Coin Reporting Rules - USA - Coin Community Forum

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Author	Replies: 4 / Views: 1,154
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 191622 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 4610 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 12880 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: 1,154

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