New Bullion Law in Minnesota

[jeff of pa]

Minnesota has passed legislation that would regulate bullion coin dealers.

But it has coin dealers and coin club officials scratching their heads over just what it means and how to comply.

Text of the legislation was posted on the Northwest Coin Club website at www.northwestcoinclub.com.

Implementation of the bill will have the effect of licensing bullion coin dealers in the state.Bullion coin dealers will be subjected to registration as of July 1, 2014, with the state commissioner of commerce at a fee of $25 for a bullion coin dealer and $10 for his representatives.

New Bullion Law in Minnesota

 

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[Goose-0]

I read most of the law and it appears that dealers AND private sellers don't have to register if selling at coin shows. Anyhow, how is this 'law' going to be enforced?

 

[mattfink]

Minnesota the state where nothing is allow!!!!!!

 

[cwwj123]

Proof that people should be investing in precious metals. Why regulate something that is suppose to be part of antiquity? When I talk about the importance of PMs to my friends they look at me like I'm crazy. "If the dollar collapses who would want silver coins?" The answer, "Anyone who knows the benefits of silver." The reality is that putting all your eggs in one basket is absurd.