Junk Dealer License for Coin Dealers?
Frank Provasek
We have just been informed by the City of Haltom City , TX
that our store, here since 1966, is supposed to have a
junk dealers license, because coins are old. It's $250 a
year, but we also have to put up a $5000 bond. It looks
like the intention of this law is for the bond to be used
to clean up the junk yard if the junk dealer goes out of
business or causes pollution. Have any other cities tried
to do this to coin dealers?
Causey Rare Coins Largest Bid Board in Southwest
1806 Layton Ave Email Cau...@collector.org
Ft Worth TX 76117 Weekly Internet Coin Auction
817-831-0074 http://www.netcom.com/~ropertex/
John Stone
Looks like the city is just looking around for addition sources
of revenue and probably had somebody research the city bylaws
to see if they can find some ambiguous license law in order to
get more money out of the local business community. I would fight
them on this and try to find out what they are baseing this
decision on. John S.
Kelly Peterson
Frank Provasek <rope...@ix.netcom.com> wrote:
>We have just been informed by the City of Haltom City , TX
>that our store, here since 1966, is supposed to have a
>junk dealers license, because coins are old. It's $250 a
>year, but we also have to put up a $5000 bond. It looks
>like the intention of this law is for the bond to be used
>to clean up the junk yard if the junk dealer goes out of
>business or causes pollution. Have any other cities tried
>to do this to coin dealers?
>Causey Rare Coins Largest Bid Board in Southwest
>1806 Layton Ave Email Cau...@collector.org
>Ft Worth TX 76117 Weekly Internet Coin Auction
>817-831-0074 http://www.netcom.com/~ropertex/
Sounds like a scam to me. Scams are run by all sorts of people.
I would call some of the
other coin dealers in neighboring cities.
Kelly Peterson
Andrew Tumber
John Stone (sto...@pilot.msu.edu) writes:
> Frank Provasek wrote:
>>
>> We have just been informed by the City of Haltom City , TX
>> that our store, here since 1966, is supposed to have a
>> junk dealers license, because coins are old. It's $250 a
>> year, but we also have to put up a $5000 bond. It looks
>> like the intention of this law is for the bond to be used
>> to clean up the junk yard if the junk dealer goes out of
>> business or causes pollution. Have any other cities tried
>> to do this to coin dealers?
>>
>> Causey Rare Coins Largest Bid Board in Southwest
>> 1806 Layton Ave Email Cau...@collector.org
>> Ft Worth TX 76117 Weekly Internet Coin Auction
>> 817-831-0074 http://www.netcom.com/~ropertex/
I'd ask if Real Estate companies must pay the licence as many houses
that are sold are old. Basically it comes down to what the municipal
(and legal interpretation) definition of "junk delear" is.
Then you have to show why you do not apply to the definition, or that the
definition is so broad that anyone who resells an item (car dealers,
real estate agents, antique dealers, comic book shops, ect..) all fall
under the law, and then you can ban together and get it changed!
Andrew
Frank Provasek
Called the city attorney...turns out I DON'T need a junk dealers license
because I already have an auctioneers' license...I guess that already
allows me to deal in junk (grin)..something about the city can't impose
additional requirements on state-regulated activities.
I imagine if this comes up again in other cities, you might try the
argument that you already have a retail license, or ask that the banks
get a junk dealer license since they they don't deal strictly in MS60 or
better coins, etc.
Frank Provasek
Causey's Rare Coins Family owned since 1966
Internet/Live Auction Every Saturday
http://www.netcom.com/~ropertex/
RCinco6487
Frank, we are in Long Island NY, and our town calls it a second hand
dealers license. This is suppose to prevent those dealers who might
otherwise buy stolen merchandise. As much as I hate all the extra paper
work, laws like this do have there place.
Richard