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 Replies: 13 / Views: 1,409 |
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Pillar of the Community
United States
3843 Posts |
Hopkins seeks one-year ban on new pawn and coin dealers http://www.startribune.com/are-pawn...s/409416685/Quote:
Hopkins city officials are considering a moratorium on new pawnshops, currency exchanges and coin dealerships as they look to toughen regulation on those businesses in the future.
The City Council on Tuesday is expected to approve a yearlong ban of new and current applications for these types of businesses. If approved, the moratorium would go into effect Jan. 12.
"The city has concerns regarding the potential for these businesses to develop into nuisance properties and create problems for law enforcement," according to a city document laying out the reasoning for a moratorium.
The city contends these businesses have the potential to carry stolen goods and engage in questionable lending practices. It appears that the state Minnesota doesn't want coin collectors in its state. If you remember a few years ago the state passed legislation that devastated local coin shops and coin shows by imposing costly regulations that hit small dealers & collectors the hardest while providing to be a boon for a few high margin coin marketers that lobbied for the legislation. I can see restrictions on pawn shops since academic studies have shown significant negative impacts created by pawn brokers but lumping coin shops into the same category is completely unreasonable and unsubstantiated and is nothing more than elitism and fear mongering. Is the city also going to clamp down upon antique shops, thrift stores, game stores, and other used good sellers since they could theoretically be providing a market for stolen goods? I hope this legislation is challenged in court where it will be the city's duty to prove their claims to a reasonable standard. Your thoughts? Edited by Joe2007
01/04/2017 7:20 pm
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Bedrock of the Community
United States
94367 Posts |
I could not agree more. What a shame.
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Pillar of the Community
 Canada
5395 Posts |
Elitist , progressive politicians just do not get it. Amazing story! Proof once again you just cannot teach STUPID.
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Rest in Peace
United States
7075 Posts |
My thought is that there are a bunch of lazy Hopkins city officials who can't be bothered to learn the difference between a loan shark and an antique store.
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Pillar of the Community
Canada
5246 Posts |
Maybe there could be a moratorium on city handouts for a year.
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Rest in Peace
United States
17900 Posts |
Look, folks, I'm from Minnesota.
We gotta have something to complain about since in wouldn't be "sporting" to whine about feets of snow and waaayyyy below zero temps.
It will come to naught. I've bought a ton of coins since their silly law went into affect. Only ever had one dealer get all worried about the state ever finding out about all our "prohibition" coin dealing.
Some laws are best shot at sundown.
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Pillar of the Community
United States
7390 Posts |
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Moderator
United States
54282 Posts |
To me, this would be like passing an ordinance banning any additional Russians (or any specific group of people) from entering the city because they have the potential to get drunk (or any specific problem) and become a nuisance and create problems for law enforcement.
I am sure some pawn shops, currency exchanges, and coin shops deal in stolen merchandise, but that is no reason to ban them all. This "potential" reasoning could apply to just about any business. Restaurants and supermarkets have the potential to poison or kill their customers with e.coli. Automobile dealers sell cars with the potential to run someone over, etc. It is flawed logic.
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Rest in Peace
United States
7075 Posts |
 It is flawed logic. Quote:
The city contends these businesses have the potential to carry stolen goods Potential is the key word here. nss-52 hit the nail on the head on this. We all have the potential to commit a crime, and that includes the city officials who thought this up. |
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Pillar of the Community
United States
982 Posts |
The Federal Government should recall all the Minnesota State Quarters.  |
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Pillar of the Community
United States
7390 Posts |
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Bedrock of the Community
United States
12437 Posts |
We Buy Gold/pawn shops/jewelry shops/coin shops in St. Louis that make over-the-counter purchases from customers must take a digital photo of the item being purchased and also photocopy the state issued ID of someone selling the item. People who are hocking stolen merchandise do not typically like those conditions for sale  . The records must be retained for a set period of time per city ordinance. There is no time restriction for the shop holding a purchased item as that can be a significant disadvantage for someone who deals with a fluctuating bullion market. |
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Moderator
United States
188952 Posts |
Glad I no longer live in Minnesota. Of course, that was over thirty years ago. Things were different then. |
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Moderator
United States
54282 Posts |
Quote:
We Buy Gold/pawn shops/jewelry shops/coin shops in St. Louis that make over-the-counter purchases from customers must take a digital photo of the item being purchased and also photocopy the state issued ID of someone selling the item. People who are hocking stolen merchandise do not typically like those conditions for sale. People hocking stolen merchandise all know which particular "We Buy Gold/pawn shops/jewelry shops/coin shops" will ignore the rules. If the shop itself won't do it, they tell the person who will (like in the back alley, for example). Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Replies: 13 / Views: 1,409 |
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Posted 01/04/2017 7:48 pm
