Guess who came into the coin shop today...

[fiatboy]

A guy who works for Brinks. He came in to sell silver halves. I was with another customer, so my boss took care of him, and they obviously knew each other quite well. The guy is currently employed with Brinks, and he sold several thousand dollars in halves. He said he probably won't be back in for a while (I don't know how long that means). He left with a check for a ridiculous amount of money. He sold mostly 40%ers, but more 90%ers than I anticipated. No Barbers. A few walkers. Lots of bens. The usual lot. I don't know how frequently or to what degree...but yeah..it does happen: armored car employees do pull silver halves.

 

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[Immy]

Where I work at least, we only take ID for large purchases, such as over $10000. If we're at all suspicious, we don't even bother to buy. I buy thousands of dollars in junk 90% per day, and not once have I had to get a SS number. From what I understand, it isn't necessary to get any info from anybody. I've had people sell me scrap platinum by the pound, scores of Kugerrands, and collections of pre-1800 U.S. coins---and not once did I have to get their SS number. Never even heard of asking for fingerprints.

By the way, Immy, glad to see you're back!

Hmm, interesting. This is on the back of the receipt I got from the sale:

Pursuant to Nevada law, it is illegal to sell, exchange or transfer stolen property. [Coin shop name] will not be a party to any such transaction involving stolen merchandise. If it comes to the attention of [coin shop name] that any property sold or exchanged is stolen or of questionable nature we will fully cooperate with any law enforcement organization.

If [coin show name] is involved in any litigation relating to an illegal transaction the seller agrees to pay the expense involved in the litigation such as:

A. Attorney's fees
B. Court costs
C. Time lost during litigation of $175.00 per hr.
D. Transportation costs
E. Reimburse owner for all moneys received for merchandise
F. Any other costs during the course of litigation
G. Above all other costs you would pay $1000.00 for every day the store is closed if we would have to appear in court.

My signature and fingerprint acknowledges acceptance of these terms. Sounds like Vegas has a big problem with stolen coins and bullion.

 

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[Texas_Meteorite_Hunter]

Here in Austin, TX we have a pawn shop law, if you receive $ for the sale of anything to a store, they are required to obtain your name, address and Driver's Licence #.

This applies to coin stores buying coins, Half Price books buying books, etc...

The SS# and fingerprint seem extreme.

 

[Silver_Fox]

Here in Austin, TX we have a pawn shop law, if you receive $ for the sale of anything to a store, they are required to obtain your name, address and Driver's Licence #.

This applies to coin stores buying coins, Half Price books buying books, etc...

The SS# and fingerprint seem extreme.

I have never pawned or sold any thing but I know most pawns here is Cali buy gold and silver. I know they take your fingerprint. Pawn shop are always a dump for hot goods.

 

[cyberdan]

Pursuant to Nevada law, it is illegal to sell, exchange or transfer stolen property. [Coin shop name] will not be a party to any such transaction involving stolen merchandise. If it comes to the attention of [coin shop name] that any property sold or exchanged is stolen or of questionable nature we will fully cooperate with any law enforcement organization.

If [coin show name] is involved in any litigation relating to an illegal transaction the seller agrees to pay the expense involved in the litigation such as:

A. Attorney's fees
B. Court costs
C. Time lost during litigation of $175.00 per hr.
D. Transportation costs
E. Reimburse owner for all moneys received for merchandise
F. Any other costs during the course of litigation
G. Above all other costs you would pay $1000.00 for every day the store is closed if we would have to appear in court.

My signature and fingerprint acknowledges acceptance of these terms. Sounds like Vegas has a big problem with stolen coins and bullion.

That is definitely a lot of "lawyer speak" sounds like this coin store got busted in the past and had to go to court and lost a lot of money. They think a disclaimer like this will cover their butts in the future if they get hauled into court again.

Probably won't help. It a lawyer can write a disclaimer, another lawyer (or the same one) can find a loophole in that disclaimer. It's a shark eat shark world out there.