold more influence then an online petition potentially). Report this Post to the Staff
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Heritage Auctions Joins Petition Vs. "Onerous" Proposed German Law