by Morsecode » Fri Mar 11, 2011 4:50 pm
It's just another Nanny State response to crime. The idea is that once you bring your coins or pm's to a dealer, give him 2 forms of id & phone number, he is supposed to contact law enforcement so they can decide if your stuff is stolen. Once the 7 days pass, you can go back and get paid.
IMO, if you get your stuff took, too bad-so sad. Get a better safe, buy insurance, dig the holes in the backyard deeper...whatever. Just don't inconvenience me.
Second, this is obviously no solution at all since any thief with half a brain will fence the stuff through other venues. Leaving aside the completely ridiculous notion that any dealer is going to lock in a price of any commodity for 7 hours, let alone 7 days.
The upside to the State is taxes. Part of the bill includes stronger language against cash transactions, and strengthening the paper reporting trail.
Basically, they want to give local police the same authority over legit coin dealers and jewelers that they've had for years over pawn shops. Which reminds me...
Sometime around 1981, I sold a 100 oz silver bar to a local storefront operation. The place dealt in a little bit of everything. Got a call that night from the cops who were more than a little curious as to why a 22 year old would own a silver ingot. The store had a pawn license and so their books were, well...an open book. Had to go to the station the next day and show my original receipt for the metal.
From hence ye beauties undeceived, know one false step is ne'er retrieved
and be with caution bold.
Not all that tempts your wandering eyes and heedless hearts is lawful prize,
nor all that glistens gold.
- Thomas Gray, 1747
