Coin Reporting Rules - USA - Coin Community Forum

To participate in the forum you must log in or register.

Author	Replies: 4 / Views: 1,131
jgold123 New Member United States 2 Posts	Posted 09/02/2018 9:56 pm Does anyone know the reporting rules for US gold coins (Buffalos mostly) reporting? I find that sometimes when I buy coins (for cash), I'm asked to show a drivers license. Is this a state law? or Federal Law? Thanks in advance ... Report this Post to the Staff

jbuck Moderator United States 188213 Posts	Posted 09/02/2018 11:13 pm to the Community! Your post was moved to the appropriate forum for the proper attention. 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
jgold123 New Member United States 2 Posts	Posted 09/02/2018 11:15 pm Thanks Report this Post to the Staff
BStrauss3 Pillar of the Community United States 4591 Posts	Posted 09/02/2018 11:31 pm FinCen dropped the reporting to 5K IIRC. Pawn Shops and the like typically need to get ID, hold items for a while and notify PD in case there is a stolen item report. Depending on local law, any kind of retail buyer of gold might be treated like a pawn shop. It could also be a fraud protection / security choice by the business. -----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ Report this Post to the Staff
CelticKnot Bedrock of the Community United States 12819 Posts	Posted 09/03/2018 4:00 pm Quote: It could also be a fraud protection / security choice by the business. I suspect this. Report this Post to the Staff
	Replies: 4 / Views: 1,131

To participate in the forum you must log in or register.

All Forums Category: US Coins and Currency Forums Forum: US Commemoratives and Non-Circulating Coinage (NCLT) Including Grading, Varieties, and Errors

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.21 seconds to rattle this change.